Jim will once again attend and present at this year’s gathering of industry advisors and thought leaders to discuss issues in estate planning, family wealth, legacy planning, philanthropy, and stewardship.
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 nearly 40 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 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. Grounded in a solid understanding of both human nature and wealth, Strangers in Paradise clarifies how families can work together to prepare the next generation to handle wealth comfortably, confidently, and responsibly.
New Partnership at Cambridge Family Enterprise Group
James Grubman PhD Now Affiliated with Cambridge Firm
As of February 1, 2017, Dr. Jim Grubman has joined the Cambridge Family Enterprise Group (CFEG) as Senior Advisor and Partner. “Jim Grubman is acclaimed in the world of family business advising,” says CFEG Founder and Chairman Dr. John A. Davis. “His deep and varied perspective will help us build on and advance our advisory services, our teaching, our research, and our publishing on the essential topic of wealth and how families can manage its psychological impact. We look forward to sharing Dr. Grubman’s insight and vision with our clients.”
CFEG is an international advisory and educational organization helping clients achieve meaningful and lasting success for their families, enterprises, and financial wealth. For more information, see their website at www.cfeg.com.
How Global Families Negotiate Change Across Generations
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
Family Wealth Report: Interview by Family Office Consultant Joe Reilly
Well-known family office consultant Joseph Reilly, Jr., recently interviewed Jim and Dennis for the industry newsletter Family Wealth Report. The comprehensive interview covers a broad range of topics including the concepts in Cross Cultures and the findings of the Hundred Year Families project.
In their annual "Insights on Wealth and Worth" report, US Trust once again found that 77% - 85% of their multi-millionaire survey respondents came originally from the middle-class or poverty. US Trust has begun asking in recent years about clients’ economic background in more detail, ever since the Immigrants to Wealth analogy was first described by Grubman and Jaffe. US Trust also discusses in its report how strong values and parenting are influential in forming entrepreneurial success.
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.