The Family Wealth Alliance has debuted a company called the Alliance Security Council. The new venture offers a three-step process - education, assessment and action steps - to private families and the firms that serve them in 10 areas of threat categories.

“We formed the Alliance Security Council because we hold three beliefs,” said Thomas Livergood, the company’s president and chief executive of The Family Wealth Alliance. “Our first principle is that private families face significant risks and second is that informed families are able to guard against known as well as unforeseen risks. Our third belief is that enlightened families value a trusted resource that brings it all together.”

The Council also provides to subscribing member families access to vetted expert firms, as well as options such as security alerts and risk assessment scores.

Livergood, Paul Viollis, chief executive and co-founder of New York-based Risk Control Strategies and Jim Kane, president of Hub International Personal Insurance, first discussed the idea for the new organization several years ago. In September of 2009 the three brought the idea to the Alliance’s Advisory Council. They proceeded to work with a broader group of chief executives, which culminated in a meeting in May of 2010 that represented 10 risk disciplines.

The 10 areas of risk are: personal, privacy, physical, medical, collections, staffing, sustainability, reputation, enterprise and philanthropy.