Decision Making for Wealthy Families
Give three children four dollars to give away. Frazer Rice on the fourth dollar, and other small money exercises that show how each one thinks.
Frazer Rice
Regional Director, Pendleton Square Trust Company; author of Wealth, Actually
On the show
The Business Family Diagnostic · Engine
A mini MBA, run by the family.
Frazer's family bank asks the next generation to pitch for capital, with a plan and a presentation. When someone in your family brings a new business idea, is there a way to consider it seriously?
“Family members are encouraged to start new things, inside the family enterprise or outside it.”
Biography
Frazer Rice is a Regional Director for Pendleton Square Trust Company. In that capacity, he focuses on trustee, fiduciary and family governance issues for wealthy families. He is the author and podcast host of “Wealth, Actually.” The book centers on decision-making for wealthy families. The podcast interviews wealth experts and entrepreneurial families and individuals.
Keep listening
If this one landed, start here next.
11
Emily Griffiths-Hamilton
Building Your Family Bank to Owning an NBA & NHL Team
Running a family bank with written policies and a say that is earned.
41
Dave Specht
Preserving Families and Perpetuating Businesses
Small shared decisions before shared ownership.
05
Jim Sheils
The Family Board Meeting
A simple rhythm of one-on-one time with each child.
The newsletter
The most useful things in these conversations are the things families rarely say out loud.
I share them in my newsletter once a week. Sign up to receive the ideas directly and start building the foundations for your family today.