At the Alchemia Group we are helping our clients think & act differently in regards to their wealth and its impact on thier family - because we know it is more than just numbers and plans, it's the Balance of Art & Science with Pragmatism and Vision.
This month I’ve asked my friend and colleague Courtney Pullen (http://www.pullenconsulting.com) to share a practice he uses in his work as a Family Wealth Consultant. Here is his idea on a practice to try for March:
I have been having a lot of fun over the last few years working with families identifying the nuances of their legacy, for example, what is the emotional legacy of the family? Following is an exercise I have been using that has generated a lot of interest and follow up conversations. This exercise is designed to get at a persons money messages.
Make sure and set some private time aside to respectfully engage with the exercise. Feel free to only focus on the questions that draw your attention.
Planning Pointer: Rituals and Traditions are an important part of successful families. Call your favorite advisor for lunch or coffee. Talk about how to document some of your family traditions and be sure to include the Money Message conversation.