Book description
An interactive assessment tool and companion manual for wealthy
families and their financial advisors that analyze the behaviors and
knowledge that impact a family's overall wealth, while also
providing best practices needed for improvement
The Family Wealth Sustainability Toolkit gives wealthy
individuals, family offices, and the financial planners, advisors and
wealth managers who counsel them, the tools they need to better assess
their wealth sustainability skills. One part assessment software tool
and one part companion book, the online Index allows readers to
assess their family enterprise across four dimensions of
sustainability, while the Manual acts both as a roadmap to
analyzing their results and provides a foundation in best practices.
The index asks individual family members to assess how much the
family, as a unit, utilizes best practices to help build structures,
decision making processes, and leadership over generations. The manual
shows readers how to reflect on what's working in their family to
build and maintain sustainable wealth and how to fix what isn't.
Throughout both components, the authors emphasize the importance of
human, intellectual, and social capital, as well as financial capital,
as drivers to sustainability over the long haul. The Family Wealth
Sustainability Toolkit:
- Helps affluent families and their advisors assess how well they
are managing wealth now and for the future
- Evaluates wealth sustainability practices to help readers find out
what's working and what's not
- Emphasizes the importance of human, intellectual, and social
capital, as well as financial capital, in the quest for wealth sustainability
Comprehensive and highly practical, The Family Wealth
Sustainability Index carefully explains exactly how affluent
families and their financial advisors can best utilize and prepare
their wealth now and for generations to come.
Fredda Herz Brown is acclaimed by clients and professional
colleagues alike for her groundbreaking work with enterprising
families and their trusted advisors. From her numerous contributions
over a quarter century, she has helped to establish standards of
professional practice and develop the body of knowledge that defines
the work of the field to this day. Fredda's distinguished career
accomplishments have been honored by awards from the Family Office
Exchange and the Family Firm Institute, where she is a Fellow and
founding board member. She is the author of Reweaving the Family
Tapestry, which encapsulated her model for understanding and
working with families as they evolve through their life cycle. Among
her numerous academic appointments over the years, she continues as a
guest lecturer for the MBA students at Columbia University.
Fran Lotery has more than thirty years' experience and
knowledge in family economic and emotional systems gained from working
with professional firms, family enterprises, owners of closely held
companies, and large nonprofit institutions. Since 2006, as one of the
principal founders of Relative Solutions, she has collaborated on
research and tools that contribute to advances in developing human
capital and leadership in family enterprises and understanding the
dynamics associated with wealth and the multigenerational family. Fran
has been an expert contributor on radio and television, a speaker at
professional conferences, and an adjunct faculty member at leading
colleges and universities in California.
Relative Solutions is one of the leading firms helping
multigenerational family enterprises manage the complex decisions
related to their shared assets. Their frameworks, tools, and
methodologies are considered to have established the gold standard for
the professional practice of trusted advisors, and the development of
families and their enterprises. The firm's Family Enterprise
Leadership System (FELS) is the only leadership assessment framework
of its kind, created exclusively for family enterprises. In 2011, they
introduced with 21/64, two new tools to assist families to start
conversations: the Family Quest Cards on "Exploring Wealth"
and "Family Giving/Philanthropy."
