Managing a family’s wealth from generation to generation is full of perils. Just ask heiress Frances Stroh of the Stroh’s Brewery family: they made and lost their fortune in the infamous shirtsleeves-to-shirtsleeves-in-three-generations cycle.
On this episode of The Morgan Stanley Private Wealth Management podcast we hear Ms. Stroh’s story and discuss the difficulties of maintaining intergenerational wealth with Glenn Kurlander, Managing Director and Head of Family Governance and Wealth Education at Morgan Stanley. It’s an in-depth examination of the common mistakes families make when managing their wealth and how best to avoid them.
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