Supporting Family Governance & Education

We serve several large families with multiple households across the country that include generations who have different needs and varying levels of financial literacy. For one family, we periodically host a meeting for more than 70 family members, providing an opportunity to offer innovative services in helping them maintain a cohesive mission for their family wealth. During one recent meeting, under the direction of senior family members, we created a unique agenda that included time for bonding across the generations, financial education, and time to address more pressing financial decisions.

During meals, we set up separate tables so that more financially savvy family members could discuss investment strategies, while younger family members could learn the basics of budgeting, financial markets, and investing. A particularly successful program for the younger family members encouraged each one to identify, research, and buy a stock, and then track its performance.
The most popular event included a genealogical chart we created that tracks the family’s complex network of new children, new marriages, changing locations, and accomplishments. We also allowed time to update governance and intra-family reporting processes to help keep family members informed between meetings.