Too many wealthy families become victims of the cycle. The first generation, through hard work and enterprise, achieves uncommon affluence. The second generation does its best to build upon the
success. But the third generation, living off past achievements, does little to contribute to the family’s forward progress. As a result, so much is squandered, both financially and emotionally, that any hope of creating an everlasting family legacy is long gone.

Quite obviously, the needs of ultra-affluent fami lies go far beyond mere money management and are often not the strong suit of traditional wealth advisors. The concerns are serious and complex: How to make collective decisions and solve disputes, how to foster
a younger generation to be successful, and, above all, how to create a model of family governance that guarantees an enduring legacy.

That’s one reason why families seek the services of a multifamily office that can provide a wide array of comprehensive services, including special attention to matters of family education and governance.

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