Case Study: Generational Differences

A family with a strong patriarch and adult children came to Prime Quadrant for help. The children were not interested in running the business, were not prepared to manage the substantial wealth they were due to inherit and are very socially conscious. There was some friction between the generations because of these differences.

After an initial discovery meeting as a group, then with each individual member, the family had a foundation for agreement. They concluded that an educational program for the second generation could help alleviate some of the friction.

Prime Quadrant's initial role was to implement this educational program to:

• Provide an understanding of best practices relating to the stewardship of wealth
• Learn the terminology of investing
• Develop and engage in collaborative investment decision-making

After delivery of the education program, a pool of capital was established with the adult children contributing some of their own capital so they could make their investment policy and allocation decisions together.

In addition to serving as investment advisor to the group for this pool of capital, Prime Quadrant also assists with third party due diligence on certain direct investments, supports the family with their private foundation and works with various family members on their own portfolios.

* This case study is not a statement of a client’s experience with our firm (not a client testimonial), but rather is derived from our firm’s experience and is offered for educational and illustrative purposes only.  We do not know whether clients on whom these case studies are based approve or disapprove of our services.