With Australia’s population ageing at a rapid pace, we're close to experiencing one of the most significant generational wealth transfers in history.
However, it is estimated that 70 per cent of families will see their inherited wealth dissipate by the second generation, and 90 per cent by the third. But what if the rising generation were educated on how to manage the family dynamics from a financial lens to ensure losing wealth is no longer a statistic?
Get in touch
Our team at Grant Thornton is made up of accredited specialist advisers who understand family dynamics and the delicacy of relationships.
Our Rising Generation Financial Acumen Training Course will explore cash flow management, asset protection, and help you to understand how the family can be remunerated from different entities — all tailored to the intricacies of family businesses. It will equip the next line of leadership with skills to measure, interpret and make decisions in the business that will positively impact the bottom line.
More importantly, it will give you the confidence to continue operations, even when the first generation are no longer around. We help the Rising Generation find their business voice, instilling confidence in them to not only run, but grow the business for generations to come, ensuring long-term success. The course will also equip family members who are not working in the family business to understand the financial statements.
![A venn diagram outlining the areas of Ownership, Business and Family]()
