Russ Alan Prince has provided confidential consulting to numerous, very select, wealthy clients and their advisors during the course of his career. The following is a representative list of the pioneering and customized solutions he delivers for his clients.

Family Office & Hedge Fund Compensation

• Converted a multi-family office from a retainer-based compensation system to a contingency fee and project-based compensation model, helping to double the number of new families with assets in excess of US$100 million in less than 24 months.
• Developed a contingent compensation model for a single-family office with US$1.8 billion under management, enabling ordinary income to be converted into capital gains. Additionally, the model used a captive insurance company as part of the solution helping the family to achieve prescribed benefits, including closer alignment between the wealthy family and the Executive Director, the COO/CFO and the Chief Investment Officer.
• Implemented a contingent compensation structure for a US$6.1 billion hedge fund to retain and reward key employees. The structure enables the key employees to profit as the hedge fund profits but does not provide ownership in the management company. Additionally, 80% or more of the payments to the key employees are taxed as either capital gains or dividends as opposed to ordinary income.
  

Risk Management & Wealth Enhancement

• Worked with a multi-family office and a private client capital markets specialist to assist their affluent clients in leveraging their hedge funds investments to mitigate risk while achieving greater returns.
• Developed the negotiation protocols for a hedge fund to use when entering “private agreements” with single-family offices and large family-owned businesses. With the protocols in place, partnered with a team of private client tax attorneys to implement the private agreements allowing the firms to obtain liability insurance unavailable from traditional sources.
  

Business Structure

• Assisted in the creation of a Celebrity Family Office by integrating the roles of a traditional business manager and a classic family office with a suite of exclusive services geared to the needs and wants of affluent celebrities.
• Restructured a US$900 million single-family office into a US$3.3 billion multi-family office and developed the operational systems and processes for the transition. Assisted in repositioning the firm, including the integration of international advanced planning expertise and extreme lifestyle services into the existing portfolio of services.
  

Growth Opportunities

• Facilitated the creation of a unique US$9 billion investment fund as a joint venture between two “fringe” multi-family offices collectively managing more than US$36 billion.
• Provided one-on-one coaching services to the senior partners of a US$4.2 billion hedge fund on the execution of an 18-month fund raising initiative. With an additional US$800 million from high-net-worth investors under management, subsequently worked with a private client tax attorney to restructure the management company to ensure preferential tax treatment of incentive fees, and implemented an estate planning technique to freeze the value of the firm and mitigate the future estate tax obligations of the partners.
  

Asset Protection

• Collaborated with an advanced planning specialist, a divorce attorney and a private client lawyer to help a hedge fund partner protect her assets in advance of a divorce. Under extremely tight timeframes, all equity stakes (including her share of the management company) was protected using bright line transactions, and inaccessible to the ex-spouse.
• Designed and implemented a “floating island” asset protection strategy with an advanced planning specialist and an international tax attorney for a billionaire allowing assets to move between tax jurisdictions based on a set of algorithms. Additionally, a series of tax-arbitrage strategies that capitalize on the floating island strategy were developed to decrease his international tax obligations by more than 70% in each of three successive years.