[Easemakers Podcast E81] The generational wealth transfer’s impact on properties, family office staff and more
Family offices are facing new challenges and opportunities as the next generation starts to share properties and assets. Parere Advisory Founder and Managing Partner Janet Arzt and Managing Director Skye Young share the trends they see across family offices in a new episode of the Easemakers Podcast.
“I’m a big believer that high maintenance is not a negative word,” says Skye Young, Managing Director for Parere Advisory. “As your wealth increases, it is just the reality that the complexity of your life increases, as well.”
Skye has spent the past two decades working in family offices, and she understands that managing complexity takes the right structure. Today, she works alongside Janet Arzt, Founder and Managing Partner of Parere, to advise family offices on infrastructure, development and strategy.
One of the common challenges they see across the families they support is navigating the generational wealth transfer. In this episode of the Easemakers Podcast, Skye and Janet explore how complexity evolves as families grow, and share their advice for creating structure and systems to ease the transition.
Tune in to hear:
- How to keep growing families and ever-evolving family office teams on the same page
- The impact of wealth transfer on estate operations, household staff and more
- What to keep in mind when working with multiple generations and family members
- Tips for reducing key man risk and preserving historical knowledge
The Easemakers Podcast is available on Apple Podcasts, Spotify, and anywhere you listen to your favorite shows.
Catch up on past episodes of the Easemakers Podcast to hear from more experts in the private service industry, and don’t forget to subscribe on Apple Podcasts to get notified about future episodes. Follow along with @easemakers on social media, and of course, be sure to join the conversation in the Easemakers community after you listen!
The Easemakers Podcast is presented by Nines, the household management software solution built for high net worth households, family offices and the private service professionals who support them. Questions about household staffing, luxury home management, or how to create a better workflow for everyone on your team? Start a conversation today.