The Learning, Development, and the Rising Generation domain encompasses the personal, family enterprise, and family system activities that foster, support, and educate family members at all life stages, accounting for learning styles, decision-making roles, and positions within family, ownership, and business relationships.
Although this domain is often thought of primarily as financial education of children in a family of wealth, the domain is much broader. It covers all members of the family across the lifespan, including spouses and partners entering the family through committed relationships, elders undergoing life transitions, and stepfamilies having to learn knowledge and skills when joining the family. It also covers the multiple roles and responsibilities that require education such as becoming shareholders, beneficiaries of trusts, members of boards, and clients of a family office. These parenting, education, training, and personal development activities must account for learning styles or other issues that may impact the process of education or training. Families may provide support for learning programs either at the individual level or in family-wide programs supported by family governance and its leadership.
The Learning, Development, and the Rising Generation domain is a component of the Cultivation of Family Capital cluster in the Ten Domains of Family Wealth model of The UHNW Institute.
See Also: The Ten Domains of Family Wealth
The UHNW Institute. Our Thinking, December 15, 2022. https://www.uhnwinstitute.org/our-thinking/.
