Lanthier finds Richter’s “Approach starts with delineating clear short-term, medium-term, and long-term goals, a strategy that has proven effective in ensuring a comprehensive understanding and direction for family wealth management.
“A crucial aspect of this process is defining what success looks like for each family, acknowledging that success criteria can vary significantly from one family to another. This clarity is fundamental in tailoring investment strategies that may lean towards lower immediate income or capital appreciation in favor of long-term growth.”
According to Lanthier, the key to successfully implementing this long-term investment philosophy is education, especially for the next generation. By engaging and educating the next generation, there’s a seamless transition and alignment of the family’s wealth objectives with their personal definitions of success. This holistic and forward-thinking approach to wealth management, emphasizing long-term investment and generational education, was a significant factor in Lanthier’s attraction to Richter Wealth.
Strategic priorities and market insights
The CIO also finds Richter’s innovative approach to portfolio construction a significant draw, saying, “They’ve skillfully constructed a portfolio by entering private markets very early, including real estate, private equity, VC, and private credit. They’ve developed a significant portfolio with exceptional access to managers in these sectors. Additionally, they boast a robust network of managers globally, enabling them to effectively execute co-investment strategies and single-name ideas. They’ve mastered the art of tailoring services to clients while remaining opportunistic, a balance that typically presents a challenge. They’re agile.”
Richter demonstrates agility in capitalizing on emerging trends, as Lanthier highlights the multitude of significant developments currently shaping the landscape. She says, “The emergence of generative AI is particularly noteworthy. While its full impact remains to be seen, it’s anticipated to bring about deflation through significant productivity gains, potentially disrupting numerous industries. We need to pay attention because it will most likely disrupt many industries.
