Family Wealth: — Keeping It in the Family — How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations, Revised and Expanded Edition

Preface

Praise for this edition of Family Wealth—Keeping It in the Family: How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

by James E. Hughes Jr.

" Dr. Maslow taught us that once we took care of the basics, we could concentrate on higher callings in our lives. James Hughes teaches us that most families, once they have achieved the pinnacle of success, are faced with the threat of not preserving their wealth. What can be done to break this unending cycle of rags to riches to rags? Any family member or adviser to them should read this landmark work. We therefore give it to every family we educate, as a gift to them and their future generations."

—Thomas R. Livergood, CFP President, Family Office Management CEO and Founder, The Family Wealth Alliance

"What is most transformational about Jay Hughes's message in Family Wealth is his emphasis on the value of 'human capital' and his insight that within wealthy families, the real wealth lies in the individuals who make up the family, not in their balance sheet as it is conventionally understood. The self-evident truth of Hughes's analysis, borne out time and time again, should not be revelatory, but sadly, for too many families, those with wealth and those of more moderate means, it is. Family Wealth is a brilliant case statement for the importance of the nurturing of character, of self-confidence, and of respect for the value of work. This book broadens our understanding of the many ...