Bank finance articles and tips

Inherited wealth can be a blessing or a curse. It can empower families to enjoy freedom and comfort throughout their lifetime and enable them to make positive contributions to the community. Or it can result in overindulgence, laziness and lead to infighting within the family.

Without a solid plan, a family can expect to sit by and watch their financial assets disappear in the process of handing down wealth to new generations. Worst of all, when it happens, the family often fragments and relationships are destroyed....

Ask your average consultant what time it is, and they'll ask if you have a watch; then they'll charge you a fee to look at your watch and tell you the time. Or maybe they will explain the features of their own watch in an effort to get you to purchase it - regardless of whether or not you need a watch.

Great consultants, on the other hand, will tell you the time. In addition, they will assist you with understanding how you can always know the time.

At its best, the business of consulting helps you to understand how you can make better use of what you already have. At its worst, you pay to have someone else tell you what you already know needs to get done. Or worse yet, give you more work. So, how do you make the best choice when it comes to hiring the right consultant?

Furthermore, how do you ensure that your agenda is being honored and implemented?