# Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors - Hardcover

by **Tom McCullough** (Author), **Keith Whitaker** (Author)

**Discover practical tools and strategies for helping wealthy families retain and grow wealth**

In _Top Practices Wealthy Families and Their Advisors_, accomplished family wealth experts Tom McCullough and Keith Whitaker deliver a comprehensive collection of practical activities that members of wealthy families can undertake to ensure their continued success and development.

The book contains over 50 chapters, each highlighting a practical tool, exercise, or activity that can be applied by advisors or family members themselves. Each chapter is written by a recognized expert in the field who has used the highlighted tool, exercise, or activity over many years with great success.

The book shows readers how to:

-   Identify the factors that matter the most when it comes to retaining and growing family wealth
-   Plan thoughtfully, invest wisely, and raise the next generation
-   Share their decision making prudently and carefully combine family and business
-   Incorporate charitable giving into an overall wealth strategy and seek sound advice

Perfect for family wealth advisors, financial planners, and private bankers, _Top Practices for Wealthy Families and Their Advisors_ is also an indispensable resource for managers of family trusts seeking to protect and advise their clients.

### Front Jacket

Significant family wealth brings many opportunities and benefits. At the same time, enterprising families face considerable challenges as they attempt to navigate financial and estate planning, succession, developing rising generation talent, and more. It is important for high-net-worth families to find and employ proven methods to help protect and improve their resources and family relationships over time.

In _Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors_, veteran family wealth practitioners and advisors Tom McCullough and Keith Whitaker have collected practical and hands-on tools, exercises, and activities for wealthy family members and the practitioners who advise them. Contained in 62 stand-alone chapters, written by leading family wealth advisors, these concrete strategies are designed to help families thoughtfully plan for their future, invest wisely, raise the next generation of family leaders, share decision making, and effectively connect with communities through philanthropy.

In this book, you will find templates, tools, and exercises you can apply immediately in your advisory practice or in your own family to determine legacy, identify core values, understand family complexity, and explore individual histories with money. This book offers a single, definitive source of actionable solutions from over 70 leaders in the field of family wealth advising.

_Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors_ is an indispensable guide for wealthy families and the family offices, advisors, consultants, lawyers and accountants who work with them to help them achieve their goals.

### Back Jacket

**Protect and grow family wealth and relationships with concrete strategies for high-net-worth families and their advisors**

_Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors_ is a practical and hands-on toolkit containing exercises, techniques, templates, and strategies that can be immediately applied by wealthy families and their advisors to help protect and grow their financial resources and family relationships. The included tools encourage readers to think through and determine their highest priorities, plan thoughtfully for the future, invest their assets wisely, raise the next generation of family leaders, and more.

Exercises like the Family Self-Assessment Tool and the Family Money History Questionnaire reveal foundational and important truths about the structure and behavior of wealthy families, while techniques like the Core Values Exercise demonstrate where family priorities lie and how to make decisions as readers move into the future.

An indispensable guide for family office professionals and other practitioners who advise wealthy families as part of their practice--as well as members of high-net-worth families themselves--_Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors_ is a one-stop, authoritative resource collected by two of the leading advisors and practitioners in family wealth today.

### Author Biography

**TOM McCULLOUGH** is Chairman and CEO of the Northwood Family Office, a multifamily office that serves the comprehensive needs of families of wealth. He has more than three decades of experience in the field of family wealth management and is an Adjunct Professor and Executive-in-Residence at the University of Toronto's Rotman School of Management. He is the co-author of two other books -- _Family Wealth Management: Seven Imperatives for Successful Investing_, and _Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask._

**KEITH WHITAKER, PhD,** is president of Wise Counsel Research, a leading consultancy to families with wealth on governance, communication, and the development of rising generation leaders. He has been published in _The Wall Street Journal, The New York Times, The Financial Times,_ and has co-authored six other books for Wiley, including _Cycle of the Gift, Voice of the Rising Generation,_ and _Complete Family Wealth._

**Number of Pages:** 464

**Dimensions:** 1.1 x 10.1 x 7 IN

**Publication Date:** September 07, 2022

## Details

- **Price:** 45.0 USD
- **Vendor:** Books by splitShops
- **Type:** Books
- **Tags:** Books by splitShops, Shopify Collective

## Variants

| Variant | Price | Available |
|---------|-------|-----------|
| Default Title | 45.00 USD | In stock |

## Images

- Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors - Hardcover

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