A fourth-generation business-owning family decided to diversify its portfolio of assets. Everyone was on board—and excited for this new stage. But then came the challenges.
Some family members wanted to maximize returns, while others wanted to preserve capital. What started as simple disagreements transformed into full-blown arguments that nearly ripped the family apart.
What saved the family from dissolution? A family investment policy. As families grow and perspectives diversify, it’s critical that families establish shared values. But agreeing on the shared values isn’t always enough to guarantee long-term success and harmony. That’s where the family investment policy comes in.
This article digs into the family investment policy—and how it can benefit your business-owning family.
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