Family Learning

Overview

When wealth owners are asked what challenges them most, their first answer is frequently, “helping my children become productive adults.” Preparing children for both the opportunities and responsibilities that come with wealth is not easy, but those who have committed to family learning and educating the next generation will tell you that the return is well worth the investment.
 

Family Learning

 

Where To Begin

FOX has created the Family Learning Handbook as an evergreen resource to arm families, family office staff, and advisors with concepts and practical ideas to encourage and foster family learning.

FOX Learning Handbook

Like many things, when it comes to family education you’ll be most successful if you begin with the end in mind. 

  • What are the goals of the family and how can education help support these goals? 
  • What key skills do family members need to develop? 
  • What behaviors do you want to encourage? 
  • What values do you want to instill? 

While the answers to these questions will vary from one family to another, here are some of the key skills and concepts that members of every enterprise family should master: 

  • understanding of family virtues, values, and history; 
  • basic financial literacy (e.g., income statements, balance sheets, personal accounts, and the skills of saving and investing); 
  • an awareness and understanding of legal duties and rights as individuals; and 
  • an ability to make competent decisions in tandem with financial advisors.

 

Curated Resources and Learning Programs

For members of the FOX community, the curated resources here are part of the Family Learning toolkit—which includes a brief overview and access link for each listed resource—that can be downloaded for future reference and further review with your family members and trusted advisors.

 
Family Engagement in Learning
Financial Education
Learning Program Design
Rising Generation Education
Responsible Ownership Education
Family Leaders Development
Personal Development
Career Planning
Family Learning Tools, Templates, and Recommended Books
  • FOX Member Templates, which include sample family education presentations—such as “Making the Case for Family Education” and “Understanding Responsible Ownership”—and other tools and illustrations to help meet your family learning needs. 
  • Recommended Books on select topics that include family learning, investment management, family philanthropy, and more to help meet your family learning goals. 

For more expert insights and guidance on other topics of interest, explore the full collection of Resource Toolkits.

Solutions and Resource Toolkits

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