Managing Emotional Dynamics in Enterprising Families

Family wealth is rarely just about numbers,  it is about people, relationships, and emotions. In this Canadian Family Offices article, advisors, including Bill McLean, Partner at Richter, explore practical ways to manage tensions that can arise in family enterprises. From creating inclusive spaces for dialogue to educating the next generation on financial literacy, the piece highlights how empathy and structure are essential to preserving both wealth and harmony.

The article outlines six strategies families can adopt: addressing avoidance, fostering financial education, uniting around philanthropy, and confronting challenging behaviours with clarity and care. With the right guidance, families can move beyond emotional flare-ups and build stronger foundations for long-term success.

Read the full article on the Canadian Family Offices website.