They don’t want to fall prey to the “shirtsleeves to shirtsleeves in three generations” phenomenon. They certainly don’t want to be among the 70% of families whose wealth is gone by the time it should reach their grandchildren.*(Preparing Heirs, William & Preisser, 2010) So, they hire platoons of people to manage their financial and legal matters. They want to make sure they’ve covered every potential danger of loss and found the best ways to protect, grow, and transfer their money. They hire incredibly competent people who do a great job.
Yet the vast majority of families fail anyway. They simply can’t overcome the greatest threat to their wealth—the family.
Joanne understands the issues and the pathways to success. If families were to put the same kind of relentless effort and commitment into planning for good family relationships as they do into planning for successful financial outcomes, they would beat the odds. They would have a hugely increased chance of being in the 30% of families who succeed in being able to transfer their wealth beyond three generations.
It’s a paradigm shift for some families to consider having a coach—an advisor—for the family as they have for their portfolio and their estate plan. But those families who take up the challenge and commit to keeping the family together with strategic coaching are much more likely to enjoy both financial and emotional prosperity.
Building a successful and happy multi-generational family isn’t easy. But with the right help, any family can tackle crises, resolve conflicts, improve communication skills, repair trust, and deal with a variety of emotional issues that block families from thriving. Joanne can help your family deal with the “people” problems—the sibling squabbles, jealousies and competition, relationship conflicts and catastrophic impacts of divorce, addiction and other emotional problems than can damage (sometimes beyond repair) your family’s ability to flourish in the future. Simply stated, Joanne makes the process approachable, positive and renewing.