How Millennials are innovating family offices

The “Great Wealth Transfer” is well underway, with more than $100 trillion expected to be transferred from older generations to their heirs through 2048, according to Cerulli Associates. Goodboy Photo Company | E+ | Getty Images As younger generations inherit the baton of wealth, heirs to wealthy families are taking a more active role in…

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What they wish they knew

Over the course of 15 years, I’ve interviewed hundreds of entrepreneurs and their parents to find out how they raised them. On the whole, these families are very happy with their children’s results. Parents say their adult children are not only financially successful, but also generous and kind. But looking back now, many parents tell…

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