Thank you to FFI Asian Circle Virtual Study Group members Joanna Sun, ACFBA/ACFWA, and Kimberly Go, CFBA/CFWA, for their article that outlines principles from The Art of War, a classic text of military strategy from Chinese philosopher Sun Tzu, and applies them to family advisory practice.

The second part in this article by Dennis Jaffe and Amy Hart Clyne picks up where Part I ends. After satisfying the requirements to become new family stewards, the stewards enter a “journeyman” period, learning to be productive and engaged members of the family culture of stewardship.

Go here to read or reread Part I, and read on for Part II.

Thanks to Dennis Jaffe and Amy Hart Clyne for this two-part article that draws on their experience working with successful families to create an ongoing value-based culture for the responsible use of wealth across generations.

Jaffe and Clyne explore four key questions in the course of these two issues:

• How does a family develop an extended family mindset and create stewards for the future family fortune?
• How do families of wealth encourage young family members to remain connected and engaged as each of them explores personal opportunities?
• What preparation is required and what opportunities exist to develop the next generation of family leaders?
• How can family elders comfortably make room for future family leaders?

And . . . they give a warning that instilling a culture of stewardship as described in these articles is not a quick fix. Making it happen requires continual, multigenerational family engagement and activity.

Please read on for Part 1.