What are Family Dynamics?
Family Dynamics refers to the patterns of interactions among relatives, their roles and relationships, and the numerous factors that shape their interactions. Because family members rely on each other for emotional, physical, and financial support, they are one of the primary sources of relationship security and stress.
How does Family Dynamics affect my financial health?
While each family is unique, there are common issues all families contend with. First, family member relationships and conflicts can prevent families from implementing the advice being offered by their advisor. Second, families often deny the differences between their members and do not address the issues or conflicts. Lastly, past occurrences of perceived unfairness and lingering feelings of hurt can make compromise difficult.
How we can help
We can assist you with working through the emotional and psychological hurdles many families face when dealing with financial matters. Our team will take the time to learn about your family values, goals, and history. From there, we collaborate with your family on better defining the issues and finding the proper solutions needed for a successful financial future. Family meetings are a key part of the process.