Activest Wealth Management has launched a groundbreaking governance program tailored for ultra-wealthy families, marking a significant shift in the wealth management industry. This initiative, designed to address the unique challenges faced by families with substantial wealth, goes beyond traditional investment management. Instead, it focuses on the intricate aspects of governance, including succession planning, communication, and preparing younger generations for leadership roles. The program, developed with input from Dr. Dennis T. Jaffe, a renowned scholar and advisor in family enterprise, aims to transform governance from an occasional topic into an integral part of the advisory relationship.
The Activest Family Office Governance Program offers a comprehensive approach, combining facilitated meetings, governance framework design, intergenerational education, and succession planning. It emphasizes customization, ensuring that each family's unique situation and values are respected. By doing so, Activest aims to empower families to proactively manage their wealth, fostering communication, shared values, and thoughtful decision-making. This program is particularly timely, as families increasingly seek guidance not only on financial capital management but also on preserving human capital, family culture, and shared purpose.
One of the key strengths of this program is its ability to initiate long-term conversations about legacy and stewardship. By engaging in governance planning sessions and guided discussions, families can align decisions on shared assets, advisor relationships, and investment oversight. This proactive approach helps prevent crises and ensures that the family's legacy is strengthened over time.
Isaac Wakszol, CEO of Activest, highlights the program's importance, stating, 'As families grow in size, complexity, and wealth, the challenges they face extend well beyond investment management. The stewardship of wealth requires communication, shared values, thoughtful decision-making, and the preparation of future generations. Our Family Office Governance Program is designed to give families the tools and structure to address these issues proactively and to strengthen their legacy over time.'
The launch of this program reflects a broader trend in the wealth management field, where advisors are increasingly taking on a more significant role in addressing interpersonal and structural questions. Activest's approach is designed to be scalable, allowing each family to shape a governance structure that aligns with its values and circumstances. This personalized and comprehensive approach positions Activest Wealth Management as a leader in the industry, offering a unique and much-needed service to ultra-wealthy families.
