Family Legacy and Leadership Preserving True Family Wealth in Challenging Times

by Daniell, Mark; Hamilton, Sara

• ISBN13: 9780470825716
• ISBN10: 0470825715
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-11-02
• Publisher: Wiley

Summary

To date, there is no book specifically tailored to this highly lucrative market on the subject of leadership of a wealthy family. Leadership of a wealthy family involves addressing many complex and interrelated issues such as family organization, communication within and across generations, the roles of patriarchs (and matriarchs), preparing children for inheritance (or non-inheritance!) of family wealth, approaches to protect and enhance family wealth, and other issues specific to wealthy families.This book will would draw from the human issues part of Strategy for the Wealthy Family and supplement it with material drawn from the archives and publications of the FOX Network, by far the leading authority in the Family Office space.

Author Biography

Mark Haynes Daniell is Chairman of The Cuscaden Group, his own family office in Singapore, which serves as an investment and advisory business helping the leaders of wealthy families to define and implement their own legacy plans and long-term investment strategies.
Daniell is a former Director of Bain & Company and Wasserstein Perella. He holds degrees from the Harvard Law School, Oxford University, Amherst College, the Institut d'Etudes Politiques de Paris, the Sorbonne-Université de Paris IV and the Phillips Exeter Academy.
He is a frequent expert guest commentator on CNBC, the BBC, CNN and Channel News Asia and the author of seven books, including Strategy for the Wealthy Family: Seven Principles to Assure Riches to Riches Across Generations.

Sara S. Hamilton is the founder and CEO of Family Office Exchange (FOX), the definitive source of information and best practices associated with the business of managing family wealth across generations.
She serves on the Executive Education faculty of the University of Chicago Booth School of Business for the course on Private Wealth Management offered twice a year in Chicago.
In 2009 and 2010, Hamilton was named as one of the "Top 50 Women in Wealth Management" by Wealth Manager. She serves on the editorial boards of the Journal of Wealth Management and Trusts and Estates as well as a Founding Board of the Chicago Global Donors Network.
Prior to founding FOX, Hamilton worked in marketing and strategy at Harris Bank and AT&T Information Systems. Hamilton holds a Bachelor of Arts degree from Vanderbilt University and an MBA from the University of North Florida.

Table of Contents

Dedication	p. vii
Acknowledgments	p. xi
Prologue	p. 1
Family Legacy and Legacy Planning	p. 7
Building an Enduring Legacy	p. 9
Defining a Clear Philosophy of Family Wealth	p. 19
The Family Promise, the Constitution, and Responsible Ownership	p. 29
Preparing Children for the Responsibilities of Wealth	p. 47
Philanthropy as a Cornerstone of Legacy	p. 61
A Practical Framework for Legacy Planning	p. 75
Family Leadership and Succession	p. 91
Leadership Challenges in the Family Enterprise	p. 93
Proven Approaches to Family Leadership	p. 107
Leadership Skills for the Twenty-First Century	p. 121
Passing the Torch	p. 135
Crossing Generational Bridges	p. 149
The Management of Risk and Change	p. 163
Managing Risks to Wealth and Wellbeing	p. 165
Designing a Family "Eco-system" Worthy of Trust	p. 179
Mastering New Challenges to Financial Wealth	p. 195
Structuring the Family Office as Manager of Risk and Change	p. 209
Creating an Entrepreneurial Culture in the Family	p. 223
Epilogue: Future Leadership Challenges	p. 233
Appendices
Profile of Family Office Exchange	p. 237
Operating Frameworks for Legacy, Leadership, and Risk Management	p. 241
Strategies for Creating an Entrepreneurial Culture	p. 243
Recommended Reading List	p. 247
Bibliography	p. 249
Index	p. 261
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