Wealth Managers 2020
Top Ten Family Office Services
A consummate authority of the family office world, Stonehage Fleming’s head of family governance and succession is typically erudite when Spear’s asks what the crisis has meant for clients.
‘From our experience, times of uncertainty and change tend to prompt our clients to reassess their families’ priorities and purpose,’ says Matthew Fleming, who’s responsible for helping clients pass on their legacy.
‘Generally, people will say that the greatest risk to their wealth is a plummeting stock market or an economy plunging into recession. However, we have found that a lack of common purpose and poor family communication can be as damaging or even more damaging.’