About Family Wealth Ways
Helping you prepare responsibly
Your wealth may reside in securities, real estate, a business, farm, or ranch, or copyrights, patents, or other intellectual property. Regardless of your specific assets, you need to prepare your family members—and future generations—to handle them responsibly.
Given the long history of family fortunes squandered in bad decisions, mindless spending, failed succession plans, and destructive lawsuits, preserving family wealth calls for more than good intentions.
It calls for good intentions, plus know how.
Read, and know how
At this site and in my book and courses you will learn how to:
- Identify the forces that can destroy family wealth and relationships
- Improve your family’s conversations about business and financial matters
- Prepare your heirs for independent, productive, and fulfilling lives
- Engage in practices that preserve and build multigenerational wealth
Here you will find guidance, resources, and assistance with the challenges that come with significant wealth.
Why I’ve launched this site
While working on several projects related to family wealth, I became fascinated with questions like these:
- Why do so many successful families lose their wealth in three generations?
- How can parents calibrate the impact of their wealth on their children?
- How do families develop and preserve true multigenerational wealth?
In looking for answers, I learned about family wealth dynamics, wealth literacy, family governance, and similar practices. And I was surprised to learn that most families of wealth (and advisors) avoid those practices because they find them too complicated and, at times, intimidating.
So, I have launched Family Wealth Ways to distill those practices to their essence and make them accessible to everyone who can benefit.
About Tom Gorman
I specialize in simplifying complex business concepts and practices. This has been proven in hundreds of articles I’ve developed for professional services firms and more than 20 published books.
My work has appeared in WSJ.com, CFO magazine, Directorship, Chief Compliance Officer, and Chief Security Officer, among many other publications. Publishers of my books include Adams Media, Alpha/Macmillan, Amacom, Career Press, Fireside/Simon & Schuster, Wiley & Sons, Perigee, and Prentice Hall—and my own Content Publishing imprint.
In the first half of my career, I held management positions at two major New York banks and at Dun & Bradstreet and DRI/McGraw-Hill. I have also facilitated more than 100 communication workshops and completed CTI’s Co-Active Coaching Fundamentals course.
I hold a B.A. in psychology from Fairleigh Dickenson University and an M.B.A. in finance from New York University’s Stern School of Business.
Family Wealth Ways combines my lifelong interest in family, finance, business, and human behavior with my professional mission of simplifying the complex and helping people to communicate more effectively and more kindly.
About Tom Gorman
I specialize in simplifying complex business concepts and practices. This has been proven in hundreds of articles I’ve developed for professional services firms and more than 20 published books.
My work has appeared in WSJ.com, CFO magazine, Directorship, Chief Compliance Officer, and Chief Security Officer, among many other publications. Publishers of my books include Adams Media, Alpha/Macmillan, Amacom, Career Press, Fireside/Simon & Schuster, Wiley & Sons, Perigee, and Prentice Hall—and my own Content Publishing imprint.
In the first half of my career, I held management positions at two major New York banks and at Dun & Bradstreet and DRI/McGraw-Hill. I have also facilitated more than 100 communication workshops and completed CTI’s Co-Active Coaching Fundamentals course.
I hold a B.A. in psychology from Fairleigh Dickenson University and an M.B.A. in finance from New York University’s Stern School of Business.
Family Wealth Ways combines my lifelong interest in family, finance, business, and human behavior with my professional mission of simplifying the complex and helping people to communicate more effectively and more kindly.