Go slow to go far
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Traditionally, wealth advisers use a succession planning framework. This involves working with the founder (or founders) to look downstream to the next generation for an effective "passing of the baton" strategy.

In contrast, the multigenerational approach, which I have trained in, encourages each person within the family system to contemplate and share with the others where they've come from, what they've come with, what they wish to pass on and what they wish to leave behind.

This process of discovery becomes integral to the intervention that is proposed (whether that be a new foundation strategy, a succession plan, an investment policy or a family charter). If undertaken successfully, it is this process that will drive the change within the family system and lead to the successful implementation of the intervention.

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