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Full Contact Wealth Management

Your wealth is constantly being affected by the events in your life. By your decisions and relationships, your changing commitments and interests. Even your real estate, art and jewelry. Full Contact Wealth Management makes it possible to approach even the most fluid aspects of your financial life with the same methodology and expertise usually reserved for portfolio management. It’s a practice that sometimes demands hands-on intervention in time-sensitive situations. As such, it requires integrated skills, discretion and a 24/7 commitment to white-glove client service. We believe it’s what makes Ferris Capital unlike any wealth manager in the world.

Bringing Real Expertise To Your Most Personal Holdings

Divorce & Negotiations

Divorce is not a pleasant business. But make no mistake about it-it is a business nonetheless.

Marriage is a sacred covenant, until it’s not. At which point you’ll need a good team to protect your interests.

PROBLEM
The end of any marriage is a painful and confusing time. Whether it comes out of the blue or you’ve felt it coming for years, the decisions we make during that hugely emotional time are some of the most impactful we’ll likely ever make. They stand to affect us for the rest of our lives. In one particular case, a new Ferris Capital client fortunately had the presence of mind to realize that she stood to lose a great deal without the right legal and financial representation during this time. She’d been married for some years to the heir of a large, family-owned publishing firm. As part of her divorce agreement, a complex tome that’d been hammered out by their army of lawyers, she received a large concentration of stock in her newly ex-husband’s publishing company—worth somewhere between $7,000,000 and $10,000,000—plus interests in a number of restaurants and a marquis property on Martha’s Vineyard. To be sure, the settlement appeared to be generous, but at the same time, complex—it wasn’t going to be easily transitioned and the assets needed to be managed over time to realize their true value.

SOLUTION
Fortunately, our client recognized this immediately and turned to Ferris Capital for guidance on what to accept and how to accept it. While the lawyers worked on the divorce itself, the Ferris team worked with the lawyers to ensure a fair distribution of assets, to value the restaurants and the stock, and to conduct a thorough and rigorous tax analysis on both the taxable and non-taxable portions of the distribution. The divorce then being complete, the Ferris Capital team quickly hedged the equity portfolio in an attempt to limit potential downside risk. As part of our ongoing stewardship of her post-divorce assets, we reinvested her initial earnings in a broader, more diversified investment portfolio. This provided the opportunity, several years later, to loan her ex-husband several million dollars to help him avoid bankruptcy—a move that would’ve significantly reduced the children’s inheritances and long-term financial well-being.

RESULTS
In the long run, our client prospered where her ex-husband plummeted—even though she originally came from more modest means and he came from entrenched, generational wealth. The difference? She had world-class financial and investment guidance backed by a full contact wealth management team. The difference was Ferris Capital. Fortunately, in the end, everyone won. Most of all their kids—who would’ve lost everything to their father’s negligent and reckless financial and personal mismanagement.

 

 

Executive Summary

New client in midst of divorce
Complex assets difficult to value
Ferris negotiated fair distribution
Identified tax advantages
Invested assets wisely
Client & children are set for life

Related Expertise

Divorce Planning
Mediation
Estate Planning
Divorce Conciliation
Family Law
Investment Strategy
Investment Management
Tax Analysis

Major Sale

Our team will analyze your hard-to-value assets, assess your situation, and work with buyers and auctioneers to ensure you get the greatest possible value.

You haven’t lived until you’ve owned a Bugatti, and you haven’t died until you’ve tried selling it.

PROBLEM
There is no shortage of beautiful vehicles on the roads of, and the waters around, Miami’s Fisher Island. Very nice, very expensive cars and boats are everywhere. But even there, in Miami’s most exclusive enclave, you don’t see many cars like the one this Ferris Capital client had his eye on. The Bugatti Veyron is generally recognized as the most expensive (and most powerful) production car in the world, retailing for somewhere in the neighborhood of $1.5 million (US). Just as the process of buying one isn’t quite the same as buying a Toyota, selling one is every bit as complicated. With these cars, you don’t just walk into the dealership and, three hours later, drive away.

SOLUTION
Our client contacted us initially just to see if this was something we had any experience or contacts in. Which, of course, we did. In fact, we were able to tap into our network—built up over decades of work on behalf of our clients and ourselves—to find an intermediary and a buyer for our client’s Bugatti. Through a world-renowned auto dealer in Connecticut, we were able to find a sophisticated buyer in California—a European automotive museum, actually—and negotiate a fair market price for the vehicle. We did it quickly, efficiently and meticulously—the way we do everything.

RESULT
Because we were selling to a European buyer, we hedged to the euro for the entire sale price to avoid depreciation in the dollar during the course of the sale itself. As a result, we were able to save our client tens of thousands of dollars in the process.

 

 

Executive Summary

Client needed to sell Bugatti Veyron
Ferris tapped network of luxury brokers
Identified sophisticated European buyer
Negotiated excellent price
Saved thousands by hedging sale into euros

Related Expertise

Private Sale Network
Auction Expertise
Tax Planning

Emergency Estate Planning

We use best practices to promote harmony around your estate plan and to ensure members of the next generation have the tools they need to manage inherited wealth.

