François de Visscher teaches us about the importance of a psychological shift in mindset to help families define what wealth means to them, transition from business owners to wealth owners, and grow and safeguard their long-term wealth throughout the process.

François de Visscher is the founder of de Visscher Advisors, one of the world’s leading independent financial consulting firms for family businesses owners. He’s also the Co-founder of FODIS, which specialises in direct investing for family offices.

-Families should take a ‘portfolio view’ of their wealth using a green, yellow, and red labelling system identifying activities that should continue, change, or halt, given current market or economic conditions.

-The assets in a portfolio should work toward the goal of stability, growth, or agility depending on the opportunities a family wishes to leverage or the uncertainty it hopes to sidestep.

-Risk is an important consideration when families are determining a course of action, but avoiding risk altogether can leave families just as exposed — stuck in traditional models that will inevitably become obsolete. Instead, families should stay close to their core competencies when approaching risk, fully understanding why it’s necessary and how it will lead to advancement.

Subscribe to the channel here:    / @tharawatmagazinefamilybusiness  

Listen on our website: https://www.tharawat-magazine.com/fam...
Listen on iTunes: https://podcasts.apple.com/ch/podcast...
Listen on Stitcher: https://www.stitcher.com/podcast/thar...
Listen on Spotify: https://open.spotify.com/show/7p8zOHB...
Liston on Google: https://podcasts.google.com/?feed=aHR...

-----

You can follow us at:
Website: https://www.tharawat-magazine.com/
Facebook:   / tharawat.magazine  
Twitter:   / tharawatmag  
Instagram:   / tharawatmagazine  
LinkedIn:   / tharawat-magazine