Foundation Grants
Community Vital Signs
About Us
If you're already rich, it's time to add "family office" to the list of things to do.
That's the moniker given to a firm that specializes in helping families manage their money, the Globe and Mail reports.
Toronto-based Richter Family Office has a four-stage approach to wealth creation, from growing the business to diversifying the portfolio to supporting the next generation.
"Similar to how a successful business is run by a C-suite or full management team, a family enterprise should be approached with a high level of oversight and diligence," says Tasso Lagios, Richter's managing partner.
Here's what Richter has to say: Stage one: Growing the business.
Stage two: Diversifying the business and investment portfolios.
Stage three: Wealth creation, business and family interests.
Stage four: Preparing for the transfer of wealth.
"Talking about legacy and financial intentions can be emotionally charged," says Richter partner Greg Moore.
"Children who grow up around the business don't necessarily know its ins and outs."
Conflict resolution.
Conflict is a common aspect of family dynamics, and when managed constructively, it can foster innovation and growth within a family enterprise," says Richter partner Justine Delisle.
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
The government emphasizes innovation, inclusivity, and sustainability as part of its dual strategy the Financial Services Growth and Competitiveness Strategy and the Invest 2035 Industrial...more
Fox School of Business' Innovative Idea Competition welcomes students, faculty, staff and alumni from any of Temple's 17 of the schools and colleges to compete.The competition allows for rising...more
The German Design Graduates (GDG) Talk will explore how design and innovation can help address the challenges posed by extreme temperatures.This project is funded by 'Innovationsforderung Hessen' as...more
We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic.By clicking "Accept All", you consent to our use of cookies.These cookies will only be...more
The government of Colombia, Conservation International and the Green Climate Fund (GCF) announced support for the development of a project to transform water security in the Bogota region.The project...more
Wayne State University to lead USDA grant to support program training students in'smart agriculture' Program will use data to study future of agriculture and train students.Project, "Nonformal...more
A global carbon counting system, where every molecule of CO2 created during the production process is counted and made publicly available, could incentivize companies to invest in cleaner production...more
Maura Healey to launch a new initiative aimed at advancing clean energy and bolstering the workforce in the geothermal energy sector.The Clean Energy and Environment Legacy Transition Initiative...more
Data centers, the backbone of cloud services, are significant energy consumers.In 2023, the market was valued at approximately $25.20 billion and is projected to grow at a compound annual growth rate...more
COP29's Food, Water and Agriculture Day shined light on the transformative power of agrifood systems to drive emissions reductions.The Agri-Food Systems Summit brought together global leaders,...more
Social Entrepreneurship
Spotlight
Green Coworking Space Expands To Serve Denver’s Green Movement
The country’s first green coworking space, Green Spaces, is a hub for green and socially conscious businesses in Denver to work and connect with each other.