Description
Strategy for the Wealthy Family provides a clear framework for highly informed strategic management of the family, the family business, the family’s financial assets, the family’s trust and tax management activities, philanthropic activities, risk factors and the family’s surround ecosystem of institutions, advisors, friends and influencers. It also provides an approach to ensure the important individuality of all family members is fully reflected in every aspect of strategy for the greater family. Defining true family wealth as far more than pure financial capital, Strategy for the Wealthy Family sets out insights and information to help you grow, protect, transfer and share all aspects of your own family wealth successfully across future generations. Ultimately, this is a book for those who wish to understand and manage their own family wealth to join the club of the world’s best-managed wealthy families — and stay there.
Sample Chapter(s)
Contents:
- A Framework for Family Strategy:
- The Elements of Strategy
- Defining True Family Wealth
- Categories of Financial Wealth and Their Implications
- Evolution Across Generations
- Process and Content of Family Strategy
- Family Organization and Leadership:
- Family Identity, Vision, and Values
- Organization, Governance, and the Family Constitution
- “Heir Conditioning”: Preparing the Next Generation
- The Family “Eco-system”
- The Family Office
- Private Banks, MFOs, and Elite Family Investment Managers
- Family Leadership and Engagement
- Family Wealth Preservation:
- The Lessons of Risk and History
- Financial Discipline and Distribution Patterns
- Tax Management and Asset Structuring
- Establishing and Managing a Trust System
- Estate Planning and the Ethical Will
- Risks to Family Wealth and Wellbeing
- Family Wealth Management:
- The Wealth Management Process
- Investor Profile and Objectives
- Strategic Asset Allocation
- Tactical Selection of Investments
- Risk and Cost Management
- The Family Business:
- The Importance and Performance of Family Businesses
- Family Issues in Business Strategy
- Strategic Success for a Family Business
- Managing the Family in a Family Business
- Family Business Role in Family Wealth Management
- Effective Philanthropy:
- The History of Generosity
- New Philosophy and Approaches to Philanthropy
- Practicalities and Benefits of Family Giving
- Living a Truly Wealthy Life:
- Mastering the Individual Challenges of Family Wealth
