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<p>Foreword xiii<br /> <i>James E. Hughes, Jr.</i></p> <p>Acknowledgments xv</p> <p>Introduction xvii</p> <p>Assessing Your Family’s True Needs xxi</p> <p><b>Section 1 Thinking Through What Matters Most 1</b></p> <p>Chapter 1 Four Profound Questions for Families 3<br /> <i>Ellen Miley Perry</i></p> <p>Chapter 2 Identifying Actionable Values for Family and Enterprise 7<br /> <i>Doug Baumoel and Blair Trippe</i></p> <p>Chapter 3 Values That Matter 13<br /> <i>Sharna Goldseker and Danielle Oristian York</i></p> <p>Chapter 4 A Framework for Family Wealth and Well-Being 19<br /> <i>Richard Franklin and Claudia Tordini</i></p> <p>Chapter 5 Understanding Identity and Social Power 27<br /> <i>Kofi Hope and Zahra Ebrahim</i></p> <p>Chapter 6 Tapping Character Strengths to Move Families Forward 33<br /> <i>Kristin Keffeler</i></p> <p>Chapter 7 Using the Ikigai Model to Foster a Legacy of Meaningful Engagement 39<br /> <i>Don Opatrny and Keith Michaelson</i></p> <p>Chapter 8 Stages of Wealth Integration 45<br /> <i>Courtney Pullen</i></p> <p>Chapter 9 Learning from Your Money History and Writing a New Story 51<br /> <i>Jill Shipley</i></p> <p>Chapter 10 Envisioning the Future 59<br /> <i>Jamie Traeger-Muney</i></p> <p><b>Section 2 Becoming a Learning Family 67</b></p> <p>Chapter 11 Benchmarking Your Family Against Successful Global Families 69<br /> <i>Dennis Jaffe</i></p> <p>Chapter 12 Understanding the True Goals of Wealth Preparation 75<br /> <i>James Grubman</i></p> <p>Chapter 13 Advancing Flourishing: A 10x10 Learning Roadmap 81<br /> <i>Stacy Allred, Joan DiFuria, and Stephen Goldbart</i></p> <p>Chapter 14 Finding What’s Next for Your Family 97<br /> <i>Barton Parrott</i></p> <p>Chapter 15 Creating Impactful Learning Programs for Families 103<br /> <i>Greg Burrows and Ruth Steverlynck</i></p> <p>Chapter 16 Developing a Family Wealth Education Plan 111<br /> <i>Kirby Rosplock</i></p> <p>Chapter 17 Practical Tools for Building Healthy Families 119<br /> <i>Christian Stewart</i></p> <p><b>Section 3 Planning Thoughtfully 127</b></p> <p>Chapter 18 Expressing Purpose in Your Trusts 129<br /> <i>John A. Warnick</i></p> <p>Chapter 19 Managing a Shared Family Property 137<br /> <i>Jamie Forbes</i></p> <p>Chapter 20 Creating a Family Bank 143<br /> <i>James E. Hughes, Jr.</i></p> <p>Chapter 21 Undertaking a Family Risk Assessment 147<br /> <i>Linda Bourn</i></p> <p>Chapter 22 Is Your Infrastructure Resilient? 155<br /> <i>Natasha Pearl</i></p> <p>Chapter 23 Creating a Family Owner’s Manual 161<br /> <i>Josh Kanter</i></p> <p>Chapter 24 Family Behavioral Health Wellness Assessment 167<br /> <i>Arden O’Connor</i></p> <p>Chapter 25 Building a Smart Aging Plan 173<br /> <i>Susan Hyatt</i></p> <p>Chapter 26 Managing the Risk of Diminished Capacity 179<br /> <i>Patricia Annino</i></p> <p>Chapter 27 Creating an Ethical Will 189<br /> <i>Scotty McLennan</i></p> <p><b>Section 4 Investing Wisely 197</b></p> <p>Chapter 28 Monitoring Financial Capital with the “Four Horsemen” Graph 199<br /> <i>Scott Peppet</i></p> <p>Chapter 29 Keeping Goals in the Spotlight with Capital Sufficiency Analysis 203<br /> <i>Joe Calabrese</i></p> <p>Chapter 30 Constructing an Investment Portfolio to Support Family Goals 209<br /> <i>Jean Brunel and Voyt Krzychylkiewicz</i></p> <p>Chapter 31 Investment Education for Family Members 219<br /> <i>Jim Garland</i></p> <p><b>Section 5 Seeking Sound Advice 225</b></p> <p>Chapter 32 Assessing Your Family’s Financial and Family Management Needs 227<br /> <i>Scott Hayman and Tom McCullough</i></p> <p>Chapter 33 Finding an Advisor Who Will Help Your Family Thrive for Generations 235<br /> <i>Kathy Lintz and Ned Rollhaus</i></p> <p>Chapter 34 Choosing Trustees with Care and Wisdom 241<br /> <i>Kim Kamin</i></p> <p>Chapter 35 Assessing Your Readiness for a (Family Enterprise) Leadership Coach 251<br /> <i>Greg McCann</i></p> <p>Chapter 36 Understanding Advisors’ Fees 255<br /> <i>Mark Pletts</i></p> <p><b>Section 6 Raising the Rising Generation 261</b></p> <p>Chapter 37 Balancing Entitlement and Responsibility in Children’s Birthdays 263<br /> <i>Joline Godfrey</i></p> <p>Chapter 38 A Ritual to Send Children off to College 269<br /> <i>Andrew Doust</i></p> <p>Chapter 39 Developmental Life Lessons for Grandchildren 277<br /> <i>William (Bo) and Suzanne Huhn</i></p> <p>Chapter 40 Deciding If You Should Join the Family Business 281<br /> <i>Josh Baron and Rob Lachenauer</i></p> <p>Chapter 41 How Can You Ensure the Success of Your Successors? 287<br /> <i>Dean Fowler</i></p> <p>Chapter 42 The Intergenerational Dialogue 295<br /> <i>Susan Massenzio</i></p> <p><b>Section 7 Navigating Family Dynamics 299</b></p> <p>Chapter 43 A Three-Step Process for Enhanced Communication 301<br /> <i>Keith Whitaker</i></p> <p>Chapter 44 Strengthening Your “Family Factor” to Deconstruct Conflict 305<br /> <i>Blair Trippe and Doug Baumoel</i></p> <p>Chapter 45 Using Genograms to Understand Family Patterns 311<br /> <i>Guillermo Salazar</i></p> <p>Chapter 46 Achieving New Insights and Possibilities through Generative Dialogue 317<br /> <i>Michelle Osry</i></p> <p>Chapter 47 How Powerful Are Your Questions? 323<br /> <i>Ian McDermott</i></p> <p>Chapter 48 Expectations versus Agreements 329<br /> <i>Mimi Ramsey and Stephanie Hardwick</i></p> <p>Chapter 49 Enhancing Sibling Relationships 335<br /> <i>Christian Stewart</i></p> <p>Chapter 50 Gamechanging 343<br /> <i>Matt Wesley</i></p> <p><b>Section 8 Making Shared Decisions 349</b></p> <p>Chapter 51 Hats Off to You! 351<br /> <i>Lee Hausner</i></p> <p>Chapter 52 How to Balance Family Stability with Resilience over Generations 355<br /> <i>James Grubman</i></p> <p>Chapter 53 Making Better Decisions by Telling Stories That Have “Already Happened” 359<br /> <i>Stacy Allred</i></p> <p>Chapter 54 Democratizing Family Decision-Making 365<br /> <i>Barbara Hauser</i></p> <p>Chapter 55 Using RACI to Determine Roles and Responsibilities in a Complex Multigenerational Family Enterprise 369<br /> <i>Kathryn McCarthy</i></p> <p>Chapter 56 Creating Internal Controls and Policy and Procedures for a Family Office 377<br /> <i>Eugene Lipitz</i></p> <p>Chapter 57 Leading Successful Family Meetings 381<br /> <i>Katherine Grady and Wendy Ulaszek</i></p> <p>Chapter 58 Establishing Ground Rules for Family Meetings 387<br /> <i>Keith Whitaker</i></p> <p><b>Section 9 Giving Together 391</b></p> <p>Chapter 59 Finding a Philanthropic Focus and Integrating the Rising Generation Perspective 393<br /> <i>Etienne Eichenberger, Małgorzata Smulowitz, and Peter Vogel</i></p> <p>Chapter 60 Facilitating Grandchild-Grandparent Philanthropy 401<br /> <i>James E. Hughes, Jr.</i></p> <p>Chapter 61 Helping Families Move Up the Philanthropic Curve 405<br /> <i>Leslie Pine</i></p> <p>Chapter 62 A Roadmap to Successful Philanthropy 411<br /> <i>Susan Winer</i></p> <p>Conclusion 415</p> <p>Bios 417</p> <p>Index 419</p>

