African HBD - African Houston Business Directory

05/27/2026

Driving , Delivering

"The Face of Wealth Is Changing

Advisors indicate that their affluent client base reflects a significant demographic evolution. (24.2 percent) and (13.7 percent) now comprise 37.9 percent of the high-net-worth ( ) market, rivaling at 25.4 percent (see figure 1). This younger demographic brings distinct preferences for digital engagement, transparency, and values-driven investing.

VALUES-BASED DECISION-MAKING.

Environmental, social, and governance ( ) and strategic have moved from niche interests to core client demands." - and Review

https://publications.investmentsandwealth.org/iwpublications/library/item/july_august_2025/4293745/

Advisors need a road map for both reimagining their approach to serving affluent clients and achieving sustainable market leadership and growth.

05/20/2026

Domain Expertise: For Those Who Seek to Serve Wealth

"The keenest need an family should address isn’t its need for , estate planning, or . Instead, I think the keenest need is for the to have an overall and model that is designed to accomplish its .

The needs to start by defining the purpose of its wealth and only then deal with the for accomplishing that . And it’s unlikely they’re going to find one firm that’s going to help them accomplish all this. Even if they have a , they will need a collection of service providers.

Many of the services in all the domains and the need to integrate how they are provided certainly apply in a lower-octane or less-complicated manner to with less wealth." - and Review

https://publications.investmentsandwealth.org/iwpublications/library/item/march_april_2025/4269642/

Advisors who work—or who seek to work—with families of substantial means must acknowledge the breadth and complexity of counsel required for this cohort of clients.

05/13/2026

Family Wealth Education

"Education is the key to managing family wealth for generations.

Studies have revealed that, a staggering 70% of first generation wealth is not purposefully transferred to the next generation, rendering a crucial and timely topic..

When children aren’t adequately educated and prepared for their , it should come as no surprise that a large proportion of wealth is lost once transferred to the heirs. Proper family education is essential to help families preserve their assets and enable the heirs to lead purposeful, fulfilling lives.

The Family Statement

The act of creating a Family Mission Statement helps to strengthen the family bond.
..every Statement should include the values in which your family wants to live their lives by, the family’s goals and the way in which everyone plans to achieve these goals. It is essential that every family member is an active contributor.

As people, relationships and families grow, so do their perceptions, and priorities. An effective Family Mission Statement should be updated at least annually to keep the Statement relevant and to encourage the family to reconnect with one another.

When composing your Family Mission Statement, consider the following as a guideline:

1. Define your family’s:

▪ Goals

▪

▪ Values

▪ Strengths

▪ Weaknesses

4. Describe important qualities and characteristics that members of the family should possess.

5. What characteristics do you want your children and grandchildren to have as they grow up?

7. What is the main purpose of your ?

9. Name three things you think you could do better as a family.

10. What would people say about your collective family today?

11. What would you like people to say about your collective as a whole in 30 years? 100 years?

12. What is the your family would like to leave?

The Philanthropic Philosophy Statement

The Philosophy Statement is a unique annunciation of compelling, sustaining reasons to .

The initial Statement should be brief and refined over time; refined to capture evolving intentions, and actions." - Nuveen, a TIAA company

05/07/2026

Conducting Effective Multigenerational Family Meetings About Business and (Part 3) by Dennis Jaffe, PH.D and Stacy Allred

Writing Letters

One of the most powerful activities by a family, often preceding a first meeting, is for the family elders to write a letter to the next generation (their children) defining their values, their desires for the and what they would like to see as the outcome of the many possible forms of family in the . These letters can be deeply moving and form a preamble to the defining of a family constitution or agreement for the future. The letters take time to write, so the may want help and support in writing their letters. They can be shared at the family meeting or shortly before it. When they are shared, there should be a time for questions and answers and a discussion by the whole of what this means and how to put it into action.

Sessions

Family members often want to learn and business skills, and the family has a number of resources— and employees—that can offer them. Young family members can also be offered seminars where they learn a skill—like , use of credit, buying a , learning about or reading a balance sheet—that will prepare them to be responsible and stewards of . Some have special learning sessions for very young family members when the rest of the is meeting, where they learn things like how to set up a business or outdoor skills.

Download and read the full report here:

https://dennisjaffe.com/download/a-handbook-for-conducting-effective-multigenerational-family-meetings-about-business-and-wealth/

The monograph Talking it Through, offered some basic tools and resources for setting up a family meeting. This Handbook offers more detail and concrete suggestions for setting up and conducting family meetings about money, wealth, and family business. It also contains many specific suggestions for a...

