Title: The Family Wealth Sustainability Toolkit: The Manual
Topic/Genre: Wealth Management/Business
Publication Date: October 2012
Fee. $4000-$6000+ expenses
Fredda Herz Brown is acclaimed by clients and professional colleagues alike for her groundbreaking work with enterprising families and their trusted advisors. From her numerous contributions over a quarter century, she has helped to establish standards of professional practice and develop the body of knowledge which defines the work of the field to this day.
Fredda’s early focus on families in business emerged out of a research project examining successful first-to-second generation transitions, while she was heading a postgraduate training center in family systems work, which she co-founded in the early 1980’s.
As her client families evolved their holdings into a variety of assets, she expanded her intellectual and consulting interests to what her firm, Relative Solutions LLC, later termed as the marriage of the family emotional and economic systems. She guides family ownership groups in the pursuit of their shared future by helping them to address difficult issues in order to enable better decision making, improve the management of change, and support an entrepreneurial approach to growing their assets.
Fredda’s distinguished career accomplishments have been honored by awards from the Family Office Exchange and the Family Firm Institute, where she is a Fellow and founding board member.
She is the author of Reweaving the Family Tapestry (Norton; 1991), which encapsulated her model for understanding and working with families as they evolve through their life cycle. Among her numerous academic appointments over the years, she continues as a guest lecturer for the MBA students at Columbia University.
Fredda and her Relative Solutions colleague, Dr. Fran Lotery, are co-authors of the Family Wealth Sustainability Toolkit – a groundbreaking online interactive assessment tool and companion manual, published by John Wiley & Sons, Inc. The Toolkit is designed for wealthy families and their financial advisors to help them analyze the behaviors and knowledge that impact a family’s overall wealth, while also providing best practices needed for improvement.