Wealth for Next generation

Are the kids all right? Preparing the next generation for wealth.

Family Office Exchange shows specific family business education is the key.

For children, growing up in a wealthy family comes with certain challenges. Many such children have difficulty conceptualising the value of money, or take their family’s wealth for granted. On the other hand, they may feel a sense of guilt or even shame for enjoying wealth they didn’t earn, and a sense of pressure to “make the most” of the fortunate situation they were born into. Indeed, research shows that adolescents from affluent backgrounds are more prone to depression, substance abuse and anxiety.

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How are Decisions Made in Your Family Business?

Try Our New 15 minute Online Tutorial

Here at Insights we are constantly updating the information we provide to family businesses and family members. Each week we add new videos to our catalogue of over 300 short videos designed for and by successful global family businesses.

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A dark and ominous image of narrow canal with tall buildings on either side

How long can you ignore the elephant in the room?

Wondering how other family businesses address it?

It seems that two of the most difficult issues for family groups in business are firstly identifying their challenges and secondly taking that huge leap to start talking about those challenges together.

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a mountainous horizon in pastel colours

4 Tips for Embracing Leadership Roles in your Family Enterprise

The Next Generation

In 2014 Price Waterhouse Coopers released the findings of their Family Business Survey- Bridging the Gap. They interviewed 207 next gen family business leaders. They found them to be ambitious with big ideas and eager to make changes, hardworking but knowing they always have to prove themselves and the majority identified gaining the respect of their co-workers as their biggest challenge.

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