In-Laws

November 8, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

In-laws. They marry into our families, and we marry into theirs. Immigrants from one family to another. If you’ve followed this blog for a while, or know me personally, you likely know that my family’s commercial printing business was sold long ago. But when I was in college, I had to decide to enter the family enterprise or go my own way, and I went my own way for several reasons. Top among these: knowing the best chance I had 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 »

Help Others & Build Character

April 14, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Helping other people is powerful. One of the main concerns of families I work with is how the financial success of the family will affect the rising generation. They are particularly concerned about the potential negative effects. I’ve worked with families for many years; family has been my area of focus in many realms. I’ve worked in different roles with some of the wealthiest and poorest families in America. I’ve consistently witnessed when families (regardless of their level of wealth) Read more »

Phoenix of Fatherhood

January 9, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

Last month’s blog, Wet Leaves and Humility , left me in a humiliated but (slightly) wiser position as a father and consultant to business and legacy wealth families. Please read it over if you have not (only takes a couple of minutes to read) – it sets the stage for this blog. In a nutshell, my last blog tells the story of how I thought I was doing something well and my son pointed out that he had a much better way to do 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 »

Family Business South Dakota Style

April 17, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

On April 29th, I’ll be presenting at the  Prairie Family Business Association’s 29th Annual Conference . I presented in 2015 and love the state of South Dakota and wish I could be there in person this year. The conference is a hybrid and I’ll be virtual. The good news is, wherever you may be located, you can join this great conference with excellent content and more than 400 attendees. I’ll be speaking about raising children in the context of a family business (FB) – a topic I’m Read more »

Teens Role in Family Spending Decisions?

January 13, 2021Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

I was captivated by a recent Wall Street Journal article entitled, “Should Parents Involve Their Teenagers in Big Spending Decisions?” The article featured two financial advisors with opposing views on this question. I thought I’d weigh in. Lazetta Rainey Braxton, co-CEO at 2050 Wealth Partners in New York, basically says that “if done right, it can be empowering and educational,” while Michelle Perry Higgins, a financial planner and principal at California Financial Advisors in San Ramon, Calif., says teenagers shouldn’t have a say in these decisions. Ms. Rainey Braxton is basically taking the tack Read more »

Deepening New Client Conversations

September 23, 2020Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

I was recently speaking to a friend and colleague about the conversations he has with new clients. He is one of a new wave of wealth managers (and other professionals) who are as interested in getting to know the full picture of their client’s lives as they are about investment and planning strategies. He asked for my thoughts on deepening client conversations. Opening up conversations about money, business, family and legacy with a new client or even a prospect can Read more »