What You Need to Know
- The Morgan Stanley Family Legacy and Governance Institute is aimed at estate planning lawyers, CPAs and other professionals.
- It is intended to help them support harmonious decision-making and success within families.
- The first annual Institute took place Tuesday.
Morgan Stanley Family Office Resources announced Tuesday the rollout of a virtual educational program designed specifically for wealth managers to address and implement family governance processes for ultra-high-net-worth clients.
The Morgan Stanley Family Legacy and Governance Institute will assist estate planning lawyers, CPAs, family office executives and other professionals in understanding the importance of family governance in order to support harmonious decision-making and success within families.
It is intended to build their knowledge so they can practice more confidently and effectively with ultra-wealthy clients.
“When we think about the success of families over multiple generations, we have seen that long-term success relies heavily upon matters including aligning around a deeply held set of shared family values, building a family mission, and creating strong processes for making decisions together with respect to their joint enterprise,” Glenn Kurlander, head of family governance and wealth education at Morgan Stanley, said in a statement.