Family Governance & Education

Family meetings can create an invaluable bond between generations

We serve several large families with multiple households and generations across the country with different needs and varying levels of financial literacy. For one such family, we periodically host a meeting where over 70 family members attend. For us, this gathering is an opportunity to innovate. For one recent meeting, under the direction of senior family members, we created a unique agenda which included both time for bonding across the generations and opportunities to address financial matters and provide financial education.

At meals, we provided separate tables where more financially savvy members could discuss investment strategies, while at other tables younger family members could learn the basics of budgeting, 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 display was the genealogical chart we helped create which tracked the family’s complex network of new children, new marriages, changing locations, and new accomplishments. We also allowed time to update governance and intra-family reporting processes which keeps family members informed between meetings. 

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The case studies described herein are intended to illustrate Manchester Capital Management’s approach to developing personalized solutions to our clients’ unique investment management problems. These examples should not be considered to be recommendations for any particular client and are not intended to demonstrate a pattern of success or guarantee positive performance. Because our recommendations are individually tailored based on each client’s individual needs, there is no guarantee that our approach to managing any client’s account will share some or all of the characteristics as the situations depicted.

Nothing contained on this website constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision.

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