Considering that it is estimated that 90% of affluent families lose their wealth by the third generation, a proactive approach is needed to tackle the inevitable obstacles that family businesses will encounter with succession and inter-generational wealth transition. Family offices should therefore gain a clear understanding of the challenges and risks they may face and learn how to manage and mitigate these.
This book provides practical and theoretical tools – economic principles, case studies, and solutions that guide families to communicate amongst themselves and to cope with internal friction before it becomes too late and regrettably expensive.
The author brings to this book all his vast experience in working with families, managing financial portfolios, and private banking, providing the reader with advice for successfully handing down both personal values and economic assets to subsequent generations.Considering that it is estimated that 90% of affluent families lose their wealth by the third generation, a proactive approach is needed to tackle the inevitable obstacles that family businesses will encounter with succession and inter-generational wealth transition. Family offices should therefore gain a clear understanding of the challenges and risks they may face and learn how to manage and mitigate these.
The author brings to this book all his vast experience in working with families, managing financial portfolios, and private banking, providing the reader with advice for successfully handing down both personal values and economic assets to subsequent generations.