Your family has transitioned out of the business. The transaction is complete. And the liquidity event is behind you. Now comes the harder part: deciding what to do next. Most families immediately turn to a family office to manage their new wealth. But before you do this, it’s worth taking time to reflect.
There are four voices to consult first.
Start with the voice of your head. It’s logical, data-driven, and strategy-oriented. You’ll have plenty of advisors prepared to help you optimize and grow your capital. But there’s a catch: When you follow only the numbers, you risk losing the soul of your wealth. You have to ask yourself: What’s all this wealth for?
Read “Single Family Offices: More than Numbers” to learn how the heart, gut, and soul can further guide your approach to managing your wealth.
Read about how to manage your wealth after a liquidity event here.
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