It took a lifetime to build your legacy. Now you have 30 days to save it.

PROBLEM
Every Ferris Capital client eventually comes to recognize our true value—in their own way and in their own time. Sometimes, it takes a crisis. Such was the case for this former technology executive, a man who’d become immensely wealthy as CEO of one of America’s best-known tech companies. However, he had sadly become irreversibly ill. As his prognosis grew ever bleaker, he became more concerned about his estate—specifically, about his estate plan, which had been carefully assembled over 15 years by a crack legal team. He feared his plan, while thorough, would not equally benefit all of his children—in particular, those from his first marriage. The difference could run into the millions for each child. With these concerns weighing ever more heavily on his mind, and with time running out, he asked Ferris for help. He gave us 30 days to right the ship and put his mind at ease, once and for all.

SOLUTION
We undertook the endeavor with the utmost urgency, knowing it would take another wealth manager six months to a year and we had less than 30 days. As such, the entire Ferris team was enlisted, drawing expertise from all areas of the firm. Our initial scrub proved that our ailing client’s concerns were well-founded. His existing plan benefited only his current wife and their children and provided nothing for the children from his first marriage. We worked around the clock to chart a series of bold changes that would put his estate on more balanced footing and make the plan more tax efficient than ever. The difference did, in fact, run into the millions of dollars for each of his inheritors. In the new Ferris version of his estate plan, all of his kids would receive the full benefit of his life’s work and achievements.

RESULTS
Not only did his estate save millions in taxes; not only would his subsequent descendants now benefit from his work; not only did we achieve in 30 days what would’ve taken another firm six months; above all, we helped this one man—in this case, a valued client and close friend of the firm—find real peace of mind in the final few days of an extraordinary life. With the new plan implemented and his fears resolved, our ailing client produced one of the most touching moments we’ve ever had here at Ferris Capital. When we shared the news with him, his eyes welled up and he said this to Ferris Capital founder David Ferris: “I know that I’m not going to see you again for a long, long time. But I want you to know that, wherever it is that I’m going, I’m going there in peace, thanks to you—thanks to what you’ve done for me, for my family.” Of the moment, David Ferris had this to say: “Even in a career that’s been pretty full of moments worth being proud of, this is the one moment that I’m the proudest of.” And rightfully so.

 

 

Executive Summary

Tech executive worth millions
Sudden terminal illness
30 days to balance estate plan
Millions in tax savings
All his children are taken care of
Client passed with peace of mind

Related Expertise

Estate Planning
Wealth Transfer
Legacy Planning
Tax Planning
Family Law
Mediation

Major Purchases

Just as your tastes change and evolve with your success, so too does the way you buy and sell luxury items. From search to sold, Ferris Capital can provide the expert guidance and support you need.

Buying and flagging a hundred-plus-foot, multimillion-dollar yacht from Europe? Unless you’re in the U.S. Navy, you’ll want some help with that.

PROBLEM
Boats are beautiful, romantic things. Sensuous and strong, equal parts technology and soul, above all, boats afford us conveyance to the ocean—the biggest and most wondrous, most romantic of all nature’s elements. As yachtsmen ourselves, we know that the search for a new vessel is a search for something that suits your intended usage, but that also ignites your imagination and calls you to adventure. So when one of our longest-lasting and most important clients wanted help in doing just that, we jumped to the task with trademark expertise, urgency and precision. We knew exactly what we were looking for.  

SOLUTION
Buying, registering and flagging boats of this magnitude is a laborious and somewhat complicated process, involving as many as a dozen or more parties and agencies. We undertook our search the same way we do everything, methodically and meticulously. With our client, we traveled to Miami to tour the more prestigious boat shows. To be sure, we wanted to get this exactly right. Eventually, we found a vessel that checked all the boxes—even the intangibles—for our client. We then started in on the task of working with our handpicked broker to negotiate the best price for the vessel. After much back-and-forth, including negotiations that crossed virtually every international time zone, we came to terms and closed the sale. Once we did, we worked with the European seller to coordinate and ensure safe passage of the vessel to the States, at which point we took delivery of the vessel and initiated the due diligence process. Including the costly and comprehensive process of navigating the maritime inspection of the vessel.

RESULTS
The Ferris team engaged specialty maritime tax counsels to better manage the regulatory and documentation implications of buying a foreign vessel that was European flagged. Our team’s maritime experience saved this client literally hundreds of hours in the sale and registration of the boat and at least as many in managing the complexities of inspection and the flagging of a foreign vessel. Beyond the untold hours that we spared our client, we also save him hundreds of thousands of dollars on the actual cost of his new boat. All of which helps to ensure that his voyages are all the more enjoyable.

 

 

Executive Summary

Assisted purchase of luxury yacht
Tapped network of contacts
Identified client's perfect vessel
Saved hundreds of thousands on cost
Coordinated delivery, inspection & flagging

Related Expertise

Private Sale Network
Auction Expertise
Tax Planning
Negotiations