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When it comes to the family, dynamics are changing. There is no longer one dominant family form in the U.S., according to Pew research. Parents are waiting longer to have children, and many millennials are living at home or taking a less direct route to adulthood. These shifts will continue in 2019 and shape how affluent families tackle interpersonal issues. As wealthy families move forward, there are three trends they should keep a close eye on and discuss with their family office or other advisors.

With a seemingly infinite amount of performance data points and varying degrees of investor knowledge among stakeholders, it can be difficult to determine the reporting requirements for each group. In order to establish appropriate reporting criteria, it is important for managers to understand where stakeholders fall along the spectrum knowledge. Once this measurement has been established, managers can focus on the creation and optimization of individualized performance reports, which can be customized to cater towards each investor’s understanding.

The Internet has bought connection, communication, and efficiency to the business world, including family offices. However, conducting business online without proper security and knowledge of risks can endanger the family and its data. The right level of expertise, planning, and effort is required to safeguard sensitive information. It is an organizational effort, but employees and family members also benefit from using best practices to protect personal information online.

The reality today is many companies have relied too much on conducting just a cybersecurity compliance checklist assessment and framework. While compliance with government and industry documentation standards is good, it is not sufficient, nor does it ensure real information security. Organizations need to take appropriate action both before and after a cyber data breach to mitigate the potential negative impacts and optimize business performance results.

Your organization’s people strategy should align with your business strategy, and every people-related initiative should result in something that your customers value. Knowing how to find the right people and get them to want to work for you and stay is the secret to competitive advantage. Leverage your human capital and take advantage of these tips to keep your employees engaged within your organization.

Having a good cyber risk management program in place might help a company prevent some breaches. But more importantly, when a breach does happen, it can help companies get back on their feet faster and mitigate financial and reputational damage. How do you know whether your company is doing what it should to address the risk and become cyber resilient?