and Wealth
accumulated significant wealth and want
their wealth to serve current and future
generations in healthy and productive ways.
open communication and take a long-term
developmental approach to understanding
family wealth and ensuring it serves their
vision for what’s most important in life."
families open communication and
take a long-term developmental
approach to understanding
family wealth and ensuring it
serves their vision for what’s most
important in life."
open communication and take a long-term
developmental approach to understanding
family wealth and ensuring it serves their
vision for what’s most important in life."
Your Children About Money
wealth in the New York Times.
Talk to Your Children
About Money
about family wealth in the New York Times.
Evolving Families · Business/Wealth ·
Principles, Purpose, Passion
Jeff Savlov is a family business and wealth consultant serving family businesses, high net-worth families, family offices and their advisors with a focus on balancing family dynamics with ownership, management and leadership of shared assets across generations.
Family Wealth Consulting
Jeff helps families who have accumulated significant wealth ensure their wealth serves current and future generations in healthy and productive ways. He is an expert at helping families manage the balance between family (an emotional system of relationships) and business/wealth (economic systems) so the family flourishes and evolves – guided by Principles, Purpose and Passion. Read more »
Family Business Consulting
Whether through ownership of a single business or of varied and complex assets, families encounter increasingly complicated decisions that have the potential for family conflict and business/financial missteps as they move through generations. Jeff works with families to understand and effectively manage their dynamics and increase the potential and stability of both family and enterprise. Read more »
Family Advisor Education & Collaboration
Through coaching, interactive workshops and client collaboration, Jeff helps advisors and their firms gain an edge over competitors in serving enterprising families. When he works alongside advisors with their clients, he adds depth to the understanding and management of family dynamics and governance. He will train and develop family advisors to skillfully provide clients with greater value through better execution of plans, and improved ability to assess and work productively with the complexity inherent in enterprising families. Read more »
Purposeful Legacy Family Project
Raising children in the context of wealth has challenges and opportunities. Many parents avoid any discussion of the family’s fortunate circumstances for fear this will reduce the children’s motivation and lead to a sense of entitlement. Jeff developed a program to help parents open the discussion in a healthy way, start developing the next generation to be responsible stewards, and teach parents about intentional and thoughtful parenting in the context of wealth. Read more »
Inheritor Bias
November 19, 2024This article by Business News Daily quotes one study which found that 68% of ultra-high-net-worth individuals (UHNW = $30 million or more) were self-made. The article refers to a second study by Fidelity Investments which found that 88% of all millionaires are self-made. In these studies, Read more »
Warren Buffett Changes His Will
October 30, 2024For years people have occasionally asked me if Marvin Blum is the “Blum” in my company name (Blum & Savlov, LLP). The answer has always been, “Not sure who Marvin Blum is but it is my wife, Monica Blum, a Read more »
Fall on Your Sword
September 26, 2024I speak regularly around the United States on the topic of families and wealth. Areas of focus include developing communication, high-functioning family ownership groups, managing inevitable conflict, distinguishing between non-working family owners and family members who work in the business Read more »
In The News
How and When to Talk to Your Children About Money
Talking about family money is similar to talking to kids about sex. There is such a thing as too much, too soon.
Keeping the Family Tree Alive
A lot of what makes these families successful is family first.
Building Character
Article by Jeff Savlov about raising children under five in the midst of affluence.
TESTIMONIALS
Jeff Savlov was instrumental in getting our family to sit down and to examine what is most important to us in terms of family values, especially in the financial realm. The hours we spent with Jeff, and individually, expressing what was important to our family and what kind of a legacy we wanted to leave was an enriching experience for our family. We would recommend Jeff’s services to any family that is ready to take their communication and family management to the next level.
Dave and Jenn Buckwald, Colts Neck, NJJeff’s presentation creatively addressed issues and themes that our members routinely encounter in the estate planning practices. The manner in which he presented the material brought to life and elucidated recurring dynamics of family-owned businesses. His presentation was among the most interactive and participatory of continuing education sessions we’ve hosted in recent years.
Jonathan F. Justice | Vice President 2017-18, Estate Planning Council of Bergen County, Inc.I have known Jeff Savlov for years, and have high regard for him as a family business consultant. I hired him to speak on the topic of Siblings In The Family Business: Love, Hate And Profitability. His material was insightful, and made sense to the audience of many family businesses from a wide assortment of industries. His intelligence, humor and ability to connect the dots makes him a very effective teacher and guide.
Ira Bryck | Family Business Facilitator/Advisor and Radio Host