Category: Family Treasury

True Family Wealth is about ensuring every member of your family feels enriched and supported.  It doesn’t always mean supported just with money.  One of the major components of building true family wealth is good communications among family members. Some families find it really difficult to imagine themselves meeting together to discuss issues, especially money […]

Is this you? Do you have a spouse that leaves the financial decisions up to you? Do you worry what will happen when you are gone? Do you see your adult kids struggle with money and are not sure how best to help?   Overcoming  family financial ignorance empowers your family, preserves your wealth and […]

I’ve written a great deal about thinking of your family as a business—not in the money-making sense but doing the tactical things that businesses do to be successful, which I call the Family Treasury ™ Model.   Have a vision, goals, a strategic plan, assign roles and responsibilities, communicate.   A model that takes the best practices […]

How to Talk with your kids about YOUR Money   This Family Day marks an opportune time to think about our adult children’s preparedness to inherit our wealth –whether a little or a lot. In my role as CEO these past 30 years of First Affiliated Holdings Inc., a family office organization, I have seen firsthand how […]

Part of Creating True Family Wealth & A Healthy Dynamic Team. Creating True Family Wealth begins with family celebrations marking milestones and accomplishments and is part of the fun of being together.  As with any business,  celebrations are used to create a cohesive unit within an organization.  So too are family celebrations which are an […]

Use your power We often feel dissatisfied with where we are and what we don’t have. No matter how financially “successful” we are, we can think of someone personally—or perhaps know of someone—who seems to have so much more than we do: more stuff, more money, more fun, more power, more fame. If you don’t […]

Family Wealth The largest transfer of family wealth in Canadian history is starting to take place. Over the next decade, it is estimated that $750 billion will be passed on to the boomers. CIBC calls it the “largest intergenerational wealth transfer in Canadian history.” What will happen to that family wealth? Too often it will […]

What would happen if your family came together to agree on common values that gave you a clear identity of who you are and what you are about? What if you were unified as a family with a common mission and had a strategic plan outlining how you would each work to support one another […]