by Scott Peppet (2021) | Summary :

The article The Family-Focused Office explains that many family offices spend most of their time and resources on money management, legal work, tax planning, and risk management, while underinvesting in the family itself.

Peppet argues that a truly family-focused office should treat the family’s human capital as its most important asset. Protecting financial capital alone is not enough if family members lose character, purpose, connection, and well-being across generations.

The article highlights the need to shift attention toward family learning, coaching, communication skills, health and wellness, meaningful work, conflict management, and the development of individual family members.

In conclusion, the article encourages family offices to see investment in the family’s growth as a core capital investment, not an extra cost. A family office becomes truly family-focused when it helps each family member flourish and keeps the family’s long-term well-being at the center of its work.

 

We are proud to share this important paper by Scott Peppet (President of a family office) on becoming a family-focused office. This article was published by FFI on November 10, 2021.

 

Scott emphasizes Jay’s approach that we have to understand that “wealth” means “wellbeing”.

 

Quote from Jay, “Scott and I have been talking for many years through the issues his paper brilliantly identifies and discusses….I intend to broadcast this paper to hundreds of advisors and families—yes I feel it is that important to family and family office flourishing”