Aug 8, 2023
Join Francesco Lombardo for this week's Safe Space as he
speaks with Felicia Heng, founder and managing director of Wise
Purpose, a boutique consulting firm specializing in family wealth
advisory, leadership coaching, and next-generation succession.
Felicia shares her diverse expertise in psychology, investments,
and family governance, and sheds light on her work with families
and the next generation, specifically focusing on the emotional
aspects of inheritance and succession.
The conversation delves into the profound impact of sudden
deaths and accidents on succession planning, and addresses how
narratives related to money and wealth play a crucial role in
shaping the emotional journey of individuals involved in the
Felicia’s advice to the Senior and NxtGen…unpack the emotional
journey from practical aspects of succession, inheritance, and
family business transitions, as clarity in separate narratives
allows for better alignment; recognize that this is both an art and
a science, seeking support from independent professionals or
networks with codified knowledge; and start discussions earlier
when everyone is healthier and less stressed, recognizing the
importance of time in addressing complex matters, and embracing the
proverb that the best time to act was 20 years ago, and the next
best time is now.
To contact Felicia Heng, reach out to her at email@example.com