Every family has conflict, of course, but a family business can’t operate without family dynamics. The family is always present.
That’s not necessarily good or bad for the business, but it must be recognized because it has the extraordinary potential to destroy more value than ordinary conflict.
If the business fails, the family does, too.
Trust is foundational to building strong relationships and achieving results. Without trust, family dynamics in the business will create failure. With trust, the small issues that pop up become easily fixed; big issues become opportunities to work together to solve. When the family has immense trust, it unleashes tremendous potential—both for the family and for the business.
The Family Wealth Library provides the information, training, education, and conversation that allows families to rebuild trust to become stronger and healthier so the business can flourish across multiple generations.
After thousands of late nights, missed family events, and sleepless weeks, months, or even years, we’ve built businesses that will outlast us. With the information found here, we can protect our vision and create an even brighter future.
We have grown up in the presence, and sometimes even the shadow of our parents and they can often be a tough act to follow. While they may still control the family’s financial capital, we hold the future. We are the transformers. We can build the life we dream and still build upon the founder’s dream.
We have a foundation of family wealth, but family dynamics may be getting in the way of building on that foundation. It’s up to us to build off what we have, and make it safer, longer-lasting, and more meaningful for us and future generations.
Family Wealth Library was created after seeing the dynamics of wealth, rivalries, and generational disputes tear apart families. While many people are concerned with the fiduciary and investment issues, few are concerned with managing family dynamics. Both are important.
By bringing together the world’s top wealth management firms and family business consulting groups to curate and create information families need, families and businesses will not just survive but thrive. We have created a living library of cutting-edge advice from across all disciplines. Keeping families connected, and building the value of that connection, across generations is more than a mission—it’s our passion.