Entrepreneurial stewardship is the key to perpetuating family wealth through multiple generations. Stuart Lucas and David Lansky discuss some of the paradoxes of maintaining a healthy, wealthy multigenerational family and how to address effectively these paradoxes.
Why is an American who has spent over a quarter century managing financial assets for his family cautioning you against selling your family business? The author urges you to think twice before selling your business.
By moving beyond traditional measures of investment return and applying a benchmark to gauge the performance of an allocation, investors can determine whether: the selection of various asset classes in the allocation outperformed the broad market, any allocation decisions in the portfolio need to be reviewed, and a long-term decision made in the portfolio is having a short-term effect.
Changing client behaviors are having a big impact on the levels of service and communications High Net Worth Investors (HNWI’s) expect from their wealth manager. This report details some of the key expectations of today's wealthy investors.
In this issue of Global Foresight, entitled "Re-born in the USA," Rockefeller & Co. takes a close look at the prospects for the U.S. dollar, challenges in emerging markets, opportunities in fixed income, and increasing U.S. energy production. David P. Harris, CFA, Chief Investment Officer, focuses on the varied implications of a stronger U.S. dollar and discusses Rockefeller’s general outlook for managing to a long-term strengthening dollar. Jimmy C.
The current interest rate environment has created an unusual opportunity to maximize life insurance cash values.
This issue of FourThought explores the questions which arose for a multigenerational family — questions about ultraluxury travel, private aviation, emergency medical care, and personal security — as they planned a trip to Tanzania for a safari on the Serengeti Plain. In a trip designed personally for the family, each element of the trip has been tailored to the requirements of all three generations as they travel together.
Purposeful travel is using travel as a shared family experience designed to strengthen the family's common purpose. There are endless opportunities for a family to engage in purposeful travel without at the same time holding a family meeting.
PWC presents findings from the 20th anniversary edition of the Global Private Banking and Wealth Management Survey. The study looks at industry performance, markets, clients, products and services, human capital, operations, technology, risks, and regulatory challenges. Key findings include:
The vitality and longevity of a mature family enterprise depend on three key value drivers: the family economic engine, including both business and financial assets; the family itself, its culture and members; and “leakages” that include both cash flow management and estate planning.