THOUGHT LEADERSHIP
In UHNW families and family offices, priorities certainly include wealth preservation and enhancement by growing their businesses and investing in asset classes of interest—all the while mitigating risks. Over the next 2 to 3 decades, around $65 trillion of assets will be transferred from the Leading Gens, who are mostly Boomers, to the Next Gens. Some Leading Gens are even skipping Gen Xers and going straight to younger Millennials and Gen Zs. Yet, are younger Next Gens fully aligned in values/principles with their parents or partners? To what extent are Next Gens prepared psychologically, and in soft and hard skills, to manage enormous new wealth and weighty responsibilities? Success with well-being is often about 80% psychology, 20% mechanics/structures—not the other way around. While family patriarchs/matriarchs are captains of their industries, many (quietly) want to improve the quality of relationships with their Next Gens at home and at work. Families want not only next-level tangible outcomes, but also sound relationships and peace of mind.
The Art of
MENTORING THE NEXT GEN and Succession Planning By Jason Ma CEO and Chief Mentor of ThreeEQ
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For the past 14 years, I feel privileged to have inspired and guided 1-on-1 hundreds of select Next Gens—from Gen Z high schoolers to Gen X CEOs—to achieve powerfully integrated, next-level outcomes as their Ivy League/ elite college admissions, leadership, career, executive, and/or life coach. Recognized as the inspiring Chief Mentor of Next-Gen Leaders and a sought-after Speaker in influential Family Office and CEO circles and magazines worldwide, I actively listen and incisively provide short stories, insights, and, most importantly, guidance on these types of subjects. Let me highlight some of the key ingredients in the art of next-gen mentoring and succession planning: START EARLY. This will help you reduce stress/anxiety and achieve greater outcomes, relationships, and peace of mind. It’s somewhat like compound interest over time. I often see families in pain from (major) opportunity losses because they didn’t invest in trusted, high-quality, third-party help early on.
