The FMV Mission
Our mission at FamilyMoneyValues.com is to help families use their values to keep their wealth and well being for generations to come.
We provide information, tools, education, resources and communities to help you strengthen your family so that you can build and maintain your family’s human and financial resources for generations to come.
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As a thank you for signing up, you will receive a copy of our First Family Meeting Checklist pdf. Our family started cross generation meetings several years ago and we used this to prepare. Wealthy familiies meet across generations to discuss joint family assets, train future family leaders, make sure the family legacy and culture is passed along through the generations and much more.
Marie - The FMV Founder
Middle class members may manage to scrape together some money to pass along to their children, but most of us haven’t been exposed to the implications of money. Whether or not you now have money, if you plan to accumulate wealth, you need to understand what wealth can mean for your family.
Wealth can provide opportunity, but it can also sap desire and ability for independent action from your current and future family members.
My family has roots in working class and middle class America. We worked hard and long to accumulate a little to pass along to our children and their children. I have become very interested in learning what families do AFTER they accumulate assets: how do they organize their family, what advisers do they use, what investments are available to them, how is their lifestyle different than ours. Are there things that can be harmful if my children and grandchildren become wealthy – if so, how can we avoid those things. So, I began to seek out information on these questions.
My search for this information included searching the internet, scouring libraries and bookstores for books, looking for training classes, and attempting to talk to advisors. In short I looked for information in every way I could think of.
The search yielded a smattering of books, finds of partial information here and there on websites and widely scattered other resources. There was no convenient repository of information, about what to do after you have wealth.
There was no translation of how we could use techniques of the ultra rich families for our families. Advisors did not help, the Financial Advisor industry has not yet started significant focus on exploring the more emotional family/people related issues in wealth transfer. Personal financial education has historically been avoided in our country, but is now gaining momentum. However, its focus is still on basic items, like balancing your checkbook. It doesn’t yet explore wealth transfer issues across family generations.
I realized that my children and peers might find a repository of information about what to do after you have wealth beneficial. I further realized that families may do better if they focus on their values rather than solely on the financial assets and discovered that many families do not address that side of of the wealth equation. Consequently, I began experimenting with my family on ways to learn and use this kind of knowledge. FamilyMoneyValues.com intends to address these issues.
What FMV can do for you
In the next 30 - 50 years there will be an unprecedented wealth transfer of trillions of dollars from one generation to another (per Boston College Social Welfare Research Institute, “Millionaires and the Millennium: New Estimates of the Forthcoming Wealth Transfer and the Prospects for a Golden Age of Philanthropy” by John J Havens and Paul G Schervish).
Many of the wealth owners earned the wealth, often after their children left home. Most of the wealth owners have $5 million or less in assets. Wealth earners with this level of assets typically do not have access to the tools and information that the billionaire crowd uses. Consequently, most people with this level of wealth do not think about training their heirs to successfully receive, retain and utilize the wealth to the benefit of future generations. Most people with this level of wealth do not understand the potential for harm to their families that wealth can cause.
The FamilyMoneyValues.com web site intends to help solve this problem. It is a website about wealth to help families use their values to keep their wealth and their family’s well being intact across generations.
It is targeted to professionals, entrepreneurs and persons with some wealth. It helps these groups keep their family wealth and well being intact by learning about issues they may encounter, wealth transfer tools they can use, family structures to consider, family and business governance concerns and other wealth subjects.
FamilyMoneyValues.com is unique in that it focus’s on families using their values to keep their wealth and their family’s well being intact across multiple generations. It offers information on what to do with wealth after you have it, not how to get it. We collect, evaluate and publish information that is targeted to our visitor's wealth interests without intent to persuade them on a certain course of action.