Preserving True Family Wealth in Challenging Times

Preserving True Family Wealth in Challenging Times is the successor to Family Legacy and Leadership, a highly acclaimed wealth management book. Like its predecessor, this book looks at the essential challenges and practical approaches legacy families and their leaders can take to ensure that all aspects of their greater family enterprise -- family, business, philanthropy and other initiatives -- work well now and for long into the future.The book begins with an understanding that true family wealth includes, but also goes well beyond, financial assets. It discusses in detail topics such as family unity, harmony and security, a clear statement of purpose, vision and values, effective family governance, leadership and succession, and full consideration of the challenges and opportunities for the journey across different generations, between branches and for individual family members. Real world examples and practical approaches are set out for the reader's review and potential application. Focusing on both human and commercial aspects of legacy families, the book aims to provide guidance and proven approaches to the non-commercial aspects of wealthy families and their potential long-term success, reflecting an understanding that the families that are most likely to prosper long into the future address both the commercial and non-commercial aspects of family and family sustainability in equal measure.Drawing from many decades working with leading families around the world who have understood and mastered many of the most important challenges families face today, the two authors bring their collective expertise and experience to all families and their leaders who aspire to create the best possible future for their own families in these challenging times.