Family Governance and Leadership Succession

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Why the Great Wealth Transfer Is More Like the Great Wealth Trickle
Pitcairn
There’s no denying that the looming transfer of wealth will be great—the largest in history. However, for all the hype and years of coverage, the Great Wealth Transfer is more like the
You Can't Always Get What You Want: Talking with Children About Wealth and Entitlement
Kelly Arrillaga and Anna Howard, First Republic Private Wealth
Many wealth management clients often encounter the same issue—they want to know how to prevent their children from becoming entitled. Specifically, they’re concerned that their children
Strengthen Your Family Business With a Family Governance Plan
BNY Mellon Wealth Management
Most family businesses take on the characteristics of their founder or founding family, especially in their formative years. As the company grows, the family expands and the founder begins to
How to Make a Family Business Last Generations
BNY Mellon Wealth Management
Thomas Calandra, who is in his mid-twenties, is the owner of Calandra Enterprises. At least that’s how he introduces himself to customers and clients of the bakeries, hotels, and restaurants he
Get the Most From Your Board of Directors
BNY Mellon Wealth Management
A board of directors is more than just a legal formality that meets four times a year. When used to its full potential, a well-designed board can help you grow your business, serve your
Wealth and Wisdom Across Generations
Northern Trust
Talking about wealth is every bit as important as creating a technical wealth plan—if not more so. Preparing a wealth transfer plan without helping your loved ones understand how to manage
Family Meetings
Northern Trust
Wealthy families usually have extensive shared assets that are designed to grow and be passed down through multiple generations. As the family enterprise grows (family business and/or the family
Developing a Family's Values, Vision & Mission Statement: "The Cornerstone Statement"
Northern Trust
Families who successfully navigate the complexity of wealth through multiple generations tend to do things differently. These families recognize the need to establish a framework for decision-making
Be the Architect of Your Family's Story
National Center for Family Philanthropy
National Center for Family Philanthropy recently spoke with Bill Leighty about how he’s helped keep the Leighty Foundation’s memories alive by recording its history. While many
Breaking the Silence: The Power of Effective Family Communication
Cresset
Families blessed with significant financial resources can make an amazing and long-lasting impact on the world. But that wealth can also lead to disagreements, grudges, and hurt feelings. Trying to