Can you talk about kind of the full spectrum of how they should be thinking about that?

Happy to touch on that, Peter.

And certainly when the term risk management comes up, it swirls up this idea of insurance.

But I think a better way to relate to this is not insurance, it's asset protection.

More specifically, what is an asset? Sometimes it's cash, sometimes it's property.

Sometimes it's a specific person, but it always involves people.

So risk management is really just trying to find ways to protect these things wholly or in part based on an individual's tolerance for loss.

Can you talk about the different maybe checklists, guides, services, procedures, et cetera, that you have developed and utilized in the past and continue to utilize with ultra-convenient clients and their offices that would be helpful to our listeners?

So talk a little bit about these different types of risks and the practical tools you would offer to families to manage these risks.

risks.Certainly, Peter.

Um, when we're asked to consult with a family and really help bolster their wealth management plan, right? That's what we're really doing here, is protecting the downside liquidity.

Um, the conversation really falls into a few buckets, and you ran through them pretty succinctly there.

We've got property, which is related to everything from real estate, cars, planes, boats, collections.

Uh, we've got your casualty.

I refer to it liability, I think is a little bit more of a colloquial term in the private client side, which is just managing any type of incident where you may be alleged to be liable to someone for something like libel, slander, bodily injury, um, even contractual agreements.

You know, what are some of the practical tools you recommend to families and their family offices for their risk management strategy, both creating the strategy and executing the strategy? Can you talk about the different maybe checklists, guides, services, procedures, et cetera, that, uh, you have developed and utilized in the past and continue to utilize with ultra-high-net-worth clients and their offices that would be helpful to our listeners?