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Just as government and businesses require sound governance to do their work well, so too do families—and their philanthropy. The Family Governance Pyramid provides a model and framework for philanthropic families that is even more relevant and necessary today than when it was first introduced nearly two decades ago. This article by the National Center for Family Philanthropy provides some perspective on why, and how, families can apply this model to their family and philanthropy, for the good of all.

While insurance may not be top of mind as you go through life’s changes and challenges, it is a critical tool to help keep your family and assets safe. By minding your insurance gaps and working with a knowledgeable agent and reputable carrier in identifying your unique risks, you can assure your family has the protection it needs.

As no two families are alike, there is no one singular approach to family education—the cornerstone to a thriving, lasting legacy. The structure, topics, and educational methods all depend on the needs, wishes, and preferences of the family members. As you develop your rising generation education strategy, considerations should be made around the establishment of a solid foundation, forum and format, and taking a gradual approach.

In today’s investment environment, family offices require full investment capabilities to achieve the returns required by wealth owners. As there are many non-investment activities happening in a family office setting, the build or outsource approach to investment resourcing should include saving on both the costs and time associated with running an in-house investment company. Other key points should also be considered.

A family office is more than a cost-effective solution to managing great wealth. When done properly, it provides customized services and support that fosters a shared experience of wealth stewardship. Establishing a family office should be approached the same way as creating any other successful business: start with a good plan.

Ever wonder if a multi-family office is right for you? In this podcast episode, Tolleson Wealth Management's President Richard Joyner answers that question. He also shares the trends he sees in the family office space.

The risk landscape has shifted, and one thing is clear: Organizations must be resilient. Whether an organization faces a sudden event that strikes with little warning, or a risk that emerges over time, the preparation needed to achieve resilience is the same. Four key steps and behaviors are provided to help businesses become more resilient while balancing risk with reward.

This issue brief examines the kinds of decisions that family foundations often face and sets out practical, easy-to-apply guidelines for ensuring that the foundation’s decision-making methods vary appropriately, as conditions and circumstances change.

Recent government spending and loose monetary policy have raised near-term inflation concerns for investors and asset manager. While inflation has not been a meaningful factor since the 1980s, rising inflation expectations could result in negative impacts to investors as a result of diminishing real returns.

Wyoming is one of two states that permits both chartered, or regulated, and unchartered, or unregulated, private family trust companies (PTCs). This guide reviews important considerations and processes related to Wyoming chartered PTCs—including common reasons that families choose a chartered PTC and the procedure for establishing a Wyoming chartered entity.