Helping Families and Advisors with the Complexities of Wealth
Dr. Jim Grubman of FamilyWealth Consulting is an internationally recognized consultant, speaker, and educator in the multidisciplinary field of wealth counseling. He works with affluent families and their advisors to understand the many ways that wealth and life can be integrated successfully.
Using skills developed as a psychologist for over 30 years, he helps individuals and families work through the natural dilemmas of acquired or inherited wealth. He also teaches, trains, and collaborates with the important advisors in clients` lives. The goal - to help those with good fortune achieve their greatest potential.
Strangers in Paradise: How Families Adapt to Wealth Across Generations
Jim Grubman's long-awaited publication Strangers in Paradise: How Families Adapt To Wealth Across Generations is now available at Amazon.com. Based upon the groundbreaking insights first outlined with colleague Dr. Dennis Jaffe, the book explores in depth the similarities between newcomers to wealth and the journeys of ethnic immigrants to new lands. It also outlines the important steps families must take in raising well-balanced, responsible, and strong inheritors (“natives of the Land of Wealth”). Through concepts and human stories, the book explains how the key process for families of wealth – like all immigrant families – is adaptation.
Jim Grubman Quoted in Latest Malcolm Gladwell Book
Malcom Gladwell's newly-released best-selling book David and Goliath:Underdogs, Misfits, and the Art of Battling Giants cites the metaphor of "Immigrants and Natives" to wealth first articulated by Jim Grubman and Dennis Jaffe. Gladwell's book quotes Jim about how acquirers of wealth must change their approach to parenting, and how difficult that can be without guidance. The book provides examples of how starting off in adversity helps wealth creation, and how being raised with the comforts of wealth can inhibit success for some inheritors.
The book also discussed other seeming disadvantages like dyslexia which can - for some highly motivated individuals - create conditions that develop skills for success. For a deeper look at the beneifts and challenges of ADHD and learning disorders for entrepreneurs, read the article Whilrwinds and Wealth by Jim Grubman and Jerome Schultz.
TIGER 21 Workshop Held on Family Meetings and Family Communication with Wealth
Following Jim’s successful presentation about generational wealth at TIGER 21 in New York in early 2013, members requested that Jim return to do an in-depth workshop about family meetings and intra-familial communication regarding wealth. Jim’s workshop in May followed the generational themes of adaptation, preparation of heirs, and family communication. He then focused on practical issues of holding family meetings to discuss wealth and other family matters. Combining a presentation, role-play, breakout session, and Q&A discussion, the workshop was very well-received.
TIGER 21 is a peer-to-peer learning network for ultra high net worth investors. Their learning experience centers on improving members’ investment acumen through peer-to-peer critique and learning, as well as exploring common issues of wealth preservation, estate planning and family dynamics.