Experts agree that enterprising families ought to lay out some guidelines regarding the business and how they interact with it. Yet 62 per cent of family offices globally don’t have formal governance structures, according to a recent survey by UBS. 

It means that a crisis could cause the family and the business to implode, like the multi-generational, Hyatt Hotel-owning Pritzker family did earlier this century.

But why are cautionary tales not enough to scare most organizations into action? We took a look at what's going on.

This article was one of our most popular of the week. 

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‘The probabilities of at least a meaningful correction, if not a full-blown bear market, at some point in the next six to 24 months are really high,’ according to top wealth expert Thane Stenner, CIM®, FCSI®

A third time might not be the charm in this instance, but one of the nation’s leading wealth managers for some of Canada’s wealthiest investors is once more raising concerns about historically high valuations in the United States’ equity market.

“I’m ringing that warning bell a third time to really emphasize caution about how stretched U.S. market valuations have become,” says Thane Stenner, founder of Stenner Wealth Partners+ at CG Wealth Management.

This article is brought to you by Stenner Wealth Partners+.

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