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 The Family Enterprise Division of IFF Advisors, Inc., is designed
to strengthen the business of the family. We are referring not only to
economic success, but emotional well-being and the capacity to function
as a successful social enterprise. Healthy families demonstrate confidence
and competency in their relationships, financial affairs and social interactions.
We understand
the challenges and responsibility opportunities of raising strong families,
dealing appropriately with financial success, passing important values
down to children and grandchildren, responding to differences in talents
and attitudes within and between generations and contending with social
pressures and the expectations of others.
We focus on:
- Consensus
building. Many children, who are raised in families with
strong, decisive parents, often do not observe the skill of joint
decision-making. Decisions seemingly mandated rather than discussed.
As adults, these same children are often asked to cooperate/collaborate
with their siblings in making joint decisions that affect the family
as a whole. Developing techniques that allow this collaboration to
occur in a positive and productive manner is necessary for the healthy
development of the family and the individuals.
- Communication
skills. Effective communication is one of the critical
skills contributing to life-long success. The ability to articulate
a position, define a goal and make a statement that is heard is necessary
for confident and competent families. Too often it is the loudest
voice that gets recognition. Listening carefully, discussing issues
and expressing oneself provides respect for self and family.
- Leadership
training. Leadership is developed through process. Skills
are needed within each generational grouping. The position does not
automatically fall to the oldest or even the smartest, but rather
the best prepared. True leadership requires skill development, willingness,
practice and opportunities.
- Financial
skills and experience. Dealing with the financial aspects
of life is not the talent or passion of every family member, yet every
member of a financial family should be taught basic financial principles
and wealth responsibility. Developing such skills enhances confidence
and competency.
- Dispute/conflict
resolution. Problems will arise. Disagreements are inevitable.
Skill development in the area of conflict resolution will sustain
long-term family harmony through short-term rough spots.
We seek to bind
together the members of the family by weaving shared values, community
responsibility and philanthropic passion into the fabric of the family’s
life and values. We do this by servicing the immediate needs of the family
as well as anticipating issues before they arise.
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