Is your family prepared to inherit a complex wealth landscape?
A successful transition of wealth begins with focusing on the family that sits at the centre of everything and where control ultimately lies.
Advisors, legal and governance structures are all there to support the family in governing and executing its Family Mission Statement and Goal.
what Work Needs to be done?
The core work is to build strong foundations for a transition
Align Needs & Interests
Collaborating cross-generationally to understand what everyone wants individually, identifying common ground on which to establish a solid foundation, before building a collective purpose that is both empowering and unifying.
Define a Common Goal
Clearly identifying the collective values, mission and goal for the family over the medium to long term, and developing this into a powerful yet simple Mission Statement and Family Goal.
Analysing and assessing the risks that a family faces across its Human and Financial Capital.
Collaboratively developing a practical plan to mitigate these risks across a short, medium and long-term horizon.
Educate Future Generations
Preparing the next generation to become effective stewards of this wealth with a very practical focus in the following areas:
Managing liquid wealth
Reading complex financial statements
Governing as responsible owners
Understanding trusts and how trustees work
Empower Each Individual
Coaching, mentoring and training every individual in the family to enable them to become their best versions:
Maximising leadership potential
Finding the bliss and opportunities in this wealth
Developing dynamic communication skills
Reframing limiting beliefs
Gettting clarity on life purpose, vision and values
Roles & Responsibilities
Collaboratively working together to identify the key roles and responsibilities across the financial and human capital of the family, to develop a clear plan with protocols, policies and procedures across:
Ownership roles in the family business
Participation in family business / family office
Stewardship of liquid wealth
Hodges Consulting prepare families to transition wealth to the next generation