Resources for Your Family
The family office model expands on traditional wealth management by offering a broader array of services in support of comprehensive long-term thinking. Typically suited for families with a net worth of $10 million or more, this approach brings to bear all the resources needed to help you live a fuller life and ensure a meaningful legacy.
Significant wealth creates significant opportunities, but it poses unique problems as well. Every culture has its own version of the proverb, "Shirtsleeves to shirtsleeves in three generations" - a testament to how quickly wealth created by one generation can be exhausted by the next. Similarly, 65% of family businesses fail to survive the second generation, and 85% are gone by the third. These grim statistics have little to do with chance and everything to do with planning.
A long-term investment strategy is just the first step in building a legacy and ensuring continued family success. Through our multi-family office, we provide a fully integrated solution that addresses the unique needs of wealthy families by helping to protect and grow each of their sources of wealth:
- Financial Capital
- Human Capital
- Intellectual Capital
- Social Capital
Learn more about each of these forms of wealth and about how Century Wealth Management can help you protect them.
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