Introduction

According to James E. Hughes Jr., author of Family Wealth: Keeping It in the Family, “The failure of wealth management does not come from financial mistakes, but from the lack of vision, communication, and succession processes.” In addition, Dennis Jaffe (Wealth 3.0) states that “Wealth management is not only about money—it is about managing identity, power, purpose, and succession.” Therefore, this course introduces the nature of family wealth and asset management, focusing on wealth preservation and growth, intergenerational transfer, balancing spending and investment, risk management, as well as strategies for legacy development and leadership within the family business context.

Key benefits of the program for family businesses include:

1. Understanding the concepts, characteristics, and frameworks of family wealth management.
2. Building plans for preserving and growing wealth across generations.
3. Developing long-term thinking for effective asset transfer to ensure continuity across generations.
4. Identifying the essential capabilities for effective wealth management, especially for next-generation successors.

This program is designed for:

1. Family business leaders and family members preparing for succession.
2. Entrepreneurs starting their businesses and preparing the next generation.
3. Managers seek to understand family businesses in order to work effectively and integrate into this model.

Program format:

The program runs for 30 hours (customisable), delivered by experienced researchers and consultants. Materials and content are standardised based on leading research and reputable publications in the field of family business. Classes are offered on a customised, “tailored” basis to address the specific issues of participants. Mode of delivery: in-person training.

Content

Reference

1. Harvard Business Review Family Business Handbook: How to Build and Sustain a Successful, Enduring Enterprise
2. 6 Traits of Strong Family Businesses
3. Understanding the Family Business: Exploring the Differences Between Family and Nonfamily Businesses
4. Generation to Generation: Life Cycles of the Family Business. Authors: Kelin E.Gersick, John A. Davis, Marion McCollom Hampton, Ivan Lansberg
5. IFC (2021). Family Business Governance Handbook.
6. Sharma, P. (2019), Pioneering Family Firms’ Sustainable Strategies
7. Các tài liệu được biên soạn theo đặc thù riêng của từng lớp học.