Reflections on working with multigenerational families and family offices on wealth transfer
The International Family Offices Journal
Vol. 6 - Iss. 3 pp. 14–20
In this article I share practical insight into working with high-net-worth individuals, their families and family offices. What are the main challenges and concerns when wealth and/or a family business has been transferred? Complexity of the wealth and the family are determining factors for a tailor-made approach towards soft issues. Later in this article, I elaborate on a three-mandate advisory concept: an expert adviser, facilitator and coach. This concept might give more guidance and connect the dots between hard and soft issues in multi-generational families. I will also describe how 'serious games' are useful tools for expert advisers who work with multigenerational families and family offices.