Adapting to and Addressing Addiction Issues in a Family System
Addiction / Advising / Case Studies / Succession

Adapting to and Addressing Addiction Issues in a Family System

While all families have varied strengths and difficulties, addiction and other chronic behavioral health issues present significant risks to family well-being and wealth preservation. When those issues surface, advisors may need to adapt their skill sets to manage the impaired beneficiary and encourage the family to seek professional help. Common misconceptions hold that wealth is … Continue reading

Addiction and Family Business
Addiction / Advising / Behavioral Science / Consulting / Issues in the Family Enterprise

Addiction and Family Business

Thanks to Jim Hutcheson of ReGENERATION Partners for this contribution to “Blogs from the FFI Fellows.” Addiction contributes to poor communication, lack of trust, and even dysfunction in family enterprises. Data from a 20-year study led by ReGENERATION Partners indicates that over 50% of family firms seeking assistance from a family business consultant have an … Continue reading

Constellations – Part II
Addiction / Advising / Behavioral Science / Case Studies / Consulting / Family Business / Family Enterprise / Issues in the Family Enterprise / Research in the Field

Constellations – Part II

The second in the November series on Constellations, this issue features articles by Oscar R. Peña on “The Systemic Perspective at the Family Enterprise Field,” and Arden O’Connor and Michael Madera on “Addiction, Advisors and Alliances: Working together to address complex family issues.” Continue reading

Addiction, Advisors and Alliances: Working together to address complex family issues
Addiction / Advising / Behavioral Science / Consulting / Family Business / Family Enterprise / Issues in the Family Enterprise

Addiction, Advisors and Alliances: Working together to address complex family issues

Even within the healthiest family systems, advisors to high net worth families have to balance competing agendas, challenging family dynamics and the preservation of wealth. If one member of a family “fails to thrive” or struggles with substance use or mental health issues, the remaining family members may experience intense emotions ranging from frustration, resentment … Continue reading

Haunted Mansion: Secrets and Ghosts in Client Families
Addiction / Family Enterprise / Issues in the Family Enterprise

Haunted Mansion: Secrets and Ghosts in Client Families

Even the most astute and thoughtful advisor can lose sight of issues which, if unaddressed, threaten to destroy the stability of the family enterprise. This article by Gerry Donnellan of Big Leap Family Business Advisors and Brandeis University addresses  “ghosts in the room” and “secrets in the family” which threaten to undermine legal, financial, family … Continue reading