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Dr. Jim Grubman of FamilyWealth Consulting is an internationally-recognized consultant, speaker, and educator in the multidisciplinary field of family wealth psychology. 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 35 years, Jim 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. He contributes thought leadership to many areas of wealth psychology, family enterprise governance, and wealth management, both within North America and around the world. He works to promote understanding of what individuals, couples, and families need as they become successful.

Jim's guiding focus is integrating knowledge and skill in service of helping families. 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 highly-acclaimed book Strangers in Paradise: How Families Adapt to Wealth Across Generations (available at Amazon.com) is based on the groundbreaking insights developed with colleague Dennis Jaffe PhD over the past decade. The book explores in depth how wealthy families arising from modest circumstances can adapt successfully in their parenting, decision-making, estate planning, and business transitions.

Cross Cultures

- NEW BOOK NOW AVAILABLE -
Cross CulturesUnexpected challenges face prosperous families around the world in the modern global environment. As families arise in one ethnic heritage to become highly successful, they soon encounter faraway lands and diverse attitudes, behaviors, and beliefs. Dramatically different cultural influences can enter the family as younger generations are trained in global centers of education and commerce. The resulting conflicts can bring significant stress to the family and risk to the family enterprise, especially at times of generational transition.

Cross Cultures: How Global Families Negotiate Change Across Generations is the just-released book by Dennis Jaffe and Jim Grubman. It outlines highly practical strategies that families in each culture (and their advisors) can use to resolve differences that may threaten the fabric of the family. Building on Jim’s first book, Strangers in Paradise, and Dennis’ cutting-edge Hundred Year Family Enterprise Research project for Wise Counsel Research, Cross Cultures first explores the latest sociological research identifying three fundamental cultural styles around the world: Individualist, Collective Harmony, and Honor cultures. Peppered with clear examples drawn from case experiences and public information, it then provides insight into how families can defuse cross-cultural stresses using proven negotiation techniques. Cross Cultures is a unique, easy-to-understand exploration of culture, its hidden dimensions, and the new ways in which families must think, communicate, and solve problems together in the modern world.

 


Understanding HNW Families New to Wealth

In this short video by Sun Life Financial, Jim Grubman explains why advisors need to understand the unique needs and perspectives of those new to wealth, avoiding a “one size fits all” approach. 


Jim Grubman and Dennis Jaffe discuss their concepts with Tharawat magazine

In this short video by the global family business magazine Tharawat, Jim and Dennis touch upon the roles that adaptation and communication play in family enterprises around the world.


In the News

Morningstar Magazine Interview: "Money Talks"

Jim Grubman was interviewed for the April-May 2016 issue of Morningstar Magazine in an in-depth discussion ranging from behavioral finance to the importance of financial literacy education for children. Click on the pdf to read his conversation with Dr. Sarah Newcomb of Morningstar and Hal Hershfield PhD of the Anderson School of Management at UCLA.

On the Money Radio: What's in Store for the Wealth of Future Generations

Steve Pomeranz, of On the Money Radio interviewed Jim a second time regarding the latest concepts in Jim's forthcoming book with Dennis Jaffe, Cross Cultures: How Global Families Negotiate Change Across Generations (publication February 2016). Jim explained the deepening cross-cultural understanding of family enterprises around the world, along with practical advice on how families can reach compromise solutions together when cultural differences arise. 

The New York Times feature article: Looking for Ways to Keep Money from Dividing a Family

Jim Grubman and Dennis Jaffe presented to a packed audience of TIGER21 members about how highly-successful families can handle wealth without dividing the generations. Paul Sullivan, journalist for The New York Times Wealth Matters column, interviewed Dennis and Jim along with several TIGER21 members about the symposium.

On the Money Radio: Discussing the concepts behind Strangers in Paradise

Steve Pomeranz, a United Capital wealth advisor and commentator for the NPR radio show On the Money, interviewed Jim about how wealth transitions influence families. They discussed the dilemmas parents face when raising kids in affluent environments and the personalities of those who dedicate themselves to wealth creation.

Events & Media

Le Club B Global Wealth Conference, Barcelona, Spain November 9, 2016

Jim will be presenting a keynote address on UHNW family wealth to an international family-office-level client audience.

Family Firm Institute Annual Conference, Miami FL October 26-28, 2016

Jim will attend the annual FFI conference. He will also present the latest concepts on cross-cultural understanding of wealth with colleague and co-author Dennis Jaffe.

Concordia University: John Molson School of Business, Montreal, QB September 29, 2016

Jim is scheduled to give the opening keynote once again for the Family Wealth Program for UHNW family enterprises and advisors. 

Sixth Annual PPI Rendezvous, Denver CO July 27- 29, 2016

Jim will once again be attending this year’s gathering of industry advisors and thought leaders to discuss issues in estate planning, family wealth, legacy planning, philanthropy, and stewardship.

Copper Beech Financial Group Client Forum, Scottsdale AZ April 29, 2016

Jim will be leading a workshop on family dynamics and generational wealth for the clients of a New Jersey-based multi-family office.

Sun Life Financial-International - HNW Wealth Forum, Sydney Australia March 23, 2016

Jim presented to an international advisor audience on cross-cultural issues faced by HNW families around the globe. 

Concordia University: John Molson School of Business, Montreal, QB. November 19, 2015

Jim gave the keynote address launching the inaugural Family Wealth Program for UHNW family enterprises and advisors. The program introduces participants to skills for the successful preservation, management, and transition of family wealth.

Prenups: Canadian Association of Family Enterprise (CAFÉ) Breakfast Event, Calgary AB. November 5, 2015

Jim discussed the challenges and benefits for families seeking to craft prenuptial agreements in the best way possible. He described relationship issues for couples with differing economic backgrounds and how they can use a fairness model rather than the usual protection model with prenups.

FFI Annual Conference – London, England October 21-23, 2015

Jim attended the Family Firm Institute’s international annual meeting with discussion of the new global cultural model that he and Dennis Jaffe have been developing.

BMO Private Bank: Signature Events September 27 – October 1; November 2 – 5, 2015

Jim presented multiple client events and advisor trainings throughout five Canadian cities for BMO Private Bank. The events were very well-attended with lively discussion and extended periods of Q&A, assisted by Ruth Steverlynck, a family wealth consultant from Vancouver BC.

Fifth Annual PPI Rendezvous August 5-7, 2015

Jim attended the Purposeful Planning Institute Rendezvous again this year in Denver CO. He has attended every Rendezvous since its inception five years ago and enjoyed collaborating with colleagues at this important event.

Sun Life International Global Partners Conference May 6, 2015

Jim presented at a Global Partners event in Toronto about the need for advisors to address the role of culture in families of wealth around the world.

Altair Advisers April 21, 2015

Jim participated on a panel discussion and workshop about "The New Intergenerational Challenge: Caring for Aging Parents" in Chicago, IL. He provided information on understanding dementia and its unique impact in an affluent clientele.

TIGER21 Forum February 20, 2015

Jim presented a well-attended session on family dynamics at the prestigious annual TIGER21 conference in Palm Beach FL.

United Capital Financial Advisers – Executive Summit January 12-13, 2015

Jim presented a keynote address clarifying important aspects of fee discussions and pricing models for the client relationship.