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We have curated some resources for you
These resources will help to improve your perspective on wealth, answer some questions you may have and generally enlighten you on wealth management, preservation and keeping a lasting legacy.
The Family Focused office
The Family-Focused Office goes beyond traditional wealth management by integrating governance, family dynamics, and long-term vision to support enterprising families. Unlike conventional family offices that prioritize financial investments, this approach ensures alignment between family values, business interests, and legacy planning. By emphasizing stewardship and continuity across generations, it helps sustain both financial and non-financial wealth, ensuring a lasting impact for future generations.
The Five Capitals of Wealth By Jay Hughes
In The Five Capitals of Wealth, Jay Hughes explores how families with significant financial resources can build lasting legacies by focusing on five key forms of wealth:
- Human Capital – The well-being, personal growth, and fulfillment of family members.
- Intellectual Capital – The knowledge, experiences, and learning shared across generations.
- Social Capital – The strength of family relationships and connections within the community.
- Spiritual Capital – A shared vision rooted in humility and gratitude.
- Financial Capital – The assets that support and sustain the other capitals.
By prioritizing these interconnected forms of wealth, families can create a flourishing legacy that endures for generations.
Five Capitals of Wealth by Timothy J. Belber, JD, AEP
Building on Jay Hughes’ original concept of The Four Capitals of Family Wealth, the framework has evolved into The Five Capitals of Family Wealth: Human, Intellectual, Social, Spiritual, and Financial Capital. These elements work together to create a thriving, well-balanced family enterprise. While Financial Capital is often prioritized, it is intentionally placed last, as its role is to support the other four. By focusing on these capitals in family meetings and long-term strategies, families can cultivate a lasting legacy that extends beyond monetary wealth.
Authors and Druckers Interview with Jay Hughes
In this insightful conversation hosted by the Drucker School of Management’s Authors at Drucker series, Jay Hughes, a leading expert in family enterprise and generational wealth, discusses the deeper meaning of legacy with Dave Spec, Director of the Global Family Business Institute.
Drawing from his book Cycle of the Gift: Why Giving Is the Key to Our Greatest Hopes, Hughes explores the emotional and philosophical aspects of wealth transfer, emphasizing the importance of passing down values, not just assets. He shares powerful anecdotes and addresses key questions on preparing heirs, the role of trustees, and fostering responsible stewardship across generations.
Curious to hear his wisdom firsthand? Click the link to watch the full interview!
