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Dr. Jim Grubman is an internationally recognized consultant to families of wealth, family enterprises, and the advisors who serve them. His work with clients at many levels of affluence has earned him a global reputation for thought leadership within the field. Whether facilitating a family meeting or training advisors in the complexities of wealth, he draws on his deep knowledge of psychology, family dynamics, and family business, with specialty interests in trusts and estates law and family governance. His goal: to help integrate life and wealth for the benefit of the family and society.

 

Family Wealth Report Award Winner

 

Grubman and Jaffe Win Family Wealth Report Award for Outstanding Thought Leadership

The 8th Annual Family Wealth Report Award for “Outstanding Contribution to Wealth Management: Thought Leadership (Individual)” is shared by long-time collaborators James Grubman PhD and Dennis T. Jaffe PhD for their many years of exceptional work together on behalf of families, advisors, and the industry. Their thought leadership and constant advocacy for family dynamics, family governance, advisor skills training, and the family’s needs in wealth management are recognized deeply by this honor.

New & Notable

Wealth 3.0 Article Focuses on Practical Applications

Wealth 3.0 in PracticeTrusts & Estates magazine published a second major article discussing the tenets of Wealth 3.0, an emerging new paradigm concerning family wealth training, advising, and research.  Authored again by Jim Grubman, Dennis Jaffe, and Kristin Keffeler, Wealth 3.0 in Practice” outlines some of the practical techniques used in this new approach.

Their inaugural article “Wealth 3.0: From Fear to Engagement for Families and Advisors. was published in February of 2022.

There is No 70% Rule – A Critique of Williams and Preisser

IFOJ June 2022 article - GrubmanThe wealth management industry has consistently cited the “70% global failure rate of wealth transitions” put forth by Roy Williams and Vic Preisser since the 1990s. In this International Family Offices Journal article, each citation for this assertion is tracked back to original sources, finding the “rule” was built on a single study from the 1980s that was superseded by better research decades later. The article also critically reviews Williams and Preisser’s own research on the supposed causes of these family failures. Recommendations are outlined for truly learning about family wealth longevity in the modern era.

Upbeat Interview in Canadian Family Offices Online

Canadian Family Offices InterviewCanadian Family Offices, a respected online magazine for the family office industry, published a comprehensive interview of Jim Grubman (available here) covering his history in the industry, his perspectives on where the family advising field may be going, the cultural models of wealth he and Dennis Jaffe developed, and the remarkably positive futures that are possible for families of wealth.

The UHNW Institute – Leadership Position

Jim serves as Chair of the Content and Curriculum Committee in the nonprofit think tank, The UHNW Institute.  Among other initiatives, he helped spearhead the development of The Ten Domains of Family Wealth, a groundbreaking model for organizing the various needs and service areas UHNW families have.   Jim also helps maintain the Institute’s Resource Library, plans events and activities, and leads a committee of domain chairs specializing in each of the major service areas of family wealth.

Events & Activities

  • TIGER21 Canada Speaking Event

    June 19, 2024

    Jim has been invited to speak at a special retreat workshop session for TIGER21 (Calgary chapter) in western Canada.

  • Finalist in 2024 FWR Award Announced

    at New York NYMay 2, 2024

    Jim has been named as a finalist for the prestigious category of Outstanding Thought Leadership (Individual) award in the upcoming Family Wealth Report awards.  The winner will be announced May

  • Audiobook Version of Wealth 3.0 Available Soon

    at Virtual EventApril 15, 2024

    To continue to serve those who want to learn about Wealth 3.0 (the book and the paradigm), an audiobook version of Wealth 3.0: The Future of Family Wealth Advising will

  • Conference Session on Multigenerational Wealth Advising

    at Phoenix AZMarch 22, 2024

    Jim will present an overview of multigenerational wealth advising from a Wealth 3.0 perspective at the Eagle Strategies (NY Life) premier event for advisors.

  • Wealth 3.0 Discussion at FFI Annual Conference

    at New York NYOctober 26, 2023

    At the 2023 FFI annual conference in NYC, the co-authors of the book Wealth 3.0 discussed their perspective on distinguishing family wealth advising from family business advising among other aspects

  • The Ten Domains of Wealth for Successful Families

    at Denver COAugust 4, 2023

    Jim presented to the Bailey Program at the University of Denver about the Ten Domains of Family Wealth, the conceptual model pioneered by the UHNW Institute. The Roundtable was well

  • Wealth 3.0 Workshop at 2023 PPI Rendezvous

    at Denver COAugust 3, 2023

    Jim Grubman, Dennis Jaffe, and Kristin Keffeler returned to the annual PPI Rendezvous for an in-depth workshop on practical implementation of Wealth 3.0. They distributed free copies of the just-released

  • Conversations Beyond the Money – Webinar

    at Virtual EventFebruary 16, 2023 @ 3:00 pm - 4:00 pm

    Jim was interviewed by Maureen Kelley, Director of Family Office Services at BOK Financial Private Wealth, on generational perspectives and positive approaches to wealth.

In The Media

Podcast with Family Office Exchange

Jim Grubman is interviewed by FOX CEO Peter Moustakerski about the book Wealth 3.0: The Future of Family Wealth Advising and how its positive approach dovetails well with FOX’s training and consulting activities. Listen here on FOXCast.

The Inheritance Podcast with Joe Reilly

In Joe Reilly’s inaugural podcast in a series on the nonfinancial aspects of UHNW family wealth, he interviews Jim Grubman and Dennis Jaffe on their long-term perspectives about different generations of wealth. Listen  here on Apple Podcasts for a warm, engaging conversation.

Family Business Podcast with Russ Haworth

In multiple podcasts, Jim Grubman talks with UK-based Russ Haworth about integrated services, Wealth 3.0, the Ten Domains of Family Wealth, and other topics. Listen here on the Family Business Podcast or here for specific discussions debunking common myths.

The Rational Reminder Podcast

Cameron Passmore and Ben Felix of The Rational Reminder share a wide-ranging engrossing conversation with Jim Grubman about the psychology of wealth, parenting, Wealth 3.0, and related topics. One of the best podcasts from 2023. Listen to the podcast or watch the video here.

Books