Atlantic Trust Disclosure

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2 Atlantic Trust Disclosure Atlantic Trust Private Wealth Management includes Atlantic Trust Company, a division of Invesco National Trust Company (a limited-purpose national trust company), and Stein Roe Investment Counsel, Inc. (a registered investment adviser), both of which are wholly-owned subsidiaries of Atlantic Trust Group, Inc. This document is intended for educational purposes only and the material presented should not be construed as an offer or recommendation to buy or sell any security. Concepts expressed are current as of the date of this newsletter only and may change without notice. Such concepts are the opinions of our investment professionals, many of whom are Chartered Financial Analysts (CFA ). The Certified Financial Planner Board of Standards Inc. owns the certification marks CFP and CERTIFIED FINANCIAL PLANNER in the U.S. There is no guarantee that these views will come to pass. Past performance does not guarantee future comparable results. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Atlantic Trust does not provide legal advice, and the information contained herein should only be used in consultation with your legal, accounting and tax advisers. To the extent that information contained herein is derived from third-party sources, although we believe the sources to be reliable, we cannot guarantee their accuracy. Investment Products Offered are Not FDIC-Insured, May Lose Value and are Not Bank Guaranteed. Invest For the Future 2

3 Linda S. Beerman, Chief Fiduciary Officer Atlantic Trust Linda Beerman serves as the chief fiduciary officer for the firm as well as head of Atlantic Trust s Wealth Strategies Group. With more than 30 years of experience in the financial services industry, Beerman manages client estate and wealth planning and has oversight responsibility for policy and procedures through the Trust and Risk Management committees. Before joining Atlantic Trust in 2001, Beerman was the manager of estate and financial planning for Wachovia s Trust Department, which she joined in Beerman received a Bachelor of Arts from Denison University and a Juris Doctorate from the Wake Forest University School of Law. She is a member of the North Carolina Bar and the North Carolina Bar Association and has served on the Trust Drafting Committee of the North Carolina General Statutes Commission and as a member of the adjunct faculty of the Wake Forest University School of Law. In addition, Beerman is a member of the Wake Forest University and Forsyth Country Day School Planned Giving Advisory councils and has served on the Forsyth Country Day School Board of Trustees. Invest For the Future 3

4 Judith A. Saxe, Senior Wealth Strategist Atlantic Trust Judith Saxe is a managing director and senior wealth strategist in Atlantic Trust s Boston office. She works directly with clients and other professionals to build and solidify relationships at Atlantic Trust. She has been instrumental in developing and delivering integrated wealth management services to clients, including providing comprehensive estate and financial planning services and contributing to the growth and success of the wealth management platform. Saxe has over 23 years of industry experience, counseling high net worth individuals, corporate executives, closely held business owners and multinationals on sophisticated estate plan designs and strategies. She joined Atlantic Trust in 2003 from Ernst & Young LLP, where she was the New England Area Director of Estate and Business Succession Planning. Prior to this time, Saxe practiced law with a specialty in estate planning at major firms in New York City. She is currently president elect of the Boston Estate Planning Council (BEPC). BEPC is the largest interdisciplinary estate planning council in the country, with over 850 members from the greater Boston and New England area. In 2008, she was recognized as an Accredited Estate Planner (AEP ) by the National Association of Estate Planning Councils (NAEPAC) in recognition of both her experience in and her interdisciplinary approach to estate planning. Saxe is active in the Boston legal community as a speaker and writer. She has chaired or been a panelist for numerous seminars for Massachusetts Continuing Education (MCLE) and is a contributor to several MCLE s publications. Saxe has also served for many years on the Professional Advisory Committee for the Boston Foundation and was one of the founding members of this group. Saxe earned an A.B. with honors from Harvard University and a J.D. from New York University School of Law, where she was an editor of the NYU Law Review. Invest For the Future 4

