Managers of the ultra-rich's fortunes are too afraid to ask them about succession plans
Logan Roy wasn't alone in his struggle to decide how to divide up his empire.
The root of the problem, it seems, is the difficulty family offices have managing the so-called"soft issues" and defining what the family does and does not want its heirs to do with the money. "A few years ago we had discussions with the family where we tried to articulate values. The result was something that we struggled to embed into the family. It's very difficult, and especially so for the finance professionals who are used to dealing with less emotional topics," the CEO added.
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