Affluent families possess a unique opportunity to shape society’s future through their philanthropic goals and endeavours. The ability to deploy significant funds towards causes you care about is a powerful tool for change. However, the landscape of philanthropy is shifting. Gone are the days when simply writing a check to a favourite charity was enough. Today’s philanthropists are expected to
Ultra-high-net-worth (UHNW) families have long helped to shape economies, industries, and societies. With their substantial wealth and influence, these families are often at the forefront of innovation, philanthropy, and economic development. This article explores the journey of these influential families, from their historical roots to their present-day impact, and contemplates their future role in a constantly shifting global economic setting.
The transition of wealth leadership from one generation to the next is a critical process that shapes the future of family legacies. It’s about ensuring the next generation is fully prepared to manage, grow, and responsibly steward the family’s wealth. The complexities involved in the ultra-high-net-worth (UHNW) wealth transition are numerous. They range from understanding intricate financial structures to navigating
Family businesses are unique, merging personal bonds with professional goals to forge a dynamic mix of strength and complexity. This interesting, unique blend can lead to greater success, but it also presents distinct challenges that require careful navigation. As a wealth steward in a family enterprise, you might wonder: Why do some family businesses flourish through generations while others falter?
It’s not an uncommon phenomenon for two ultra-high-net-worth (UHWN) families to merge when there is a union between family members. Driven by a variety of factors, these unions may arise from the desire to consolidate wealth in specific industries, diversify assets across sectors, or tackle larger philanthropic endeavours. In some cases, they are a strategic approach to preserving wealth and
Family businesses are often a testament to the entrepreneurial spirit, shared values, and commitment to their legacy. Many families take pride in their entrepreneurial heritage, which has guided their success across generations. Given that family members are likely to work together toward the same legacy vision, keeping the business in the family may seem like a natural and easy choice.
Beacon Family Office at
Assante Financial Management Ltd.
Suite 519, 10333 Southport Road S.W.,
Calgary, AB T2W 3X6
