Rules or Myths? The Family Business Podcast

In this episode of the show I am joined by Dr Jim Grubman as we discuss an article he has written for International Family Offices. In this article he explores the so called “70% Rule”. This “rule” states that 70% of wealth transfers globally, fail.

In the show Jim highlights which studies, evidence and statistics went in to the publication of the “rule” and why it is essential for practitioners and the families that we serve to ensure that we are not repeating so called “rules” as a marketing or fear tactic. 

We also look at what can be done in the future to ensure we are using accurate, robust and sufficiently well diversified research criteria to understand patterns rather than to create rules or myths that can be misleading.