<p><b>TOM McCULLOUGH</b> is Chairman and CEO of the Northwood Family Office, a multifamily office that serves the comprehensive needs of families of wealth. He has more than three decades of experience in the field of family wealth management and is an Adjunct Professor and Executive-in-Residence at the University of Toronto’s Rotman School of Management. He is the co-author of two other books — <i>Family Wealth Management: Seven Imperatives for Successful Investing</i>, and <i>Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask.</i></b> <p><b>KEITH WHITAKER, PhD,</b> is president of Wise Counsel Research, a leading consultancy to families with wealth on governance, communication, and the development of rising generation leaders. He has been published in <i>The Wall Street Journal, The New York Times, The Financial Times,</i> and has co-authored six other books for Wiley, including <i>Cycle of the Gift, Voice of the Rising Generation,</i> and <i>Complete Family Wealth.</i></b>

<p><b>Protect and grow family wealth and relationships with concrete strategies for high-net-worth families and their advisors </b></p> <p><i>Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors</i> is a practical and hands-on toolkit containing exercises, techniques, templates, and strategies that can be immediately applied by wealthy families and their advisors to help protect and grow their financial resources and family relationships. The included tools encourage readers to think through and determine their highest priorities, plan thoughtfully for the future, invest their assets wisely, raise the next generation of family leaders, and more. <p>Exercises like the Family Self-Assessment Tool and the Family Money History Questionnaire reveal foundational and important truths about the structure and behavior of wealthy families, while techniques like the Core Values Exercise demonstrate where family priorities lie and how to make decisions as readers move into the future. <p>An indispensable guide for family office professionals and other practitioners who advise wealthy families as part of their practice—as well as members of high-net-worth families themselves—<i>Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors</i> is a one-stop, authoritative resource collected by two of the leading advisors and practitioners in family wealth today.

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