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The Role of the Family Bank and Four Keys to Success

Posted by Dr. Kirby Rosplock on 27 January 2015

In this week’s blog post, I discuss the role of the family bank, and four keys to successful implementation of this entity.

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The Role of the Family Office in Building a Foundation for Financial Independence

Posted by Dr. Kirby Rosplock on 7 January 2015

The desire for progeny of wealth families to develop an appreciation for financial independence is often top of mind for the family office. Especially families seeking to preserve their wealth for generations yet to be born appreciate the need for all of their members to be thoroughly educated and prepared for the responsibilities of family wealth. Without this preparation, families may not be adequately prepared to make shared decisions as owners. Family Office Exchange (FOX) has found that wealth education activities can help increase the odds of producing next generation family entrepreneurs; Through cultivate the knowledge, commitment and unity among family members, fostering a sense of engagement and ownership, maintaining family wealth while encouraging their philanthropic endeavors, and grooming the next generation to successfully take responsibility for their wealth, the question of sustaining the family wealth may not be as feared.

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Viewing entries posted in January 2015