Family governance
printFor families who hold significant wealth in common — an operating business, a family office, a foundation — effective governance is a high priority. Good governance conveys a sense of purpose to family members and assures that when decisions need to be made, the appropriate people come together to make them.
Benefits and risks of working together
Families who succeed in working well together can realize a number of benefits. Collective action typically allows individual family members to expand their knowledge, influence and access. But managing wealth together also entails risks. Individuals may have to sacrifice at least some of their personal objectives for the sake of the family. Conflicts sometimes create new fault lines or re-open old ones.
Perspective earned through experience
JPMorgan has counseled numerous families on issues of family governance. We understand the governance structures and practices that have proved effective and ineffective for wealthy families, and we can give you a sense of the alternatives available to you. We can also provide insight into the needs of future generations of your family. Our experience and objectivity can speed progress to a workable solution and reduce strains along the way.
Contact a JPMorgan Advisor to learn more about JPMorgan's family governance services. Alternatively, you may contact any JPMorgan office.
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