A management scorecard is a short self-review. The family rates each part of its office from weak to strong and uses the results to decide what to fix first. There is no outside assessment to sign up for; the areas below come from the 12-part series.
| Area | What strong looks like | Read |
|---|---|---|
| Purpose | Written mission, values and goals | Part 2 |
| Structure | Clear entities, location and services | Part 3 |
| Providers | Vendors chosen and reviewed against written criteria | Part 4 |
| Portfolio | A defined model and strike zone | Part 5 |
| Governance | Written rules for decisions, money and family roles | Part 6 |
| People | The right first hires and fair pay | Part 8 |
| Controls | Dual approval, reporting and records | Part 9 |
| Oversight | Investment committee or advisory board | Part 11 |
The resources page has the worksheets that go with each area.
Educational only. Nothing on this site is investment, tax, legal, accounting or other professional advice, or a recommendation on any security, manager, structure or allocation. Speak with qualified professionals before acting.