Cultivate Family Readiness for Change

(opens in new tab)A well-researched model of how individuals make lifestyle or habit changes has been studied for decades but rarely applied to how families or systems go through similar processes.  At the request of the Family Office Exchange (FOX(opens in new tab)), Jim Grubman presented a workshop to family office executives in 2019 about the common steps and stages that families go through when considering major changes in decision-making, governance, or transition planning.  This article(opens in new tab) provides an interview that summarizes the main principles, including how families and family offices can facilitate the often-stressful process of making system-level changes.