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 »

Non-Annoying Parenting

June 26, 2022Family Business Consulting, Family Wealth Consulting, Wealth Psychology Consulting

To be a parent, imparting wisdom without being…annoying. THAT is the challenge. My parents often failed, my wife and I often fail. Failure is built in, to a large extent, when a parent tries to make a moment “teachable.” Even the term “teachable moment” can lead to mock-nausea and vomiting in kids, teens, and young adults. Then there are the miraculous moments when life hands you annoyance-free life lessons on a silver platter–experiences so obviously powerful and valuable that offspring 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 »

LeBron, Wealth and Friendship

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

In the movie Trainwreck, Lebron James (playing himself) and Bill Hader (playing Dr. Aaron Conners) are in a scene having lunch together. When the check comes, Lebron suggests they split the check according to what they each ate. Aaron is shocked that LeBron James, a rich and wealthy basketballer, will not simply pick it up. LeBron’s response, “It is better for our friendship…Equals forever.” Watch the scene for yourself (only 50 seconds). While the movie is an Amy Schumer-written comedy, it hits on a serious point for 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 »

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 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 »