David’s Articles

David has been writing and publishing since 2006.  

This post was written and published prior to September 2023 when David and his prior firm, Family Capital Strategy, merged with Greycourt.  Views expressed reflected David’s personal views at the time and do not necessarily reflect the views of Greycourt.  Posts and information may be out of date and should not be relied upon for investment advice.

7 Core Capabilities for Legacy Families to Develop

Sep 21, 2022 | Family Wealth

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While I am working on a much longer article / white paper on the moment, I wanted to share 7 core capabilities that legacy focused families must develop over time in order to be successful.

Most often, people focus on the first – can the family work together?

While this is necessary, it is not sufficient to address the full panoply of challenges that families face over the generations.

Consider the following:

  • Can we work together?  Do we know how to organize ourselves to accomplish a task?  
  • How are decisions made? How is power exercised within the family? Is this power model durable for the long term?
  • How does the family preserve tradition, but also remain innovative to avoid becoming brittle in a changing world?
  • Can we manage conflict?  Can the family disagree but remain in relationship?
  • Can we manage hardship / suffering?  How will we handle the inevitable griefs that come?
  • Can we welcome others in?  Every generation on-boards both in-laws and the next generation?  
  • Can we learn?  Is the family self-reflective to identify knowledge and skill gaps and capable of the learning required to address?


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Nashville, TN