The Journey Up: Rising Economic Culture

On today’s show, we will be talking to Dr. Jim Grubman and Dr. Dennis Jaffe. Dr. Jim Grubman is a consultant to multigenerational families and their advisors about the issues that arise around wealth. He helps families establish healthy patterns of communication, governance, estate planning, and parenting for succeeding generations. He is the co-author (with Dennis T. Jaffe, Ph.D.) of Cross Cultures: How Global Families Navigate Change Across Generations and has a new book, Strangers in Paradise: How Families Adapt to Wealth Across Generations.

Dr. Dennis Jaffe is a leading architect of the field of family enterprise consulting and an acclaimed speaker and workshop leader in programs for business families and financial service firms. Dennis is a research associate at Wise Counsel Research, a Family Business Scholar at the Smith Family Business Program at Cornell University, a faculty advisor at the Ultra High Net Worth Institute, and a regular contributor to the Forbes Leadership channel.

During this episode you’ll hear 

• The meaning behind The Journey Up and how to address that issue
• Distinguishing the difference between the immigrants and natives in the rise of economic culture from wherever the wealth creator started to a place of wealth
• What issues are related to being an immigrant to wealth and a native of wealth, how are they similar, and how are they different
• What's happening within families with the succeeding generations of wealth
• The role of good family communications, particularly as families move further away from the creator of wealth
• How important is it to talk about family values, skills, legacy desires, and the use of stories to relate to succeeding generations
• Who are the “avoiders" and what are some of the issues associated with this kind of “coping” strategy
• Using the “integration” strategy to be wealthy and have things work out well for both yours and succeeding generations of the family
• How the in-laws to families can play into this whole situation

Jonathan Krueger is an Investment Advisor Representative with Lion Street Advisors, LLC, a Registered Investment Advisor. Opinions expressed on this program do not necessarily reflect those of Lion Street Advisors, LLC or LionsGate Advisors. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Neither Lion Street Advisors, LLC nor LionsGate Advisors offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.

Resources:

Dr. Jim Grubman is a consultant to multigenerational families and their advisors about the issues that arise around wealth. He helps families establish healthy patterns of communication, governance, estate planning, and parenting for succeeding generations. He is the and co-author (with Dennis T. Jaffe, PhD) of Cross Cultures: How Global Families Navigate Change Across Generations, and has a new book, Strangers in Paradise: How Families Adapt to Wealth Across Generations.

Dr. Dennis Jaffe is a leading architect of the field of family enterprise consulting and an acclaimed speaker and workshop leader in programs for business families and financial service firms. Dennis is a research associate at Wise Counsel Research, a Family Business Scholar at the Smith Family Business Program at Cornell University, a faculty advisor at the Ultra High Net Worth Institute, and a regular contributor to Forbes Leadership channel.

Website:
https://dennisjaffe.com/
http://jamesgrubman.com/

LinkedIn:
https://www.linkedin.com/in/dennis-jaffe-a686286/
https://www.linkedin.com/in/jim-grubman-80b4289/