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​Managing the Impact of Wealth



It can be surprising to hear that just 30%* of families successfully sustain their wealth beyond three generations. The reasons for wealth transition failures are generally personal rather than technical – resulting from a breakdown of communication within the family, inadequate preparation of heirs, and lack of a shared family vision.

Successful families consider the impact of wealth on their family and look beyond financial capital to consider human, intellectual, and social elements of unique wealth.

This white paper helps families learn how to share their unique history, characteristics, and aspirations with younger generations. It includes starting points for discussion to help ensure a family’s wealth serves the family in positive ways and offers helpful advice on when and how to talk to children about family wealth.


  • It is as essential to manage the impact of wealth as the wealth itself.
  • Unique wealth has an impact on individuals, families, future generations, and communities.
  • A focus on planning for how wealth can serve your truest aspirations is one way to harness wealth’s potential for positive impact.
  • For those willing to proactively address the qualitative issues, there is so much a family of wealth can do right. It is important to step back, understand the full impact of wealth, and then implement strategies to ensure that the impact is positive.


*Source: Roy Williams and Vic Preisser, Preparing Heirs (San Francisco, Robert D. Reed Publishers, 2003).