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For many wealth creators, amassing wealth took a lot of work, but passing down the knowledge and tools to the next generation for successful wealth transition can be an even bigger challenge. Wealth creators may not know how to start or know the best approach. Through an infographic and video, learn the best ways to pass down the knowledge and tool...

In a perfect world, parents would have a well-thought-out plan for wealth transfer, explain their intentions, and help their heirs learn their roles and responsibilities. But life doesn’t always unfold in an orderly way to provide such a roadmap. Sometimes, inheritors may need to step in to play a more active role so they can empower themselv...

Governance is a word often misunderstood by families and family offices, but it is essential for a long-lasting family legacy. Strong governance establishes a process for decision-making and conformity within a multi-generational family to promote communication and strengthen unity, helping to preserve wealth and solidarity for future generations. ...

The unprecedented speed, intensity, and uncertainty of COVID-19 has created a host of new and complex challenges for wealthy families that are playing out across both financial and family dynamics. There's no doubt it is a financial and business challenge, but it is also a very human one. To assist family office leaders and the families they su...

The COVID-19 pandemic presented the entire world with unprecedented challenges. Although it may be uncomfortable to contemplate, the reality of the growing necessity of funeral planning presents family offices with a sudden and unexpected series of events that must be faced.

In this episode, Amy speaks with Dr. Dennis Jaffe, an organizational consultant, clinical psychologist, and one of the leading thinkers on how multi-generational families can enhance governance and empower next-generation leadership. Dennis and Amy talk about the impact of the coronavirus pandemic and how the uncertainty in today’s world play...

Leadership succession is perhaps the most uniquely challenging issue a family faces. It transcends the business of wealth management to touch on personal issues of family dynamics and engagement. It is for this reason that you need a clear, transparent and understandable plan for making a change in leadership, one that helps you balance preserving ...

Family leaders are finding that to cultivate family members’ interests, talents, dreams and careers to their fullest potential, they need to constantly develop new strategies, new roles, and new understandings. Ann Dugan of the Institute for Entrepreneurial Excellence and Pitcairn Chairman Dirk Jungé led this 2012 FOX Fall Forum session that d...

As the baby boomers retire, many family office and multi-family office executives in key roles who have served the same clients for years will be leaving their roles. This change has significant implications for family members who lean on these leaders for insight and comprehensive knowledge of the family’s interests, advisors who look to them to c...

The trustee and beneficiary relationship has great potential to be personally rewarding for both parties. It can also be very challenging. The path for success starts with some crucial conversations about what’s involved in the trustee role. This 2012 FOX Fall Forum session looked at the critical steps grantors, beneficiaries and trustees must...

Even if you are not yet ready to share the family's wealth numbers, communicating your intentions to the next generations promotes family harmony and is a best practice for successfully sustaining and transferring family wealth. It may also be time to schedule a family meeting for this purpose. There is no right way to conduct this meeting, bu...

Getting divorced is not only a highly emotional, it can also be complicated and challenging. Depending on your life stage, your family situation, and your life priorities, there will be different financial considerations. Whether you are financially savvy or have little experience in handling your finances, you will benefit from working through you...

“History never looks like history when you are living through it.” (John W. Gardner) ... Future histories of the 2020 COVID-19 pandemic will draw heavily on the stories we preserve now. From social distancing to virtual classrooms to Zoom fatigue, every day tests our resilience and resourcefulness—much as World War II and the Grea...

Beginning with the story of an older brother receiving a credit card to purchase a bike, his sister sets out to learn more about the basics of borrowing. She has seen her parents use credit cards, but the truth was, she didn't really know much about them. Through questions and examples, she explains how it works.

Most teenagers have heard that investing early in life is a way to build wealth over time. They've most likely heard that buying stocks is a common way to invest. In this video, they learn what stocks are and how they are sold and purchased. They will also discover the benefits that stocks offer to investors.