Resources & Research

Insurance, insurance, insurance! When investments are in place and everyone is focused on managing the portfolio with a joint sense of purpose, there are still a few planning details that need to be finalized to secure a family’s wealth. One of these is insurance.

Family wealth is hard to acquire and highly prized - but it can be just as easily lost if no agility is added to the equation. With the possibility that an affluent family may find itself going from ‘shirt sleeves to shirt sleeves in just three generations’, according to the famous adage. Why should this be the case?

Managing family wealth is a complex balancing act that requires the agreement and co-operation of multiple generations over many years, and in most cases women take responsibility. From daily routines to long-term planning, they carry family values and family protection in their heart, and that gives them an undeniable advantage.

Succession planning is important in sustaining the family legacy - but to ensure that future generations are fully protected, an appropriate legal structure is absolutely vital. Like it or not, but without secure succession plans, a family has no guaranteed future and the risk increases of a gradual separation that can lead to accumulated wealth being more quickly squandered.

When it comes to building family success, the ultimate goal of wealth management is to focus on the longer term to benefit multiple generations into the future, so it is important to look carefully at the needs of the whole family and to start to involve everyone in a family heritage preparation process.

Asset governance is all about creating and preserving wealth for the entire family – but co-operation between members is key to its success. Without co-operation-based governance, […]

One of the important – not to say fundamental – topics when assessing how to manage your family’s wealth is family heritage building, i.e. the art of assessing your personal situation and clarifying what ought to happen to your family members.

The question of risk management always comes up when planning a family’s future asset management plans, hence spending a little bit of time looking at the topic makes sense. Risk can be managed by defining family visions, values and priorities in the first place, but what tools ought to be kept in mind?

Having a vision built around values the family is willing to live by is of a key importance, but how exactly do a vision and a set of values help your family to move on? In this article, we explore this question and explain why vision-related matter and why they can help with securing your family [...]