Family-owned business leaders, who are responsible for nearly 70% of our GDP, face a unique set of challenges as they plan for future generations. Financial and legal expertise alone is necessary, but it is NOT sufficient. A holistic approach—one that combines multidisciplinary...
The Evolving Role of Family Offices
The goal of every family office is the same—to serve the financial and capital needs of current and future generations. However, the process is changing. We will always require attorneys and wealth advisors to “stay in their swim lanes” and...
Recently, I attended the Purposeful Planning Institute’s 2023 conference with 240 people from over 20 disciplines. Most were wealth advisors, estate attorneys and business psychologists (like me). All struggled to answer the question, “What is family capital?”
Economists...