The blog formerly known as 'David Knows'
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The World Of David Werdiger
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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…
