Navigating the complexities of a family business can be challenging. With the mingling of familial ties and professional responsibilities, finding the right balance is crucial. Over the years, I have worked with several UHNW family businesses and observed how the...
In my experience as a wealth psychologist, I have often noticed that when it comes to ultra-high-net-worth families, money tends to complicate rather than simplify relationships. It can become a source of stress, misunderstanding, and conflict. Therefore, the...
Estate planning is a critical aspect of wealth management, especially for ultra-high-net-worth (UHNW) individuals. However, even the wealthiest among us can fall prey to common pitfalls. As a wealth psychologist, I have seen how these mistakes can lead to unnecessary...
As a wealth psychologist, I often guide families through the sensitive and complex process of wealth transfer, and everything related to a proper wealth transfer plan. Unfortunately, I’ve witnessed parents making several common mistakes in their wealth transfer...
Farrer & Co Trustees Seminar invited Dr Lami to speak and provide her expert insight into the complex psychology of wealth and succession between generations. The talk reflected offshore trustees’ experiences of being trustees in the changing world we live in,...
Wealth transfer to the next generation is more than a financial transaction; it’s a rite of passage, a legacy journey that carries forward the family’s heritage and aspirations. As a wealth psychologist, my approach to this critical transition is nuanced...
