From young adulthood to family formation and end-of-life planning, navigating the various stages of family life brings with it unique challenges for families of wealth. By understanding and proactively preparing for the complex issues and opportunities—including knowing how your money story shapes your financial personality and taking a positive approach to prenuptial agreements—families can be in a better position to move forward over the natural cycle of change.
Solutions and Resource Toolkits
For decades, families of wealth and industry experts have turned to the FOX Library and Resource Toolkits for its curated collection of thought leadership, proprietary research, and tools that address their needs and concerns. Here, you’ll find select Resource Toolkits on popular topics—including Enterprise Families, Family Office, Family Governance, and Risk Management—to help families of wealth and their trusted advisors be well informed, prepared, and armed with solutions and expert insights. Download the curated resources and share them with your network for further discussions and planning opportunities.
For more thought leadership and best practices, explore the full FOX Library and the select Toolkits here on the topics of interest:
Resource Search
When wealth owners are asked what challenges them most, their first answer is frequently, “helping my children become productive adults.” Preparing children for both the opportunities and responsibilities that come with wealth is not easy, but those who have committed to family learning and educating the next generation will tell you that the return is well worth the investment.
Although high-net-worth families and individuals recognize the importance of instituting formal family governance structures, doing so presents a complex task. For families who are committed to creating a flexible and durable system of governance, the benefits are lasting.
There's a structural, philosophical, and cultural transformation taking place with the family journey. It's a paradigm shift toward an enterprise mindset that better balances managing the family's financial capital and nurturing its other capitals, especially the well-being of its members. Learning from the collective perspectives through the years and the forward-thinking practices gathered here, families who build from their strong foundation of success and values will continue to thrive and flourish across generations.