Family Wealth: Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations (Bloomberg Book 34)

the family balance sheet measures human and intellectual capital as well as financial capital. The family balance sheet is an attempt to measure how well a family is managing its human capital. A family balance sheet is an addition to, not a substitute for, a family financial statement. A family wealth management business, like every other financia

Families attempting long-term wealth preservation often don’t understand that they are businesses and that the techniques of long-term succession planning practiced by all other businesses are available to them as well. A family that starts its long-term wealth preservation planning by adopting the metaphor that it is a business will begin with a w

Long-Term Wealth Preservation as a Question of Family Governance

It must provide a means for the collection and dissemination of the accumulated knowledge of all family members.

Families who understand that the growth of their human capital is the first priority of their long-term wealth business have their priorities right.

family’s ability to remain in business over a long period of time always comes down to excellent long-term succession planning, regardless of how successful the family is financially.

The mission of family governance must be the enhancement of the pursuit of happiness of each individual member.

The assets of a family are its individual members. (D) The wealth of a family consists of the human and intellectual capital of its members. A family’s financial capital is a tool to support the growth of the family’s human and intellectual capital. (E) To successfully preserve its wealth, a family must form a social compact among its members refle

What are the issues a family mission statement needs to address to define the family’s purpose, vision, values, and goals?