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No images? Click here 7 ways affluent families can raise grounded children in a world of abundanceWithin the family office world, we spend considerable time discussing the preservation of wealth. But far less attention is given to a quieter—and arguably more consequential—question: Are we preparing children for wealth as intentionally as we are preparing wealth for children? Lindsay Hollinger, vice-president and co-founder of Granite Family Office in Westmount, Que., writes about how wealth changes the emotional environment of childhood. It softens friction, reduces limitation and increases access to comfort and convenience. Over time, this can unintentionally alter the experiences through which resilience, maturity and self-efficacy are formed. It's our most popular article so far this week. Where you'll find us
Feel free to send us feedback at info@CanadianFamilyOffices.com MEMBER CONTENTStenner: The key Upper Wealth Curve™ complexities and conversations shaping wealthy families todayWhy significant wealth, significant liquidity events and Tax Alpha™ have become three defining discussions for families from $25 million to $500 million+ Three distinct conversations are increasingly surfacing in the lives of affluent and ultra-high-net-worth families. The first is the broad but essential question of how to steward significant wealth. The second is the more acute challenge of navigating significant liquidity events without allowing a major payday to become a major missed opportunity. The third is the more technical but highly consequential issue of Tax Alpha™— not as a slogan, but as a practical framework for helping families improve what they actually keep after tax. These are not separate silos. This article is brought to you by Stenner Wealth Partners+. MORE TOP STORIESKeeping a low profile can come at a cost for charitable family foundationsDonors of all stripes are facing scrutiny, and foundations should be explaining what they do, who they are and what they value Video: ‘Beyond the Family Business’ with Jen McCain, president of Irie Capital Corporation‘Defining yourself and your individual identity outside of the system is a really important piece of being part of a large family business.’ Sponsored by BMO Private Wealth RECENT ARTICLESFamilies seeking outside advice want investment diversification, ‘octane for their portfolio’But outsourcing can also bring a loss of control, reduced transparency and culture clashes with the family Will software ever be secure again? How to prepare for a powerful new AI threatAs AI tools give hackers unprecedented capabilities to develop software exploits, family offices need to re-invest in security practices Summer books: Seven advisors share what they’ll be reading at the cottageReflecting our turbulent times, their picks tackle lessons learned from finance as well as human history As tech reasserts its dominance, meet Canada’s top 10 technology mogulsOur country has most, but not all, of the key elements needed to nurture tech entrepreneurs—and get them to stay What $10 million buys in cottage country, from B.C. to Ontario to Quebec‘Trophy’ properties are giving way to luxurious recreational homes that build legacy while favouring value and lifestyle |