Many high-net-worth families embrace the idea that family meetings should be a vital part of involving and preparing the next generation. Even when convinced of the value, however, families can be reluctant to take the first step. They may have reservations about how to handle sensitive information, disruptive family members, and questions from in-laws, and they may not know when it’s appropriate to talk big numbers.
In this podcast, Mathew Harrison, Head of Burgundy’s Private Client Group, speaks with internationally recognized family wealth consultant Dr. Jim Grubman. Dr. Grubman discusses how to move forward in this important area of family wealth management by sharing tips on initiating, continuing, or expanding a meeting process for your family.
Highlights of the Session Include:
- 03:09: Basics of Family Meetings
- 10:32: Outside Facilitators
- 11:53: Children and the Next Generation
- 15:58: Partners and Married Spouses
- 18:17: Starting the Process
For an alternate format, access the transcript via the “Download PDF” link at the top of this post. The transcript has been edited for clarity.
Family Wealth Consulting
For more information, including recommendations on resources for your family meeting process, please contact us.
This post is presented for illustrative and discussion purposes only. It is not intended to provide investment advice and does not consider unique objectives, constraints or financial needs. Under no circumstances does this post suggest that you should time the market in any way or make investment decisions based on the content. Select securities may be used as examples to illustrate Burgundy’s investment philosophy. Burgundy funds or portfolios may or may not hold such securities for the whole demonstrated period. Investors are advised that their investments are not guaranteed, their values change frequently and past performance may not be repeated. This post is not intended as an offer to invest in any investment strategy presented by Burgundy. The information contained in this post is the opinion of Burgundy Asset Management and/or its employees as of the date of the post and is subject to change without notice. Please refer to the Legal section of this website for additional information.
