Michael Beduze, managing partner of Da Vinci Global Consulting, and Tom Stewart, Chief Knowledge Officer at AchieveNext, discuss the family dynamics that can impact the success of a family office.
Beduze and Stewart talk about why family dynamics are frequently overlooked, why advisers should delve into so-called “soft” issues to ensure a better outcome for their family office clients, and how to address family dynamics when a business is involved.
They also point to ways that families can develop their non-financial wealth, and how to engage members of the younger generation to instill a stewardship mentality needed for multigenerational growth and success.
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