Where Did All the Money Go?
We were mid-conversation at a beach house shoot in Lagos – producer pacing, crew adjusting lighting, makeup artists blending under the sun – when she pulled me aside. “Please,” she whispered, sunglasses sliding down her nose, “can you just help me make sense of everything?” Everything, as it turned out, was: A house she just […]
Structure is Not Surrender: Notes for Transitions and Successions
I’ve had more and more rising-gen clients – usually sons, daughters, nieces, and next-gen leaders – pull me aside lately and ask: “How do we convince Daddy to stop doing everything himself?” “Mummy built this empire, but we don’t even know where the documents are.” “We want to put structure around what we’re building, but […]
Before it Gets Messy…
You’ve built the business. But who’s holding the family together? Years ago, it was simple. Your parents built something from nothing – maybe a trading company, a supply business, or a property portfolio that started with one plot of land. They wore every hat. They made the deals. They paid the school fees. And you […]
Rebellion or Responsibility? Generational Transitions in African Family Enterprises
It’s not just about age. What looks like resistance is often a rising generation trying to show up – differently. We were mid-call with a client – a founder in his 60s and his daughter in her 30s. He built one of the largest local logistics companies in West Africa. She just left a strategy […]
“They’ll Figure It Out” Is Not a Plan: Why Financial Literacy Must Start at Home and Now
A few weeks ago, I sat across from a second-generation client. She had just inherited significant assets – multiple properties, shares in a few companies, and access to her family’s philanthropic foundation. She looked at me, wide-eyed and nervous, and asked: “So… what do I do with all this?” That question stuck with me. Not […]
Turning 18? The Sides of the Table
The Celebrant I am finally turning 18!. Whether the celebrations would go according to how I want it or not, one thing remains; I am now legally an adult. There are calls I would make by and for myself. I can even get to work and make some money on the side. Oh, I can […]
‘Nwa Boi’ Practice – Some Unfinished Business
It was one of those weekends when ladies just want to be girls – pause from adulting – and take a break from the many responsibilities around us. The guys were away and the kids were having their fun in their own way. We tried to avoid conversations around work or family. Somehow we landed […]
Building Legacies: How Multifamily Offices Shape Wealth Preservation for Africans
Unlike Europe, where legacy planning is prevalent, Africa faces a significant gap, with only 5% – 10% utilising viable legacy plans. This raises concerns about the sustainability of Africa’s wealth in the face of Europe’s proactive approach. The key driver to close this disparity is engaging with MFOs which are specialised firms offering a comprehensive suite of services geared towards ensuring multigenerational legacies and wealth. Let’s delve into the benefits of MFOs:
Family Harmony & Wealth: How a Multifamily Office Can Ease Black Tax Burdens
Navigating the complexities of black tax isn’t just about balancing your family’s financial expectations with your own goals—it’s a journey that touches upon pride, motivation, and the challenges of preserving your wealth for future generations.
For high-earning individuals like athletes or entertainers; your success often comes with a dual-edged sword. While your achievements bring financial prosperity, they also come with increased demands from extended family members—a situation commonly referred to as black tax.
What Do You Need? Wealth Manager or Multifamily Office
As managing partner at The Legacy Haus multifamily office, I’m often asked about the distinct edge of a multifamily office over a typical wealth manager. So, let’s unpack this!
A multifamily office is like your personal family advisor, curating services specifically tailored to your unique needs and to simply your life. Here’s why it’s a game-changer: