Family wealth management focuses on caring for the physical needs, as well as , the emotional needs of family members. Providing for the physical needs of family members includes planning for family lifestyle desires / goals, planning for educational expenses, providing resources for disability and survivorship needs and preparing for pre/post retirement needs.

An often overlooked area in financial planning is the necessity to provide for family members emotional needs. The simple truth is that emotional issues destroy family wealth far more often than economic and market challenges. Divorce, immature adult children, fearfulness, anxiousness and bitterness are all emotional challenges that damage and destroy family wealth. Healthy emotional processes are essential for families to prosper financially.