The Big Five Wealth Preservation Principles
Overview
Want to know the secret to maintaining family togetherness over generations? A joint FOX and Vrije Universiteit Amsterdam research project has identified five attributes behind family sustainability. We’ll share how more than 350 enterprise families across cultures and generations have developed the necessary principles to have lasting family impact.
Insights and Key Takeaways
Maarten de Groot, Enterprise Family Researcher at Vu Amsterdam University School of Business, and also the CEO of a single family office Eligius, explores why the rate of failure is so high when transferring wealth from one generation to the next.
Over the last four years, de Groot conducted a number of research studies about wealth preservation and tested his findings by looking at over 1,000 global enterprise families, and working more closely with a few hundred of them. He studied multiple kinds of enterprise families – some with legacies going back over 300 years and spanning across 12 family branches.
In wealth preservation, the goal is for the extended family to security monetary prosperity for successive generations. Wealth preservation considers long-term success, well-being of the whole family, and much more than just investment management.