The Meaning of Wealth in the 21st Century
Overview
The start of the 21st century saw the emergence of a global industry of family office and family wealth practitioners. Undoubtedly, this industry existed in previous centuries, but never on the global scale of recent times. The findings from this research show that families are learning from the best practices identified by family wealth specialists. They also show that families are moving beyond an objective of wealth preservation alone, and are finding new purposes for their wealth that in turn give meaning to wealth ownership for each new generation.