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Case Study: Fiscal Education

Fiscal Education

It can be challenging for children of affluence to handle money in a responsible manner. As a result of our long-term client relationships, JDJ often works with multiple generations of a family, and in the case of the Grays, JDJ stepped in to help educate one of their children.

Ms. Gray seemed to have it all; substantial wealth, excellent health and a partnership with JDJ that allowed her to enjoy the prosperity she had earned. Her son Sam, however, was inexperienced with cash management, and had incurred significant debt from credit cards, refinancing, and personal loans. As she often did, Ms. Gray turned to JDJ. Not only were we her trusted advisors, we were also an objective party.

JDJ saw the problem as twofold. First, we set up and administered a strict budget, took over paying Sam’s bills, and negotiated with his creditors. The second task was more challenging: teach Sam to understand his finances and be fiscally responsible. We trained him on personal financial management software and stressed the importance of keeping the information up to date. We showed Sam how to create and manage a budget; and we demonstrated the long-term value of not spending beyond his means, but instead saving and planning for the future.

JDJ provided insight and expertise that a family member would have had difficulty delivering as impartially or as patiently. As a result, Sam is well on his way to financial independence.

Personal Accounting and
Net Worth Reporting

Mr. Edward was a very busy man with a family, two homes and multiple business ventures. As one of his ventures evolved, the complexity of Mr. Edward’s day-to-day activities increased.

Building Meaningful
Relationships

Jane and Joseph Cooper were referred to JDJ by their accountant, who knew their household employment situation was in disarray.

Trust and Estate
Administration

Mr. Jones had a complicated estate plan consisting of multiple trusts. In addition, he had a disabled child who would benefit from a special needs trust.

Tax Planning and
Cordination

It was September 30th and Ms. Murphy’s tax accountants desperately needed long overdue information to complete her very complicated tax return by the October 15th deadline.

Real Estate
Management

The Wilson family decided to purchase a home in an area of Florida where they often vacationed, and asked JDJ to assist them with this undertaking.

Wealth Analysis Tools
and Reporting

Mr. Marcus is a successful entrepreneur with multiple wealth managers, an active interest in alternative investments, and a net worth of over $100 million.

Domestic Staffing
Support

The Martin family came to JDJ for assistance managing their busy lives, which included young children, demanding careers, and multiple homes.

Simplified Yacht
Ownership

Acquisition of a yacht can be one of the stepping stones you have planned for in your life. Taking care of details, to ensure you enjoy that achievement is our job.

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Awards


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