Wealth Management Planning
Family Business Wealth Management Blog

The Family That Innovates Together, Stays Together

Innovation is critical to every business and family controlled businesses are no exception. While the family unit provides some very specific positive impacts on long-term success, such as continuity of vision, loyalty to values and a protectiveness of legacy, those very attributes can hinder innova[...]

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If You Have Lemons, Don’t Buy More Lemonade: The Diversification Delusion?

One of the more persistent delusions in the wealth management field is diversification for the high net worth client. Countless organizations preach the value of diversification, quoting Nobel-prize winning economists, yet persist in managing portfolios in isolation of outside assets. Real estate ho[...]

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A Train, A Spoon and the Continuity of the Family Story

As featured in Trusts & Estates Using objects to actively transfer values and traditions between generations Our family story, the narrative we tell one another about ourselves, our shared history, is a critical component of family health, as well as a solid predictor of collective and individua[...]

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An Ideal Apple – A More Complete Wealth Framework

The Ideal Apple: A More Complete Wealth Framework An ancient apple tree grows in my backyard, once part of an orchard over 50 years ago, now consumed by suburban sprawl. I have a strange affinity for that solitary tree, despite a rather unattractive appearance and the constant cleaning of wind-fall[...]

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The 5 Things a Baseball Team Can Teach Us About Our Family Business

Operating a successful Major League Baseball franchise takes a great team, and not just the guys on the field. At a recent event, Rick Schlesinger outlined what it takes to build a winning organization behind the scenes. Over 11 seasons with the Milwaukee Brewers, the last three as COO, he has helpe[...]

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How to Write a Greek Tragedy: The Backstory of the Market Basket Saga – as featured in Trusts & Estates

As featured in Trusts & Estates The crisis which unfolded this summer involving the Demoulas Market Basket grocery store chain can be viewed as simply a dispute between employer and employees, or “associates” as they preferred to be called. Alternatively, many current accounts are portraying [...]

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The Purpose of Apple Trees and the Family Business

In a recent discussion with Mark Shiller, a highly-regarded estate planning attorney, he posed the following question – “What is the purpose of an apple tree?” I offered the natural answer: “To produce apples.” He suggested that a more accurate answer would be: "To produce more apple trees[...]

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Family Financial Planning: Balancing What’s Right with What Matters

There are times when what is technically right conflicts with what feels right; times when expert advice offers a rational path forward to a stated objective, but conflicts with how we want to view ourselves and our impact on the world. We can have a right decision, meaning legally sound, which is n[...]

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