Sage360 Advisors
“Helping families thrive through the generations.”
What possibilities do you imagine for yourself, your family and your wealth? Build for the ages.
What makes a family successful? The most obvious response — wealth — is only a partial answer. Witness the many wealthy families whose members are miserable or at odds with each other. Or the equally large number of families who prove the old proverb, “From shirtsleeves to shirtsleeves in three generations.”
A successful family recognizes that it has 3 kinds of capital, and it works hard to foster growth in all of them:
There are two more things a truly successful family possesses:
When you and your family are ready to start your journey, Sage360 Advisors is ready to be your guide.
A successful family recognizes that it has 3 kinds of capital, and it works hard to foster growth in all of them:
- Financial: Keeping money in the family is critical, but letting the tax-tail wag the wealth-dog doesn’t make much sense. Successful families prosper by harnessing their financial strategies to grow their other capital.
- Human: Every member of a family — present and future — has talents, dreams and vision that can contribute to the overall well-being and endurance of the family. Successful families thrive by enhancing each individual member’s pursuit of happiness.
- Social: A family is the seed-kernel of society and culture, but it needs a constant interchange of people and ideas with the rest of society in order to continue growing. Successful families flourish by incorporating others from larger society (through marriage and “godchild” relationships) and by giving back to their communities.
There are two more things a truly successful family possesses:
- A deep understanding that most apparent transactions are really part of broader transitions for various family members, generations and enterprises.
- A profound enjoyment of the adventure involved in each transition.
When you and your family are ready to start your journey, Sage360 Advisors is ready to be your guide.
Only 15% of family enterprises reach the 3rd generation of the family that founded them and only 30% of the succession plans developed for family enterprise actually work.
Hughes: James E. Hughes, Jr. — Family: The Compact Among Generations