Main Menu
circle

How to set your family ownership group for success

And how the quality of the decisions a family system makes depends a great deal on the individual and collective capabilities of its owners

Families spend on average $1 million annually to protect and grow their assets for every $100 million of assets they own.

ArticlesFamily BusinessFamily OfficeStrategySuccession

Business families naturally invest in professionalizing their management group, often without realizing that their ownership group requires as much attention.

According to a 25-year survey of 3,250 instances of generational wealth transfer from the Williams Group, only 3% of the failed wealth transitions were due to poor legal, tax or investment advice. 97% of the failures were in fact attributable to the family itself: due to a lack of family mission, an inadequate preparation of heirs or a breakdown of family communication and trust1.

Families spend on average $1 million annually to protect and grow their assets for every $100 million of assets they own, whereas they only spend $30,000 per year on the development of the next generation2. Only 14 % of Next Gens are considered very prepared to become good stewards of the family legacy.

The quality of the decisions a family system makes depends a great deal on the individual and collective capabilities of its owners. Engaging effectively and productively as family owners requires continuous training and development.

Nicolas Hollanders and Honora Ducatillon, Head of Family Office Services Pictet Wealth Management co-authored this article just published in Pictet Group website and that has been made available for the public in general. Visit the external link below or press the download button to get the article

https://www.group.pictet/wealth-management/family-office-services

Authors

Nicolas Hollanders

Nicolas Hollanders

Partner

Facebook Twitter Linkedin-in

Related services

Preferred Language:


Lansberg Gersick Advisors complies with GDPR guidelines. Please confirm you agree to receiving Emails from us:

Please check the box to agree to our data protection policy

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Recommended for you
Newsletter

LGA Insights – October 2025

These last few months have been filled with activity, as we’ve expanded our global footprint through the addition of new team members, and increased our presence in Asia, Africa and the Middle East. Later this summer, we will begin publishing episodes for the second season of our LGA Lighthouse Podcast, and will continue sharing fresh insights through a variety of articles, interviews, and other thoughtful content generated by our global advisory team.

Within that context, we’re thrilled to share with you the latest reflections from our Partner, Fernanda Jaramillo. In this edition of LGA Insights, Fernanda describes the importance for enterprising families of establishing and maintaining a shared vision to ensure continuity and legacy—particularly in moments of generational transition.

the-enduring-enterprise-book
Podcasts

The Enduring Enterprise: Thriving in a Turbulent World

In this episode of the LGA Lighthouse podcast, host Tim Young sits down with LGA’s Founding Partner Ivan Lansberg and Managing Partner Devin DeCiantis to discuss their book, The Enduring Enterprise: How Family Businesses Thrive in Turbulent Conditions. They explore how family businesses can navigate the increasing turbulence and uncertainty in today’s world
Newsletter

LGA Insights – July 2025

These last few months have been filled with activity, as we’ve expanded our global footprint through the addition of new team members, and increased our presence in Asia, Africa and the Middle East. Later this summer, we will begin publishing episodes for the second season of our LGA Lighthouse Podcast, and will continue sharing fresh insights through a variety of articles, interviews, and other thoughtful content generated by our global advisory team.

Within that context, we’re thrilled to share with you the latest reflections from our Partner, Fernanda Jaramillo. In this edition of LGA Insights, Fernanda describes the importance for enterprising families of establishing and maintaining a shared vision to ensure continuity and legacy—particularly in moments of generational transition.

Divide
Articles

Jobs vs. Wealth

Family leaders must have the courage and stamina to create an inclusive, participative, and results-driven culture in the family and business, supported by the right policies and systems. Such a foundation will set the stage for a family legacy which both sustains across multiple future generations, and grows along the way with each group driving growth and diversification and making its own mark.
Articles

Growing up Green

Why is it hard to find good successors? We believe that the root issues occur earlier in the lives of next-gen members, linked to the manner in which they experience their family’s wealth and legacy during adolescence and early adulthood.