Family Governance

Through next-generation education, Mission Wealth helps prepare heirs and key family stakeholders for the responsibility of wealth stewardship, ensuring future generations are financially literate. Our team can come up with a clear strategy to ensure wealth continues to be managed according to the family’s mission and values with a plan that fits your assets and your family’s values. Sometimes this includes establishing formal structures such as family councils or advisory boards.

We recognize that wealth can create unique emotional challenges. Our team has dedicated Behavioral Finance professionals who coach family members to better understand their financial behaviors, improve decision-making, and mitigate stress related to personal finances and wealth management.

• Identify behavioral patterns that may lead to suboptimal financial decisions, such as fear-based selling or impulsive spending.
• Coach family members on how to approach financial decisions with confidence and clarity.
• Provide strategies for handling the anxiety and uncertainty that often accompany large estates and significant wealth.

Mission Wealth can help lead and manage family financial planning meetings, ensuring open communication and the development of shared family legacy goals. These impactful meetings provide a space for resolving conflicts, setting clear expectations, and making collaborative decisions on complex financial matters.

• Address complex topics such as financial challenges, inheritance, and family expectations.
• Regularly revisit and adjust goals to ensure the family remains aligned with the family’s evolving needs and aspirations.
• Cultivate leadership skills within the family to prepare future generations to take on financial responsibilities.

Mission Wealth can help your ultra-high-net-worth family develop robust succession plans and structures, ensuring wealth is passed down seamlessly while preserving the family’s values, vision, and assets. This can include ensuring leadership continuity within family-owned businesses or charitable foundations, designing tax-efficient trust structures to minimize estate taxes and preserve wealth for heirs, and implementing strategies to ensure a smooth transfer of assets without unnecessary delays or disputes.

For families with a certain level of wealth and complexity, our Family Office Services provide a high-touch comprehensive offering with team support across investments, tax planning, charitable giving, asset protection, and more.

Mission Wealth offers financial education and planning to help your children and grandchildren navigate their individual financial futures while staying connected to the family’s overall wealth strategy.

• Prepare heirs for major life events like marriage, starting a family, or career changes.
• Help heirs create their own personal financial goals and legacy, distinct from the family wealth but still within the broader framework of family values.
• Encourage younger generations to think about their impact and charitable giving, preparing the next generation for future leadership within the family.

Our exclusive in-person retreats bring together like-minded families, fostering a supportive community of peers who share experiences, challenges, and insights on wealth management, legacy planning, and generational wealth transfer.