A major problem with creating a family dynasty is the ability to maintain or increase the family’s buying power across generations. As most families grow in size and establish multiple branches, the amount of wealth required can possibly escalate exponentially. According to Vince Annable, CEO and Founder of VFO Advisory Group and author of The Household Endowment Model: Wealth Planning for Affluent Families, “We find wealthy families, who are thinking generationally, first have to understand what it’s going to take to ensure the level of wealth they want for their heirs and their heirs of heirs.
