How does a family know when they are evolving from a family business into a family enterprise? When the collective activities of the family grow beyond the boundaries of the original business, there is evidence of an emerging family enterprise. The evidence appears gradually over time - when a...

Whether you already have wills, trusts and other estate planning documents in place or need to have them created, there are a number of priorities to consider as you move forward with the legacy planning process.Here are six steps that may be appropriate for you to complete as you consider the ongoi...

If you have you been invited to a family business conference recently or picked up an educational piece on family wealth, you will have noticed the focus placed on next generation development. In particular the 3 E’s of entrepreneurship, education, and engagement. These are important topics, around ...

Eighty percent of family office employees received a salary increase in 2013, according to our latest benchmarking study, "Family Office Compensation & Benefits." The median reported increase was 4%, up from the 3% consistently seen since the 2008 onset of the great recession. A majority of...

If you’re familiar with Greycourt & Co. Founder Greg Curtis, you know that his blog is always a good read. His recent series on common mistakes families make investing after a liquidity event is especially compelling. Curtis notes that businesses tend to sell when the market is at its most overp...

While process was at the forefront of this year’s Forum, the most poignant moments of the event dealt with why families stick together — the beliefs and values behind all of the how-to discussions. Bestselling author and Founder of Empower Wealth LLC Lee Brower touched on this issue on the firs...

We recently held our annual Fall Forum in Chicago. This year’s theme was “The Butterfly Effect,” which reflects the theory that a change as subtle as the flap of tiny wings can profoundly change the world. The same can be said about the family enterprise. Every choice you make (or don’t ...

Many families have managed their wealth for generations and have healthy, productive and successful sixth- and seventh-generation family members to show for their efforts. What are the secrets of their success? One commonality we’ve seen in our more than 20 years of serving families is they’ve made ...

The following insight is a contribution from TriState Capital, a Thought Leaders Council member of the Family Office Exchange.Let’s look at the overall economy so far in 2013. We have:A soaring stock marketA housing market that is recoveringDeclining unemploymentGDP growthFavorable credit marketsThe...

The following blog post is a contribution from TriState Capital, a Thought Leaders Council member of the Family Office Exchange.Early Monday morning an email is sent to you from a client. He is overseas. His wallet has been stolen. He has no way of getting home. In order to a...