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grandparents-value of wealth between generations

The value of intergenerational wealth

The role of family offices has evolved from being an investment platform to guiding the next generation(s) back into the family business. A next-generation development program will help the next generation become good owners and future leaders.

According to HBR, these programs focus on five key objectives:
* business ownership skills and competencies;
* family business principles and
* practical knowledge of the family business’ assets,
* understanding the family history and values; and
* developing personal leadership competencies. by David Werdiger

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