The 1992 book Men Are from Mars, Women Are from Venus asserted fundamental psychological differences between the sexes. These differences are also reflected in the approach to finance, business and…
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In most places today, people have both a given (or first) name and a family name, but the order of those names is culturally based. Some Asian countries like Japan,…
This is the conundrum of wealth creator parents: they want to raise children to value the hard work that helped them create wealth, but at the same time pass them…
Family philanthropy is the act of a collective rather than an individual. It is rooted in the values of a family, carrying forward its name and legacy, and engaging its…
Most families have them, and all families need them. The trusted non-family members who have worked within the family enterprise for many years. In addition to their formal roles, they…
Research indicates that more than 70% of heirs will fire or change wealth advisors after they inherit. Clearly this poses a huge risk to advisors, but it says a lot…
Q. How much extra financial support should we give our children? A. This is one of the great balancing acts parents need to perform. Too much and kids might end…
The recent Vanity Fair expose of the Ritossa FO conferences gives us pause to reflect on one of the most important sources of value for families: our networks. Our networks…
In many countries, family businesses are a significant part of the economy and an engine room of economic growth. They carry certain attributes that are often a mix of positives…
(no spoilers) There’s a wonderful scene toward the end of the final season of the popular TV series Ted Lasso where team owner Rebecca Welton attends a meeting where a “Super League”…
Family and business makes for a complex mix, essentially because of conflict of interest. At any time, those involved wear a mix of ‘hats’: family, owner and employee. This sometimes…
Family wealth can be a double-edged sword. With few financial burdens or limitations, one can live a very comfortable life, use the family wealth and connections to create almost any…
