Family offices as the source of generational wealth continuity
Nairobi, May 24 -- Last week, I introduced the concept and history of the Family Office as a critical wealth succession and management tool.
I stated, "A critical distinction in the Family Office model is the separation between the underlying businesses that generate wealth and the management of dividends and investment returns. The family business, whether it is Walmart, Microsoft, or Amazon, focuses on operations, growth and profitability. The Family Office, by contrast, manages the dividends, distributions and capital generated by those businesses. This separation ensures that wealth management decisions are not conflated with business operations, allowing for diversification, risk management and long‑term planning independent o...
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