We impact family conflict to ensure family success
We are a boutique, private client alliance of highly experienced and multi-disciplinary professionals who serve high net worth families, individuals, couples, family businesses, and the professionals who advise them.
We are experts in conflict resolution and help clients overcome the normal challenges of family dysfunction, sibling and generational disputes and family differences.
We are complementary to the role of family advisors. We work closely with family professionals to better ensure the success and legacy of the family. We do not provide financial advice, manage funds, or tell our clients how to run their businesses.
We surround our clients with all areas of expertise impacting family success in order to support “hard skill” professionals in their performance
Seventy-percent of family owned businesses fail before the second generation gets a chance to take over. Why is this? The answer is: family disagreements and conflicts, egos and emotions, and the fact that many families are simply not equipped to handle complex business issues. Only 10% were successful in the third generation. Of the 70% that fail, 60% fail due to lack of communications and trust; 25% fail due to poor preparation of the next generation; and 15% fail due to poor tax, financial and legal advice.
(2012 Harvard Business Review Study)
Mayo Clinic Model
Some clients have referred to our service approach as the “Mayo Clinic Model” for family challenges. We undertake client assignments with a specialized team of expertise, focused on a single family situation. Our multi-disciplinary experts support families and their advisors as third party experts to address multi-generational needs such as family relationship-development and dispute resolution. We provide a private environment in which clients feel safe enough, relaxed enough, and supported to address their most sensitive family and personal challenges.
Our Mission
We endeavor to be the premier expert resource in assisting high net worth families, family-owned businesses, individuals and couples, and their professional advisors, to nurture family interactions that are the source of sustaining and passing on family wealth and success to future generations.
Creating Family Success
Family success is more than about the continued propagation of wealth.
It is about legacy, continuing relationships, social and cultural contributions of the family and overcoming the potential barriers that defeat the family, the family business and its fabric.
Core Values
The core values of the Spencer Legacy Group are values that define our service culture. Our core values guide us in our business decisions and provide a blueprint for our interactions with key stakeholders, whether they are family members or the professionals who serve them.
Practical – Our depth of experience is leveraged through prac%cal insight and understanding.
Servant Leadership – We are confident in our abilities and seek to inspire our clients, whether through thoughtful facilitation, tough love, or by example.
Reliability – We can be counted on to make good on our commitments – and serve the entire social system of a client, family or business interest.
Empathy – We have the talent, capacity, and ability to grasp and work to serve others in their unique situation in
Flexibility – We are dynamic and accommodating, quickly adapting to the needs, interests, and requests of our clients.
Confidentiality – We act responsibly regarding our clients, and preserve their confidence and confidentiality.
Unrelenting Integrity – Our clients tell us over and over again that our character, sincerity, and authenticity are what has drawn their loyalty and affection for us and our work with them.
