Go Slow to Go Far

Traditionally, wealth advisors use a succession planning framework that involves working with the founders to look downstream to the next generation for an effective “passing of the baton” strategy. In contrast, a multi-generational approach encourages each person within the family system to contemplate and share with others where they’ve come from, what they’ve come with, what they wish to pass on, and what they wish to leave behind. While this approach may appear slow, its focus on discovery of what is at play for each family member will unlock the information—the data, the stories, the values—needed for the advisor to be effective for the family.