Steve Rosenbaum
My background is accountant, foreign exchange dealer and then, in 1997, I joined a financial services business that was eventually sold to a private equity company. After the sale, I started working in my own family's family office, which consists of an operating business, managenent of our family's investments and a medical research charitable trust.
These experiences convinced me that the route to acheiving an overall balance of health, wealth and happiness in a family enterprise is to "get organised". I know that multi-generational wealth creation and transfer is very challenging and that the scale of the challenge can overwhelm the desire to do anything about it, but doing nothing is fraught with danger.
After studying family businesses through the Family Firm Institute (FFI) and other programmes, I surveyed the consulting firms who were actively helping family businesses and family offices in the UK. I chose to join FBS because their approach is "pracademic" - thoroughly grounded in theory but packed with practical ideas and strategies to help families, like mine, deal with the emotional and financial challenges that come with being a family in business together.
I am adding to the FBS body of knowledge my experience of the effect of wealth on the next generation of enterprising families.
