A Year in the Wealth Circle

Meet Family A, who embarked on a journey with Wealth Circle to navigate the unique challenges of their family business. In the first year, their journey focused on family alignment and governance, following a structured sequence of activities tailored to their specific needs.

Family A's journey began with an on-line assessment and in-person consultation. Based on this assessment, a series of family alignment activities were designed to foster open communication, regular meetings, and a shared vision for their future.

Over the next few months, we supported Family A to develop a governance charter outlining their values, policies, and decision-making processes, ensuring all members understood their roles and responsibilities in the family business. As part of the process, they also established a family council to oversee governance and manage family affairs.

To further accelerate the progress, Family A attended their first quarterly retreat, a three-day immersive experience focused on family alignment. The retreat included team-building exercises, workshops on effective communication, and facilitated discussions to help them establish a shared vision and goals for their family business.

Throughout the year, Family A had access to customized online resources and tools to get exposed to best practices in family alignment and governance. With a progress on family alignment achieved, Family A attended a second retreat dedicated to governance. This retreat aimed to strengthen their family business's governance structures and processes. Expert speakers provided insights on best practices and strategies for implementing robust governance, leading to better decision-making and accountability within the family. As a result, Family A decided to add external board members to their governance structure, enhancing the overall effectiveness of their family business's decision-making process.

By the end of the first year, Family A had made significant strides in improving family alignment and governance, setting the stage for continued growth and success in the years to come.