Best Practices for Managing Conflict in Family Offices
Andy Busser is the President of Family Office at Pitcairn, a 100 year-old family office serving more than 100 families around the United States.
Podcast: Best Practices for Managing Conflict in Family Offices
Key Highlights
[00:01 – 12:51] Conflict in Families: How to Manage It
- Andy discusses the different types of family conflict and how to manage them
- How conflict is inherent within families
- Best practices for managing conflict, including pre-planning, finding a sounding board, and staying calm
[12:52 – 18:04] Tips for Preventing Family Conflict
- Why the best practice for family conflict resolution is to have a mix of internal and external experts
- Having a third party help, such as a therapist or psychologist, can be hugely helpful
- Why it is important to find common ground with ancestors in order to create a vision for the future of the family
[18:05 – 30:09] Choosing the Right Family Office Platform
- Having a third party help, such as a therapist or psychologist, can be hugely helpful
- The number one issue families face is succession planning
- Why kids need opportunities to engage in responsibility, such as through a family council or committee
[30:10 – 31:30] Closing Segment
Additional Links:
LinkedIn: https://www.linkedin.com/in/abusser/
Website: www.pitcairn.com
Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/
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