Managing Wealth's Generational Impact: Research, Case Studies and Successful Practices

Join Abbot Downing leaders Arne Boudewyn, Head of the Institute for Family Culture, and Lisa Featherngill, Head of Wealth and Legacy Planning, along with Family Business Magazine Executive Editor and Associate Publisher, Barbara Spector who will share best practices for managing generational wealth.

Managing Wealth's Generational Impact: Research, Case Studies and Successful Practices

Wednesday, December 11, 2019

2 p.m. ET | 11 a.m. PT

60 minutes

https://www.webcaster4.com/Webcast/Page/494/32362

Managing wealth isn't just about the numbers. Many families struggle with how to communicate effectively about wealth, how to make decisions together and how to navigate differences in generational styles and priorities. Family dynamics can present compelling obstacles or opportunities for families who strive to sustain a business or wealth across generations.  

Abbot Downing leaders Arne Boudewyn, Head of the Institute for Family Culture, and Lisa Featherngill, Head of Wealth and Legacy Planning, along with Barbara Spector, Family Business Magazine’s Editor-in-Chief and Associate Publisher, will share research and examples of how families can beat the odds and sustain their wealth through multiple generations. Topics to be discussed include effective communication, preparing the next generation, and creating structured processes for decision making to foster alignment of family stakeholders.

 


Speakers

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Arne Boudewyn

Managing Director, Institute for Family Culture, Abbot Downing

Arne Boudewyn is head of Abbot Downing’s Institute for Family Culture, which includes four centers of excellence focused on supporting clients with a broad range of qualitative wealth planning priorities: Family and Business History; Family Business Transitions; Family Dynamics, Education and Governance; and, Social Impact Analysis. In this role he manages a national consulting team of PhD-level and other advanced degree professionals who collaborate closely with clients on strategies for addressing the complex personal, familial, and financial dilemmas and opportunities that can accompany significant wealth and that often determine its impact on current and future generations and both local and global communities. The work of the institute team includes helping clients to integrate family history and core values into wealth planning and decision making, translate vision and mission statements into actionable solutions, implement successful family communication and family transition strategies, establish effective family governance structures and processes, and define and measure social impact across the domains of philanthropy, investments, entrepreneurship, and social networks. Engaging clients in comprehensive goals discovery and experiential learning at individual, family, and multifamily levels are key components of this work. A significant emphasis is placed on engaging and preparing rising generation family members for not only the wealth, roles, and responsibilities they may inherit, but also various business, family, and social impact roles they may wish to inhabit, grow, and lead.

Arne has been with Wells Fargo—Abbot Downing’s parent company—since 2003 and has spent the better part of his career collaborating with executive leaders, entrepreneurs, and uniquely wealthy families and individuals on strategies for enhancing and leveraging opportunities that exist at the dynamic intersection of human, intellectual, and social capital.

Arne earned a doctorate degree in psychology from the University of Massachusetts and completed his clinical training at the University of California San Francisco and Harvard Medical School. 

Arne is a member of the Family Office Exchange (FOX) and the Society of Trust and Estate Practitioners (STEP); a recent speaker at FOX, STEP, Tiger 21 and the Institute for Private Investors; and has been quoted in the Wall Street Journal, American City Business Journals, Bloomberg, NXG Magazine, and Barron’s. He currently sits on the board of directors for Meals on Wheels of San Francisco.

 

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Lisa Featherngill

Managing Director, Legacy & Wealth Planning

Lisa is the head of Legacy and Wealth Planning at Abbot Downing. She is responsible for a comprehensive suite of services, including the Abbot Downing Clarity signature service, customized financial and wealth transfer planning, and planning for business transitions. She leads a team of experienced and credentialed professionals who provide traditional planning in a unique way to align with family governance, history, and education programs that reflect clients’ values, priorities, and goals. Lisa’s team of professionals are integral members of the Abbot Downing client team, providing ongoing advice to clients and coordinating with their other trusted advisors to ensure planning goals and communication plans are incorporated into banking, asset management, and fiduciary services.

Lisa has provided tax and financial planning services to affluent clients and families for almost 30 years. She previously was regional managing director for Wachovia’s Financial Planning Group, a predecessor firm of Wells Fargo, and spent the first 11 years of her career with Arthur Andersen where she was a senior manager of the personal financial planning and family wealth planning group.

After receiving a bachelor's degree in accounting from George Mason University in Fairfax, Virginia, Lisa became a Certified Public Accountant (CPA) (not currently practicing) and a CFP® professional.

As a member of the American Institute of CPAs, Lisa has served on several committees and is currently a member of the Personal Financial Planning Executive and Advanced Estate Planning Conference committees. She is also a member of the Novant Health Foundation Clemmons Medical Center and Davie Community Foundation boards. Lisa was named to Private Asset Management’s “50 Most Influential Women in Private Wealth”* in 2016 and 2015 and George Mason University’s “Prominent Patriots” in 2015.

 

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Barbara Spector

Editor-in-Chief and Associate Publisher, Family Business Magazine

Barbara Spector, who grew up in a family business, has served on the editorial staff of Family Business since 2000. She has been editor-in-chief since 2004 and became associate publisher in 2011. She has compiled and edited seven volumes of the acclaimed Family Business Handbook series. Previously, she was the managing editor of Jewelers' Circular Keystone, a trade magazine for the jewelry industry, which is primarily composed of family businesses. She is a magna cum laude graduate of the University of Pennsylvania.

Benefits

  • Completely FREE to attend
  • Opportunity for questions and feedback
  • Unbiased third-party family business education
  • All participants receive a copy of the webinar materials after the event.
  • All participants receive Family Business Magazine weekly newsletter, with news, tips and trends that impact your family business. You may, of course, opt out at any time.
  • 60 minutes -- maximum value for time

Sponsor

Abbot Downing