A Family Office Forum Roundtable with Jay Hughes, Dennis Jaffe, Mathew Wesley and moderated by Rick Waggoner (January 2025)

Key takeaways from this webinar:

  1. True Wealth: Wealth is more than finances—it includes family, culture, knowledge, and social values.
  2. Family Office Purpose: Focus on supporting family culture and growth, not just managing assets.
  3. Cultural Alignment: Align financial strategies with the family’s purpose and foster meaningful dialogue.
  4. Prevent Stagnation: Build shared purpose and strong relationships to avoid disconnection.
  5. Engage the Next Generation: Involvement should feel meaningful, not obligatory.
  6. Leadership: Strong leadership and integration of goals are vital for success.
  7. Trustees’ Role: Trustees must uphold the family’s values and ensure continuity.
  8. Adapting for Legacy: Adapt to change while maintaining shared purpose for lasting impact.
  9. Action items:  Jay Hughes encouraged everyone to read Dennis Jaffe’s book:  Borrowed from Your Grandchildren: The Evolution of 100-Year Family Enterprises and also, this article written by Matt Wesley:  How Culture Eats Structure for Breakfast.