643advisory is a global boutique advisory firm specializing in assisting early stage companies grow domestically, then globally, enabling them to realize their full potential.
Boutique Family Office Services
At 643advsiory, we firmly believe family governance is essential to the successful transfer of multi-generational wealth. This belief has been confirmed through decades of work and research by leaders in the family wealth space. Our primary objective is to help our families navigate the topic of family governance. In addition, we present an approach to creating a system of family governance that not only aligns with industry best practices, but also has proven successful for many of our client families.
The benefits to families that establish successful family governance policies and procedures and adhere to what they created can be invaluable and provide opportunities to enhance communication, reduce potential conflict, educate the next generation, preserve the family legacy, sustain the family capital, and build family leaders for the future.
“An overarching theme regarding cross-generational communication is how all past generations need to understand the ways of the younger generations and respect the new world they live in; the younger generations also need to understand and respect the amount of experience the older generations bring to bear.
Some of the “hot buttons” include: generational generalizing (i.e. “you All do this”, “you ALL do that”); unsolicited parenting advice; needs for immediate gratification; the inability of older generations to adapt and change with the times; the impact of technology; ultra busy schedules; and the older generations’ wishes to hold on to tradition “as they know it.”
643advisory successfully works with wealthy inter-generational families to solve this complex issue
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