04/29/2026

Conducting Effective Family Meetings About and (Part 2) by Dennis Jaffe, PH.D and Stacy Allred SurveyMonkey

SETTING UP THE FAMILY MEETING

1. Get Everyone’s Agreement to Hold the Meeting

2. Have a Clear Purpose and Goal

3. Design the Meeting Collaboratively and Create Clear Expectations

4. Clarify Format and Expectations

5. Invite Participants and Information

There are many kinds of survey and assessment tools that allow the family to learn about skills and of each family member. Particularly valuable in larger families, a feedback tool like SurveyMonkey or others can be helpful. It gives each family member a voice and provides the opportunity to learn what worked and what didn’t work, which can be helpful in the next family meeting.

6. Create a "Safe" Environment

Typical ground rules include:

; don't .

Focus on issues, not people or personalities.

Leave titles outside the door; address each other as .

Share feedback with consideration and kindness; avoid attacks.

Use "I" statements, not "You" statements (for example "I feel irritated and

hurt when people interrupt me" rather than "You are being so nasty,

interrupting me all the time").

and Communication

Research shows that the major cause of families failing to preserve multigenerational wealth is a breakdown of and trust within the unit. , in this context, refers to , and competence.

Sharing Information about Enterprises

When asked what lesson they believe to be the most important to impart to their , cited “ know-how.”3 Yet, still have a hard time talking about .

Download and read full report here:

https://lnkd.in/gS6KE9vf

SurveyMonkey

This link will take you to a page that’s not on LinkedIn

04/28/2026

This is no joke. Quite and can be quite nutritious (especially if the bean skins are left of like this video). Served in many and / grocery stores in and the .

04/27/2026

As we face off in the playoffs and get the W last night, while we can; It's nice to acknowledge and honor our and that paved the way.

NBA greats spotted today in the Rockets-Lakers game:

✅ Hakeem Olajuwon (63 yrs old) 1st pick 1984
✅ Ralph Sampson (65 yrs old) 1st pick 1983
✅ Elvin Hayes (80 yrs old) 1st pick 1968

04/22/2026

Conducting Effective Family Meetings About and (Part 1) by Dennis Jaffe, PH.D and Stacy Allred

As grow to adulthood and get married, the socio-economic landscape shifts and new must emerge or be developed inside the family. How does this happen? To survive as a family , the family must share information, , expectations, responsibility and planning across generations.

This survival can only happen through focused, informative, trusting and productive family meetings.

Lack of information and can lead to distrust and the perception of unfairness.

As more people enter the family each generation, family meetings allow the members to consider different perspectives and align expectations so nobody feels unfairly treated and family members understand, trust and respect each other’s roles.

Family members of each generation have to understand and the rules and procedures for working together. They need to understand their parents’ legacy while also making plans for succeeding together as a team in their own new generation. Members of each generation easily misperceive each other—the family meeting is a pathway to reconcile these divergences.

What is the major cause of failure of a family meeting? Most often, it is incomplete . A family meeting is important enough that you must engage in a lot of work beforehand to ensure that everyone knows what to expect. A general rule is that people should know, understand and agree to the meeting and its focus, and that there should be no surprises.

SETTING UP THE FAMILY MEETING

1. Get Everyone’s Agreement to Hold the

2. Have a Clear and

3. Design the Meeting Collaboratively and Create Clear Expectations

The advisor should hesitate to define the agenda alone or with help solely from the family elder. The convener or should, if possible, work with a small group of two or three people who act as the steering committee, representing different roles and generations. The steering committee should, in turn, reach out and talk with all family members about what they would like to accomplish in a . The committee can then define a theme, or big task, and craft an agenda so the members know the purpose and what will be discussed. There may also be discussions about whom to invite—whether to include in-laws and if should attend (and what is the appropriate age for those children).

4. Clarify Format and

Download and read full report here:

The monograph Talking it Through, offered some basic tools and resources for setting up a family meeting. This Handbook offers more detail and concrete suggestions for setting up and conducting family meetings about money, wealth, and family business. It also contains many specific suggestions for a...

04/15/2026

Creating a family values statement

A values statement should be a document that defines the actions that the family will take to sustain its legacy in the next . These are made up of the values of the older generation, amended and developed further with the input of the members of the .

Each value should be backed up with concrete to implement that in the .

04/08/2026

Cracking the code of constructive family meetings in Family Business Magazine (Part 2)

"Core Purpose

Each meeting should have a core ; a focus that guides the conversation.

Beyond the Family Meeting

In summary, a family code of conduct is a set of agreed-upon rules and understandings that a family creates to ensure a safe, comfortable and positive setting for family in a meeting.

A final word about the code of conduct in the context of other areas of family and behavior: The family that adopts a code for behavior in a meeting may decide the rules are important not only in , but in their in general. The whole family may agree to strive to adopt these standards for all their and together. The code of conduct may become part of their family , and , as well as their constitution." - Family Business Magazine

Visit the article to read the full text.

https://familybusinessmagazine.com/governance/policies-procedures/cracking-the-code-of-constructive-family-meetings/

Effective family communication often begins with an explicit code of conduct.