Jim presented to an international advisor audience on cross-cultural issues faced by HNW families around the globe.
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 Generationsis available at Amazon.com. Based upon the groundbreaking insights first outlined with his 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”). Using fresh concepts and human stories, the book explains how the key process for families of wealth – like all immigrant families – is adaptation.
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: How to Manage Wealth Across Generations
Strangers in Paradise is recommended on the Morningstar.com website for people who are transitioning to wealth. In her article, Dr. Sarah Newcomb discusses the strategies that newcomers to wealth commonly use to adapt to their new surroundings: avoidance, assimilation, and integration.
Palm Beach Daily News article: TIGER21 conference and family wealth>
Jim Grubman’s presentation on family dynamics at the 2015 TIGER21 conference was featured in the Palm Beach Daily News, including references to video clips from TV shows highlighting wealth-related family situations.
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.