April Book List
1) The Family Office: A Comprehensive Guide for Advisers, Practitioners, and Students
This book provides an insider's view for anyone looking to understand family offices and how to best serve and advise them. William I. Woodson and Edward V. Marshall offer a thorough guide to family offices: why wealthy families create them, what they do, and how to manage them effectively.
I like that the authors present their insights through a series of casesfollowing a single family's journey from the time of a significant liquidity event; through the creation, staffing, and management of their family office; and on to its succession. Each case study is supported by detailed background reference material.
2) Building a Sustainable Family Office: An Insider’s Guide to What Works and What Doesn’t
If you're on this page, you probably already know that family offices are business entities built to primarily support a family’s wealth (among other things). If you've heard my podcast the Sassy Succesionist, you also know that many family offices are not successfully passed on from one generation to another, creating plenty of disruption for everyone involved.
Scott Saslow is a family office insider - he's worked in various capacities but most importantly has been a principal who has experienced the building—and rebuilding—of his family office many times. In this book, Saslow teaches us readers how to:
• identify a unique and compelling purpose for the family office, which engages the next generation;
• manage some of the interpersonal challenges inherent when working with family members;
• create high performance family offices that make a difference for family and the broader society.
What are you reading these days? Email us at hello@areedi.com!