Fiduciary Mindset

Family Stewardship is about, among other things, fostering a fiduciary mindset among wealth creators and beneficiaries. A fiduciary mindset is one that carefully weighs the short term and long term benefits and risks of a financial decisions and acts in the best long term interests of the beneficiaries. It recognizes that prudent risk taking is a necessary component of long term prosperity. Investment is not just about buying financial assets; it can mean spending money to encourage constructive behaviors, obtain knowledge, experience and hopefully some wisdom. It’s about recognizing and fostering the natural strengths and talents within in families while mitigating their weaknesses.