Family enterprises possess a broad range of resources that go beyond financial capital. These resources encompass intangible assets such as the education of family members, networks of influence, and deeply ingrained family values. The …
The saying “wealth never survives three generations” has long shaped discussions around family businesses. Often referred to as the "30-13-3 rule," it suggests that only 30% of family businesses survive into the second generation, …
Exceptional families understand that having the right advisors can significantly enhance their ability to achieve long-term success. Advisors who possess the right capabilities and the necessary overview can guide family businesses through the complexities …
Motivating adolescents to reach their full potential is one of the key elements of the longevity of a family business and successful wealth transfer. Parents play a crucial role in this process by fostering …
In Family Businesses "family blockholder conflicts" — tensions within groups of family owners — often necessitate sophisticated management approaches. "To curb family blockholder conflicts, families often separate the family from its assets and install …
Governance in family offices involves the systems, processes, and policies that define the interaction between the family sphere and the business sphere, which then extends to other stakeholders, like non-family executives, employees and regulators. …
In the competitive global economy, Family Businesses stand as bastions of endurance and legacy through the ups and downs of market dynamics and generational shifts with a unique blend of tradition and innovation. Today …
In our last article, we examined the key findings of the latest benchmarking survey by Northern Trust and the Wharton Global Family Alliance to see how these entities are navigating geopolitical and economic uncertainty. …
In an era where digital advancements have revolutionized the way we manage wealth, cybersecurity has emerged as a critical concern for family offices. The sensitive financial information and substantial assets managed by these entities …
In the ever-evolving digital landscape, the static approaches of yesteryears to information technology (IT) infrastructure in family offices stand challenged. While Kirby Rosplock's The Complete Family Office Handbook offers profound insights into IT considerations, …