Does the founder's wealth personality impact your family office?

Does the founder's wealth personality impact your family office?

Some family members want to grow assets to support their grandchildren. Others just want to go on vacation. The family office has to serve both.

The founder may have decided everything at the start. That becomes harder when several family branches want different investments, different services and different access to cash. We cannot expect the original arrangement to suit everyone indefinitely.

Those differences belong in the office's investment decisions, distribution approach and governance. Otherwise, a request for money can become an argument about what the family office is for.

Here is our next article in Frazier & Deeter 's Family Offices Series with Jeffrey Rosen, CPA, CGMA, MBA