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Are You Willing to “Share the Wealth” Across Family Lines?
This is a question many wealthy families ask themselves and one that a private wealth manager should pose if an individual or family is considering creating a family office. The answer isn’t always easy because not all families are created equal. For some families, it’s a foregone conclusion; they want to bring all generations of the family and their diverse viewpoints into investment decision making and share wealth for generations to come. For others, the idea of a family office is interesting, but realistically, not right for them. Perhaps, they feel their wealth is better suited solely for philanthropic initiatives, or they want to keep their wealth separate from others to encourage independence. ....

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