{"id":468093,"date":"2026-06-09T08:49:08","date_gmt":"2026-06-09T08:49:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/468093\/"},"modified":"2026-06-09T08:49:08","modified_gmt":"2026-06-09T08:49:08","slug":"governance-is-key-to-families-ability-to-sustain-generational-wealth-says-us-adviser","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/468093\/","title":{"rendered":"Governance is key to families&#8217; ability to sustain generational wealth, says US adviser"},"content":{"rendered":"<p data-testid=\"article-description\">The chief executive of Vanquour Global Wealth Management believes wealth management practices in the US are a model to be emulated<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[SINGAPORE] The adage \u201cshirtsleeves to shirtsleeves in three generations\u201d exists in almost all cultures, but the largest and most successful American and European families have managed to overcome it.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">New York-based investment adviser Zhou Lu said that for the largest US families, the key lies in the entrenchment of governance in their businesses and management of wealth. It is a discipline that Asian families can learn from.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cIf you dig into the question of how wealth grows from generation to generation, investments and portfolios are just a piece of it. The governance, legal framework and structure, the operating business that has generated the wealth and the family office that manages the wealth, the dynamics among family members \u2013 those intricacies matter in the long run.<\/p>\n","protected":false},"excerpt":{"rendered":"The chief executive of Vanquour Global Wealth Management believes wealth management practices in the US are a model&hellip;\n","protected":false},"author":2,"featured_media":468094,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245,3505,48990],"class_list":["post-468093","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance","tag-wealth-management","tag-women-in-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/468093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=468093"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/468093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/468094"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=468093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=468093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=468093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}