In this Forbes article, Olson Wealth Group President Sharon Olson, CFP®, CEPA shares her perspective on how and why multi-family offices can help clients, particularly women and first-generation wealth creators, navigate the complexities of sudden wealth. For many business owners, the path to success involves relentless hard work, plowing their profits back into the business, and living a modest lifestyle.
When the good fortune of selling the business occurs, many are not familiar with the complexities that this sudden wealth can bring. Working with a multi-family office can help business owners navigate sudden wealth events to assemble their team, evaluate risks, define purpose, align greater impact, and realize the greater reward of such wealth.