The Importance of Family Unity in Sustaining Wealth

Foster strong and effective communication, and build trust between generations


In 2009, Family Office Exchange conducted a “perceived risk” study in which they asked clients, “what are the most critical risks facing your family?” The vast majority of the respondents cited poor planning and investments. Just 7 percent considered family dynamics as a risk factor.

Unfortunately, this is one of those instances where the conventional wisdom has it all wrong. A study, reported at about the same time, by respected author/advis

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