The Colony Group
Core Offerings
Your Family Office Business ManagementSelect Client Specializations
Business Owners Executives Professionals Institutions – OCIO SolutionsYour Family Office
The Colony Group is reimagining the “family office” for clients. Once only available to the wealthiest families, you now have access to our collection of distinct, selective family office services—all in one place and delivered by a coordinated team of financial specialists.
- Wealth Management
- Investment Strategies
- Sustainable Investing Solutions
- Tax Planning
Business Management
Entertainers, athletes, executives, business owners, family enterprises, and non-profit organizations choose The Colony Group to manage the accounting and financial details that come with their great achievements. Explore a rich array of business management services to help keep you on track and in control of your business and personal finances.
- Business Management: Entertainers
- Business Management: Athletes
Business Owners
- Business Transition Planning
From deal structure to transaction value to post-sale lifestyle and family legacy, we have the advice and resources you need.
- Business Management
Business owners know what it takes to run their business, and they choose The Colony Group as their financial engine.
Executives
Executives – corporate, private company, or venture capital – face unique challenges. The Colony Group’s deep understanding of how to navigate these complexities helps you maximize income and the joy it can bring you.
- Maximizing the Rewards
Our team brings years of experience in helping you achieve financial independence. We have answers across equity compensation, investment strategies, risk management, estate and tax planning, legacy planning, and lifestyle enrichment.
Professionals
For over 30 years, we have helped attorneys, physicians, and other accomplished professionals gain control over their finances with the goal to create lasting wealth.
Entertainers & Athletes
-
Entertainers
- Business Management
Our Business Management team specializes in business management, tour accounting and budgeting, royalties and publishing, and tax planning for some of the biggest names in entertainment. Beyond financial concerns, we are your advocate and find solutions for even the most obscure moments that arise in your life.
- Business Management
-
Athletes
-
Coming into sudden wealth can be overwhelming. Our advisors work with athletes and their families, helping to define your values and building sound financial plans to achieve your goals. From rookies to veteran players and life after the whistle, we manage the details for you along your journey.
-
Institutions – OCIO Solutions
- Taxable and Non-Taxable OCIO Solutions
- Retirement Plan Solutions
- Business Management
Core Offerings
Your Family Office Business ManagementSelect Client Specializations
Business Owners Executives Professionals Institutions – OCIO SolutionsYour Family Office
The Colony Group is reimagining the “family office” for clients. Once only available to the wealthiest families, you now have access to our collection of distinct, selective family office services—all in one place and delivered by a coordinated team of financial specialists.
- Wealth Management
- Investment Strategies
- Sustainable Investing Solutions
- Tax Planning
Business Management
Entertainers, athletes, executives, business owners, family enterprises, and non-profit organizations choose The Colony Group to manage the accounting and financial details that come with their great achievements. Explore a rich array of business management services to help keep you on track and in control of your business and personal finances.
- Business Management: Entertainers
- Business Management: Athletes
Business Owners
- Business Transition Planning
From deal structure to transaction value to post-sale lifestyle and family legacy, we have the advice and resources you need.
- Business Management
Business owners know what it takes to run their business, and they choose The Colony Group as their financial engine.
Executives
Executives – corporate, private company, or venture capital – face unique challenges. The Colony Group’s deep understanding of how to navigate these complexities helps you maximize income and the joy it can bring you.
- Maximizing the Rewards
Our team brings years of experience in helping you achieve financial independence. We have answers across equity compensation, investment strategies, risk management, estate and tax planning, legacy planning, and lifestyle enrichment.
Professionals
For over 30 years, we have helped attorneys, physicians, and other accomplished professionals gain control over their finances with the goal to create lasting wealth.
Entertainers & Athletes
-
Entertainers
- Business Management
Our Business Management team specializes in business management, tour accounting and budgeting, royalties and publishing, and tax planning for some of the biggest names in entertainment. Beyond financial concerns, we are your advocate and find solutions for even the most obscure moments that arise in your life.
- Business Management
-
Athletes
-
Coming into sudden wealth can be overwhelming. Our advisors work with athletes and their families, helping to define your values and building sound financial plans to achieve your goals. From rookies to veteran players and life after the whistle, we manage the details for you along your journey.
-
Institutions – OCIO Solutions
- Taxable and Non-Taxable OCIO Solutions
- Retirement Plan Solutions
- Business Management
Boca Raton, FL, Office Client Access
Boston, MA (Broad Street), Office Client Access
Calabasas, CA, Office Client Access
Concord, NH, Office Client Access
InterOcean Capital Client Access
New Canaan, CT, Group Client Access
Newton, MA Office Client Access
New York, NY Office (NPAM) Client Access
- Asset Management Portal
Boca Raton, FL, Office Client Access
Boston, MA (Broad Street), Office Client Access
Calabasas, CA, Office Client Access
Concord, NH, Office Client Access
InterOcean Capital Client Access
New Canaan, CT, Group Client Access
Newton, MA Office Client Access
New York, NY Office (NPAM) Client Access
- Asset Management Portal
In a world of uncertainties, protecting oneself against unexpected financial burdens is paramount. Insurance offers a safety net, but have you ever considered an alternative approach known as self-insurance? Self-insurance involves assuming responsibility for potential losses or damages rather than relying on traditional insurance policies. While it may not be suitable for everyone, self-insurance presents several compelling reasons why individuals might choose to embrace this proactive strategy.
- Cost Efficiency and Long-Term Savings: One of the primary reasons people opt for self-insurance is cost efficiency. Traditional insurance policies come with premiums, deductibles, and potential rate hikes. By self-insuring, individuals can avoid paying premiums altogether, eliminating recurring expenses. This approach allows them to retain control over their financial resources and allocate funds more effectively. Self-insuring can be a wise financial strategy, particularly for individuals who have the means to set aside funds consistently. Over time, these accumulated savings can create a robust emergency fund or serve as a dedicated pool to cover unforeseen expenses.
- Enhanced Control and Autonomy: Self-insurance offers a sense of control and autonomy that traditional insurance may lack. Instead of relying on insurance companies to approve claims or determine the course of action, self-insured individuals have direct control over the claims process and decision-making. This level of independence can streamline the resolution of claims and avoid potential disputes or delays.
- Reduced Administrative Burden: Traditional insurance often involves extensive paperwork, policy renewals, and ongoing communication with insurance providers. Self-insurance minimizes administrative burdens by eliminating the need for complex paperwork, negotiating coverage terms, or dealing with intermediaries. The simplified nature of self-insurance allows individuals to focus on managing their risks without getting caught up in the insurance process.
While self-insurance may not be suitable for everyone, it offers compelling pros for those willing to assume the financial risks themselves. The cost efficiency, flexibility, and control associated with self-insurance provide individuals with an alternative approach to managing their risks. By carefully assessing personal circ*mstances and financial capabilities, individuals can make informed decisions about whether self-insurance aligns with their needs. Consulting with a qualified insurance professional or financial advisor can help individuals make informed decisions based on their unique circ*mstances and risk tolerance.
Read Part 2: The Cons of Self-Insurance here.