5 James Grubman, Ph.D. FamilyWealth Consulting Jim Grubman, PhD is a consultant to families of wealth, their advisors, and other resources in the wealth management industry. He works with ultra-high-net-worth multigenerational families concerning succession, financial education, communication, estate planning and other transitions. He also provides consultation and training to family offices, Top 100 advisory firms, and institutional advisors concerning client relationship skills and family dynamics. Dr. Grubman designed and taught the first graduate-level-only course in the United States at Bentley University about psychological aspects of financial advising. He is also a faculty member for the Certified Private Wealth Advisor certificate sponsored by IMCA and the University of Chicago Booth School of Business. Dr. Grubman consults to State Street Global Advisors online practice development resource, SPDR University and has been featured in online, TV, and print media including Family Wealth Report, CNBC, Private Wealth magazine, The New York Times, and Private Asset Management. He has multiple publications in the Journal of Wealth Management and the Journal of Financial Planning, among others. He has spoken before the Institute for Private Investors, Campden Conferences, the National Association of Personal Financial Advisors, the Heckerling Institute of the University of Miami Law School, and other organizations. Dr. Grubman is a member of the Boston Estate Planning Council, the Society of Trust and Estate Practitioner (STEP), and the Family Firm Institute, where he has earned the Family Business Advising certificate. Dr. Grubman has a specialty interest in consulting to families of wealth with ADHD and other cognitive disorders. He has a master s from the University of Michigan and a PhD in psychology from the University of Vermont. Invest For the Future 5

6 Ellen Remmer, President and Chief Executive Officer The Philanthropic Initiative Ellen Remmer is a recognized leader in the field of strategic philanthropy. As President and Chief Executive Officer, she guides the strategic direction of The Philanthropic Initiative (TPI) and champions the promotion of more effective philanthropy in the U.S. and around the globe. She has been with TPI since 1993 and has developed many of TPI s signature donor learning programs and speaks internationally on the subjects of strategic giving, family philanthropy, and women as donors. Remmer has been featured in publications ranging from The Wall Street Journal and Forbes to the Chronicle of Philanthropy and Town & Country. Prior to her work with TPI, she worked as a corporate strategic planning consultant at the firm of Temple, Barker and Sloane (now Oliver Wyman) and as a management consultant at Mercer Management Corporation. Remmer currently serves as a board member of her family s foundation, which supports programs that help disadvantaged girls take charge of their lives. She is also a Trustee of Wesleyan University, serves on the Board of Directors of Associated Grantmakers and on the Board of Visitors of Indiana University s Center on Philanthropy, and has served as a member of the Council on Foundation s Family Foundation Committee. Remmer completed a Bachelors of Arts from Wesleyan University and an MBA from the Tuck School of Business at Dartmouth College. Invest For the Future 6

7 David Scott Sloan, Partner Holland & Knight David Scott Sloan works closely with clients to design and implement sophisticated strategies that are integral to their family wealth planning. High net worth individuals, particularly principals of private equity, venture capital and hedge fund firms, executives of private and public companies, entrepreneurs and owners of closely held businesses, regularly turn to Sloan for advice in all aspects of succession planning and wealth transfer. Sloan understands the needs of wealthy families and creates plans that address their financial and philanthropic goals while also minimizing transfer taxes. Invest For the Future 7

8 Good Money Conversations Establish privacy and trust first Give the headline so they know what the story will be Not one event but multiple conversations All questions are reasonable some answers may be deferred to another time It s okay to take things in steps Discussing doesn t mean you delegate decision-making Be patient with initial comments or reactions Be willing to share mistakes, learning, successes, struggles Praise success Invest For the Future 8

9 Resources for Good Money Conversations Collier, Charles. Wealth in Families (Second Edition). Cambridge, MA: Harvard University Press, Gersick, Kelin. Generations of Giving: Leadership and Continuity in Family Foundations. Lexington Books, Godfrey Joline, Raising Financially Fit Kids. Berkeley CA: Ten Speed Press, Hausner, Lee. Children of Paradise: Successful Parenting for Prosperous Families, Second edition. Irvine, CA: Plaza Press Hughes, James, Jr. Family Wealth: Keeping It in the Family. New York: Bloomberg Press, Hughes, James, Jr., Susan Massenzio, and Keith Whitaker. The Cycle of the Gift: Family Wealth and Wisdom. New York: Bloomberg Press, Price, Susan. The Giving Family: Raising Our Children to Help Others. Council on Foundations, Willis, Thayer. Navigating the Dark Side of Wealth: A Life Guide for Inheritors. Portland, Oregon: New Concord Press, WEBSITES: Famzoo.com useful for teaching and managing financial education within families Mint.com useful for tracking income and expenses for budgeting Navigatingthetrustscape.com positive helpful stories about trusts, trustees, and beneficiaries, by a leading estate planning attorney and a family wealth consultant Invest For the Future 9

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