Mentor Or Tormentor???

September 19, 2023Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

I recently took on a new client, a family business going strong in the fourth generation. At our first meeting I asked the family (mom, dad, brother and sister) to tell me their story – always interesting. As they dug into the various perspectives they each held about the history of the family and the business, and there are always a variety of perspectives, the patriarch described his father and grandfather, both long gone. “I was looking for mentors but Read more »

Next Gen Pushback

July 22, 2023Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

“Pushing back” is one of the ways members of the next generation assert their independence and differentiate themselves from parents and other, older family members, and even the family system as a whole. Pushing back can be subtle, such as frequent polite disagreement, or it can be glaring, such as disregarding specific, important requests from parents. A natural part of growing up, resisting the control and authority of parents and other senior family members and caretakers is common in one Read more »

Talking to Young Kids About Family Wealth

April 23, 2023Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

You can talk to kids about family wealth without talking about money.    You can talk about money without mentioning numbers.    These principles are the essence of the philosophy I use when coaching parents of young children in financially wealthy families. I use the term “financial wealth” to refer to wealth based on money. There are other aspects of wealth – health, community, family relationships, social support — and it is important to recognize all kinds of wealth in Read more »

Family DYSFUNCTION

March 9, 2023Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

What is it about family dysfunction? The large majority of my job is facilitating, educating and coaching families who share ownership of businesses and legacy wealth to help them communicate well, manage conflict, create high-functioning, family-ownership teams and develop governance for decision making, sharing information and inclusion of subsequent generations. I also specialize in working with couples–pre-children or with very young children on how to set the stage for responsible, productive and values-based lives in the context of family financial Read more »

St. Lucia Fam Biz Lessons

September 20, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

My wife and I went to St. Lucia the last week of August for an amazing getaway. The beauty is incredible – rainforests, aqua coves, wildlife above and below the sea. The people were just as incredible! Two experiences we had on our trip exemplify the best of family business and the immense challenges they face. Meno the Naturalist We had a private tour of the beach and forest at Anse Mamin. It was a “group” tour from our resort, Read more »

Money Tale$

July 29, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Recently I was interviewed for the Money Tale$ podcast by my friends and colleagues Sandi Bragar and Cammie Doder of Aspiriant . It was a wonderful whirlwind of topics: money, family, life. Hard to believe how much we covered in only 30 minutes! Deep and personal; I shared all kinds of stuff and invite you to take a listen! If you have a Money Tale to tell (we all do in one form or another), reach out to me and I’ll introduce you to Sandi and Read more »

Wet Leaves and Humility

December 5, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Stories of fatherhood can be embarrassing. They are often instructive. For me, this tale has been both. I’m a parent to sons ages 23 (Jeremy) and 20 (Matthew). The older and wiser they get, the less intelligent I seem to be. I’m getting used to it. We have a pool in our backyard and we closed it for winter in late September. It has a huge tarp over it. In NJ this time of year, there are lots of leaves. Read more »

NHL Hockey and Family Business Leadership

October 26, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

If you know me or have followed this blog for any amount of time, you’ll know I like to make parallels between family business and pro hockey and rock bands. Both have similarities to families and, I’d make the case, ARE families when at their best. Is blood connection necessary to be a family? FAMILY BEYOND BLOOD For most of history, family was primarily defined by blood connections. In more recent times, family has taken on a broader and dynamically Read more »

Toddlers and Wealth Stewardship

September 20, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

I’ve seen quite a bit in my work with families who share complex assets across generations (businesses, real estate, investments, trusts, foundations…) And I continue to find support, from families and professionals who serve them, for my ideas and creative strategies for developing stewards at the youngest of ages – before they are born and during the first few years of life. Before birth? Yes. Couples can clarify the meaning of wealth and how they hope it will serve future Read more »

Inheritor’s Wisdom

June 24, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

I was recently speaking to a client who received a significant amount of money from his parents upon graduation from college. He lived simply during college, starting in your average dorm and moving on to sharing an old house (without air conditioning or other upgrades) in a worn-down, high crime neighborhood with a bunch of friends. He also worked very hard earning degrees in a fine art and finance. He always struck me as humble and kind, frequently looking at Read more »