A new, more comprehensive approach to long-term family wealth
management
More Than Money provides a high-level, integrated approach to
preserving both financial resources and family harmony. Research has
shown a failure rate of 70 percent in long-term multigenerational wealth
management, and contrary to popular assumption, only five percent of
that failure is due to bad investment, poor tax planning, or inadequate
performance by legal and financial advisors. The number-one reason
family wealth management fails is the family itself; poor communication,
lack of trust, divergent visions, and a failure to prepare succeeding
generations will tear down the resources the family has worked so hard
to build. Traditional wealth management cannot fix this. Instead, this
book offers a fresh approach that integrates strategic and tactical
wealth management to align the family's assets with the family members.
With helpful tools and advice drawn from a real-world understanding of
family complexities, you'll improve your ability to preserve your
family's resources over multiple generations.
With an expert's perspective on the real forces behind successful family
wealth management, this book provides a clear model and a practical
roadmap for long-term financial preservation.
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Develop a shared family vision and mission
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Improve communication and trust among members
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Merge strategic and tactical planning
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Ensure the longevity of your family's wealth
The wealth management sphere tends to focus on taxes, investments,
banking, and estate planning, but little thought is given to the people
themselves--this overlooks the fact that individual family members are
the most critical factor in multigenerational wealth management, and
fails to provide solutions. More Than Money merges traditional
strategies with family dynamics, communication, governance, and
preparation to help your resources last for generations to come.
