Preparing to inherit wealth involves many interdependent facets that can become overwhelming. To overcome these challenges, Boston Private partnered with the University of Chicago Booth School of Business to develop a Mentorship and Preparedness Program that readied next generation family members for their transition. Hear about this 6-week program from a recent participant.

Boston Private Executive Vice President Bill Woodson discusses the ways that philanthropic activities can help bridge the generational gap between family members and provide long-term wealth preservation, family unity and a stronger sense of purpose to the next generation.

The wealth management industry is evolving at a breakneck pace. Increased competition, the proliferation of technology and changing consumer preferences are propelling the industry to a new age.

This year has been challenging for small businesses. During the holiday season, consider “shopping small” to support the businesses in your community.

We surveyed over 200 family office executives to understand the various risks family offices face, and how equipped they are to deal with these risks.

Geriatric care managers help your family identify and select housing and health care options that best fit the needs of your aging parents.

As a savvy consumer of financial services, it’s important to understand how your assets are safeguarded.

Financial wealth is just one things that makes family offices a prime target for fraudsters. A family’s public status and social media use can also make them more susceptible to physical, reputational and privacy-related threats.

Those families who look to preserve, protect and pass generational wealth recognize a strategic opportunity as interest rates and asset values continue a downward trend. We review wealth transfer strategies families are deploying to capture the unique benefits of these unprecedented market conditions.

We outline why the COVID-19 pandemic puts family offices at increased cyber and financial risk. He provides seven practical steps that principals and executives can take to mitigate risk and position their family office for success after this crisis has passed.