FFI 2016 Global Conference

Relative Solutions is proud to be a Sponsor of “Best Dissertation Award” at the FFI Annual Conference in 2016. As FFI marks 30 years of excellence and service to the field of family enterprise and its practitioners, we are honored to be a part of this community alongside our fellow peers and colleagues. Relative Solutions has sponsored the “Best Dissertation Award” since 2011 and we congratulate this year’s winner, Joshua Nacht, for his work on “The Role of the Family Champion.” #RelativeSolutions #FFI@30

October 28, 2016

Clarifying the Family’s Legacy and Future Direction

A fifth generation enterprise family had just sold its original business. The family members realized they felt unclear where to focus their future endeavors, but they wanted to think and work together in some way.

Relative Solutions’ Direction:
Relative Solutions met with the family’s task force to define the ways in which we might be helpful. The six people on the task force, who were fifth generation members of the branches of the family, had been responsible for the selection of the consultants and were now charged by the family with defining the next steps.

Together, the family task force and Relative Solutions mapped out a plan that entailed approximately a year’s work. They agreed that the family would meet as generational and branch groupings to discuss their vision and mission for remaining together in the family enterprise. The family also began to define what they thought those enterprises ought to be, including operating companies, investments and/or philanthropy. They planned a kick-off educational seminar to bring the entire family up to date on the current family holdings and at which family trust and other legal matters would be discussed. Work groups evolved from the initiatives defined in the seminar, and these, as well as the family groupings, continued to work with Relative Solutions.

The family decided to act on the results of their work group findings at the next family retreat/seminar. The task force and the family worked together in this format for a full year and defined the family’s core values, vision, mission, and strategic direction.

Relative Solutions is honored to be recognized by Wealth & Finance International

Relative Solutions is honored to be recognized by Wealth & Finance International for “Best Transition Planning Services 2016.” We deeply appreciate this award in recognition of our commitment to help family enterprises navigate change as they seek to transition their wealth across generations. Families that share assets must successfully manage the joining of their emotional and financial lives. We continue to strive to inspire – and be inspired by – those we serve.

FFI Podcast with Fredda Herz Brown and Carolyn Greenspon

Have you checked out the latest FFI podcast?  Fredda Herz Brown and Carolyn D. Greenspon, both senior consultants with Relative Solutions, sat down for an interview for the June issue of The Practitioner.  Hosted by Andrew Karlen, member of The Practitioner Editorial Committee, their conversation includes insights into the model used by Relative Solutions in their family enterprise consulting practice that mirrors the message they want to send to clients.  Founder and Fellow of FFI, Fredda Herz Brown also discusses how the Institute and field have changed over 30 years. We think you’ll enjoy it.

Click here for The Practitioner.

Fredda Herz Brown “Influencing Change in the Family” at the Citi Private Bank Family Office Leadership Program

Relative Solutions is pleased to be among the recognized thought leaders participating in the Citi Private Bank Family Office Leadership Program.  Fredda Herz Brown kicks off today’s events with a conversation on “Influencing Change in the Family.”  This three-day program brings together industry experts alongside family office principals and executives for meaningful dialogue and strategic analysis surrounding what makes for a successful family office and family office leader.

Relative Solutions is pleased to be among the recognized thought leaders participating in the Citi Private Bank Family Office Leadership Program.  Fredda Herz Brown kicks off today’s events with a conversation on “Influencing Change in the Family.”  This three-day program brings together industry experts alongside family office principals and executives for meaningful dialogue and strategic analysis surrounding what makes for a successful family office and family office leader.

4th Annual Private Banking & Family Office Summit

Did you know that 30% of family enterprises in mainland China are led by women?  How are some of the richest families in China dealing with this change in family dynamics while also managing the transfer of their wealth to the next generation?  Relative Solutions and Banyan Wisdom learn from each other on these topics and more at the 4th Annual Private Banking & Family Office Summit in New York on April 28, 2016.  Fredda Herz Brown shared herr knowledge on how best to navigate these transitions.  We are delighted to join this conversation with our peers and for this select group of enterprising families from China.