Conducted in partnership with Harris myCFO, this is the third publication in a series of FOX Thought Leaders Programs, and the second study to examine how families with generational wealth can adopt an efftective risk management framework to identify, prioritize, and manage family risks. Prompted in part by reactions to the financial crisis, this publication examines how successful families handle known risks in a proactive manner and even capitalize on unanticipated opportunities that result from a changing environment. While no one can guarantee the future, achieving long-term goals and sustaining wealth over multiple generations requires action. This study outlines the best strategies and techniques for managing downside risk while emphasizing the importance of capturing upside risk for wealth enhancement. It also identifies a management process for families that ensures thoughtful deliberation during times of crisis or uncertainty.