Preview Wealth of Wisdom
Wealth of Wisdom is intended to be a practical, on-the-ground, how-to guide that will answer the key questions that every family of wealth wrestles with on a regular basis and provide common lessons and practical steps that families can take away and employ today. It brings together the most creative ideas and insightful thinking from the best minds in the world on topics of wealth and family.
Table of Contents
- Section 1 - Thinking Through What Matters Most
- Section 2 - Planning Thoughtfully
- Section 3 - Investing Wisely
- Section 4 - Raising the Rising Generation
- Section 5 - Making Shared Decisions
- Section 6 - Combining Family and Business
- Section 7 - Giving Well
- Section 8 - Seeking Sound Advice
- Section 9 - Facing the Future
Section 1 – Thinking Through What Matters
Section 2 – Planning Thoughtfully
Section 3 – Investing Wisely
Section 4 – Raising the Rising Generation
Section 6 – Combining Family Business
Section 7 – Giving Well
Section 8 – Seeking Sound Advice
Section 9 – Facing the Future
Chapter 1 – Are You Wealthy?
Chapter 2 – What Are the Most Important Factors in Living Well?
Chapter 3 – What Are the Key Considerations in Crafting Your Legacy?
Chapter 4 – What Does Passing on Values to the Next Generation Really Look Like?
Ellen Miley Perry
Chapter 5 – How to Think Through Using Resources That Exceed My Personal Needs?
Chapter 6 – Does Family History Matter?
Chapter 7 – Is It Worth Having a Financial Plan?
Chapter 8 – What Is the Right Balance Between Saving and Spending in Retirement?
Chapter 9 – How Do You Start a Family Conversation About Prenuptial Arrangements?
Chapter 10 – How Can You Preserve a Beloved Family Vacation Home or Estate?
Chapter 11 – How Can You Prepare for Longevity and Mental Incapacity Among Family Members?
Chapter 12 – How Do You Prepare for a Good Goodbye?
Chapter 13 – How Can You Make Sure Your Portfolio Lines Up with Your Actual Goals?
Chapter 14 – What Return Should You Expect from Your Investments?
Chapter 15 – What Should Your Asset Allocation Be?
Chapter 16 – Does Investing Have to Be Complicated?
Chapter 17 – How Should You Understand and Deal with Investment Risk?
Chapter 18 – What Is the Most Useful Definition of Risk for Family Investors?
Chapter 19 – Is Active Management Still Worthwhile? – I
Chapter 20 – Is Active Management Still Worthwhile? – II
Chapter 21 – How Do You Raise Responsible, Independent, and Productive Children (versus Entitled Trust Fund Babies)?
Chapter 22 – How Can You Help Children Thrive in a World Focused on Success?
Suniya Luthar and Nina Kumar
Chapter 23 – How Much Money Should You Leave Your Children, and When?
Chapter 24 – How Do You Start a Family Conversation About Financial Inheritance?
Chapter 25 – How Can You Avoid the Negative Impacts of Giving Money to Family Members?
Chapter 26 – How Can Your Family Encourage Financial Literacy in Every Member?
Chapter 27 – How Can Families Support Both Individuality and a Shared Dream?
Chapter 28 – What Are the Best Ways for a Family to Make Decisions Together?
Chapter 29 – How Can You Improve Family Communication?
Chapter 30 – What Are Practical Tools for Building Healthy Families?
Chapter 31 – What Is the Point of Family Enterprise Governance?
Katherine Grady and Ivan Lansberg
Chapter 32 – Should You Have a Family Meeting?
Chapter 33 – How Can You Best Manage Conflict in Your Family?
Chapter 34 – Should You Stay Together as a Family or Go Your Separate Ways?
Chapter 35 – How Can You Engage Your Children in the Management of Your Family Wealth or Business?
Chapter 36 – How Can Your Family Develop Leaders Ready to Face the Many Challenges of Business and Family?
Chapter 37 – How Can You Ensure the Success of Your Successors?
Chapter 38 – Why Is Family Unity So Important and How Can You Achieve It?
Andrew Hier and John Davis
Chapter 39 – What Are the Signs You’re Losing Control of Your Family Business?
Josh Baron and Rob Lachenauer
Chapter 40 – Can a Family Stay Together After the Operating Business Is Sold?
Chapter 41 – What Is the Difference Between Charity, Philanthropy, Strategic Philanthropy, and Impact Investing?
Chapter 42 – How Can You Encourage Generosity in Your Family?
Alasdair Halliday and Anne McClintock
Chapter 43 – How Do You Engage Children and Grandchildren in Philanthropy?
Chapter 44 – How Can You Wisely Develop a Long-Term Strategy for Your Philanthropy?
Chapter 45 – What Types of Advisors Should You Consider?
Chapter 46 – How Can You Find Trustworthy Advisors?
Chapter 47 – How Can You Avoid the Next Bernie Madoff?
Stephen Horan and Robert Dannhauser
Chapter 48 – Should You Choose a Single-Family Office or a Multi-Family Office?
Chapter 49 – How Do You Choose a Good Trustee?
Chapter 50 – What Does the Future Hold for Families with Significant Wealth?
Chapter 51 – How Can You Chart Your Own Path, No Matter What Everyone Else Says You Should Do?
Fernando del Pino
Chapter 52 – How Do You Balance Family Stability with Resilience Over the Generations?
Chapter 53 – How Can We “Lift the Small Boats” Too?