Going Beyond Numbers for Families of Wealth: A companion to Go Beyond Numbers: Surprising Discoveries About Success Businesses
How can we make sure that we protect the wealth accumulated from these younger generations so that it is preserved for many future generations?
This is the guiding question asked by most families of wealth and their advisors. But it is also the wrong question. It assumes that the health of a family is determined by its financial capital. It is a question that is only about numbers.
When a family places its primary focus on the bottom line, its long term, health financial and otherwise, will be compromised. In fact, when it comes to the softer, more emotional side of a family, money can be part of the fix, it is seldom the fix in and of itself. In fact, money is often part of the problem.