Family Governance and Leadership Succession

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The 2016 Global Entrepreneur Report: The Emergence of the "Millennipreneur"
Bank of the West
Under 35s are creating more companies, with higher headcount and greater profit ambitions. They show strong interest in the new economy, but not exclusively, and prefer diversification across their
Smooth Transitions: Three Steps for Wholesaler Succession
Bank of the West
Over the next 15 years, the youngest of America’s Baby Boomers will turn 65, and waves of small business owners across the country will get ready to cash out. Sales of Boomer-owned small
Taking Time to Teach: Raising Responsible Children Amid Affluence
Abbot Downing
One of the greatest concerns among wealthy parents is that the family’s great fortune might inadvertently lead to misfortune for their children. Raising responsible children in affluence is a
Should We Have a Family Meeting?
Abbot Downing
At some point, most families ask if they should have a family meeting, recognizing the importance of providing a forum for sharing news, concerns, opportunities, and challenges in an open and direct
A Thoughtful Approach To Prenuptial Agreements
Abbott Downing
Families with significant wealth often assume that requiring a prenuptial agreement should be expected, but frequently have questions on the impact the discussion can have on current and future
Managing the Impact of Wealth
Arne Boudewyn, Pat Armstrong, and Jill Shipley
It can be surprising to hear that just 30 percent of families successfully sustain their wealth beyond three generations. The reasons for wealth transition failures are generally personal rather than
Social Media: The New Liability Frontier
According to Socialnomics, more than 58 million Americans use social networking sites several times per day. With this in mind, social media has created a new sense of reality—a reality that its
Family Meetings: Communication, Education and Family Cohesion
Effective communication and cohesion are critical to long-term family success. Family meetings are most successful when they are part of a larger communication strategy. The annual family meeting
Providing Perspective: Five Predictions for the Family Office of Tomorrow
While no one really knows what the future will bring, global research data can provide a perspective on what may become reality. Kirby Rosplock, Ph.D., author of The Complete Family Office Handbook,
The Client of the Future: Advising Millennials
Amy Hart Clyne identified five generational themes and eight recommendations to help family leaders, family office staff, and advisors strengthen their relationships with the Millennials in the