The Resilience Overlay: Julie Neitzel’s South Florida Business and Wealth Column
December 11, 2017
WE Family Offices Partner Julie Neitzel focused her monthly column for South Florida Business and Wealth on the topic of resilience and how it pertains to family wealth. She opens her column with a quote from Judith Rodin of The Rockefeller Foundation, who describes resilience in her book, The Resilience Dividend, as “the capacity of any entity—an individual, a community, an organization or a natural system—to prepare for disruptions, to recover from shocks and stresses, and to adapt and grow from a disruptive experience.”
Neitzel then explores how applying the “resilience overlay” to family wealth serves as a greater probability of sustaining wealth.
“The adage “some things are better left unsaid” is not a useful approach for resilient wealthy families,” she writes. “Best practices in family wealth management include periodic meetings to review the status of the family wealth enterprise®, review family goals and objectives, and foster transparent and ongoing communication among family members.”
In addition to family communication strategies, Neitzel also shares her insights on resilient wealth enterprise® planning and resilient investment planning.
“The “resilience overlay” for family wealth has no end state, and the family wealth ecosystem can benefit continuously from this approach,” concludes Neitzel. “Being resilient truly matters as all families can experience wealth enterprise® shocks, but a resilience overlay approach can avert catastrophe.”
To learn more, see the full South Florida Business and Wealth column here.
