Key Highlights

[00:01 – 10:19] Navigating Generational Wealth Transfer

• The generational wealth transfer between baby boomers and either Gen Z or millennials is happening in real-time right now
• There is a skill gap in the mid to more senior-level professionals that need qualitative skills
• Advisors need to have the skills to know when and how to refer to communication and family dynamics

[10:20 – 25:04] Assessing Wealth and Wellness in Family Enterprises

• Family Office Exchange developed a family advisor training program
• Organizations need to develop people holistically or risk losing talent
• Beneficiary prep is a holistic journey, not just about trust and estate or entity taxation
• Look for credible sources such as authors, presenters, or certification programs

[25:05 – 33:58] Examining the Positive Trends in Family Enterprises and Leadership Development

• Bringing in a third-party vendor to audit the family system can provide valuable insight
• Mental health issues are becoming destigmatized, leading to more focus on wellbeing
• Leadership development, talent training, and advisor development are key areas of focus
• Optimism is the set point when it comes to the direction of families and enterprises 

[33:59 – 35:25] Closing Segment

Additional Links:

LinkedIn: https://www.linkedin.com/in/jeff-strese-8622b36/ 

Website: https://jeffstrese.com/ 

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/