Family Wealth

Beschreibung

The landmark book that changed the way exceptional familiesthink about their heritage, their wealth, and their legacy tofuture generations--now revised and expanded. Every family, looking at the next generation, hopes to conferadvantages that are more than just material and financial--toinculcate character and leadership, to inspire creativity andenterprise, to help all family members find and follow theirindividual callings, and to avoid the financial dependency and lossof initiative that can all too often be an unwanted consequence offinancial success. Yet many families never succeed in realizingthat vision, much less sustaining it for three, four, or fivegenerations and beyond. James Hughes has thought deeply about these challenges, and hisinsights are at once practical and profound. For more than threedecades, he has personally guided multiple generations of familiesin creating strategies to preserve their human and intellectualcapital as well as their financial assets. His teachings synthesizeinsights from psychology, anthropology, political history,philosophy, economic theory, and the law, with examples rangingfrom Aristotle to cutting-edge social science theory. His ideashave been taken up by numerous exceptional families, by theiradvisers, and by scores of authors, practitioners, and academicswho have found value in the methods he pioneered. The first edition of this book, privately published, became aword-of-mouth classic. Now, Hughes has updated and substantiallyexpanded it with new chapters that challenge conventional notionsof wealth and offer guidelines for conserving family assets in thebroadest senses. Filled with tested principles and practices forfamily governance and joint decision making, it is a rich source ofworkable wisdom that family members can put into practice today, tothe enduring benefit and gratitude of future generations.

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James E. Hughes

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"Family Wealth is a brilliant case statement for theimportance of the nurturing of character, of self-confidence, andof respect for the value of work. . . . A must-read." --H. Peter Karoff Founder and Chairman, The Philanthropic Initiative, Inc. "Essential reading for insightful families." --Sara S. Hamilton Founder and CEO, Family Office Exchange, LLC "Jay Hughes's work with families, including his own, gave himthe gift of learning the history of many, many families. Withinthat context he has written a book that illuminates previously onlydimly lit concepts." --Charlotte B. Beyer Founder and CEO, Institute for Private Investors (IPI) "An approach to wealth preservation that values not only moneybut people. Hughes shows us why that approach matters and how itworks for the family that wants a better future for itself and theworld at large." --Peter White Managing Director, Family Advisory Practice, Citigroup PrivateBank "Invaluable direction . . . an essential guide for the creationof legacy families." --Lee Hausner, PhD Author of Children of Paradise: Successful Parenting forProsperous Families Partner of IFF Advisors, LLC "Incredibly provocative, thoughtful . . . a must-readfor those we call 'patriarchs' and 'matriarchs,' their keyintermediaries, all trustees and beneficiaries, and everyone whoaspires to earn the title 'trusted adviser.'" --Michael J. A. Smith Head of Wealth with Responsibility Program, U.S. Private Wealth Management, Deutsche Bank
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