The thought of discussing inheritances with family members can be emotional and uncomfortable if not approached in the right way. The late Charles Collier was the former senior philanthropic adviser at Harvard University, where he served for 25 years. He…
Going through a divorce is challenging and emotionally exhausting, and the process is often time-consuming. This is especially true in affluent families where additional complexity can complicate the division of assets. It can take months or even years to arrive…
People often ask who our clients are and where they come from. Looking down the list of our 80ish client families, about 50% are from entrepreneurial families. Some of them have sold their businesses and some of them still operate…
One of the most common questions we get from our clients is how to maximize the chances of a successful wealth transfer and retain strong family relationships. Clients want to ensure that their hard work and legacy continue to live…
Join Northwood Family Office's Tom McCullough at ACG Toronto's 19th Annual Capital Connection Conference on November 16th from 11:30 am - 12:20 pm EDT. Tom and other prominent leaders in the family office space will be panelists discussing direct investing in the family office…
When I started in the family office industry 18 years ago, a lot of people didn’t know what a family office was. When asked what kind of work I did, I replied that I worked with a family office. Several…
This is the time of year when families across the country gather at shared properties to bring together generations, celebrate traditions, enjoy quality time and bond through communal experiences. These properties often provide a sense of place and a stable…
There are really only two things you can do with money -- spend it or give it away. If you’re a client of Northwood, you will have heard this from us countless times. Philanthropy is one of the ways to…
Mozart had an extraordinary memory. At the age of fourteen, he was visiting Rome when he heard Allegri’s Miserere performed in the Sistine Chapel; later that day he was able to write out the entire score from memory.1 This piece was…
If I had told you in the Fall of 2016 – not even five years ago – that Elon Musk would be the richest man in the world, a global pandemic would virtually shut down the entire world, and a…
