Engaging the Rising Generation

Engaging and preparing the rising generation is the most cited topic when we ask our family office clients, "What's keeping you up at night?" To help address this concern, we interviewed:

55Families

28Future
Family Leaders

38Family
Office Executives

Download the full report to learn from their experiences and explore practical advice for equipping the next generation with the skills needed to successfully steward the family enterprise.

Perspective: The Parents

How much information should I share with my children about the family enterprise, and when?

Future family leaders (ages 25 – 40) want practical, actionable training that they can put to use in their lives, along with transparency about the senior generation’s succession plans and vision for the future.

Worst learning experiences, according to future family leaders surveyed:

Technical presentations
with jargon

Too much content
too fast or too soon

Anything that feels
like school

Perspective: Family Office Executives

What can I do to support the success of future family leaders?

Allocating funds for meetings and training opportunities that foster competence, connection and independence is one of the best investments in the family’s future that you can make. The health of the family’s relationships and connections between branches and across generations is the ultimate predictor of continuity.

What education/training has been provided?

According to families surveyed

A line chart adding up to 100% showing 12% for Nothing Yet, 44% for Informal Ad Hoc and 44% for Established & Recurring Age - Appropriate Learning

Perspective: The Rising Generation

How can I prepare myself to manage the family’s success?

Start early. Exposing the rising gen to the information and skills they need to feel ownership of their wealth (not owned by it) and allowing them to learn by doing and, at times, failing builds competency and confidence.

As you think about your future role in the family, what would you like to learn?

According to future family leaders surveyed

A group of quotes from our surveyed families

Engaging the
Rising Generation

Register to read the full report, which distills these perspectives into actionable advice for preparing the family office’s next generation to successfully steward the family enterprise.