Category: Family Wealth

          That we remember to take care of each other, whether friend or stranger; That we turn away from negativity, and choose positive thoughts, actions and speech; That we stand up with confidence and nurture our world with love and hope; That within our means, we send our money and the […]

Family and Money.  Most of us think wealth is just money: the cash in our bank, the value of our home, or the size of our financial portfolio. Some people chase it; others hoard it or fear it. Money represents safety and security.   We spend a considerable chunk of our lives trying to accumulate […]

  In my book True Family Wealth; Love, Money and an Inspired Life, I describe that regardless of whether we earn money, buy money, or were given money, we all have something in common. We are born, and we die. In between, we all have twenty-four hours each day that we live—we just don’t know […]

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 […]

For True Family Wealth, here are five ways all members of your family can thrive. For emotional maturity, aim for detachment from emotions such that you learn to feel and acknowledge them, respond where appropriate, and then let them go. Avoid creating family drama and stories over issues that are usually not about you, yet […]

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 […]