The Toolbox

Over time Dave became frustrated with the traditional time consuming and ineffective way that advisors typically worked with business-owning families and families of great financial wealth. It seemed that all necessary parties weren’t part of the important conversations and only the business owner had any impact on the planning that took place.

In response to this inadequacy Dave created his first tool--The Family Business Continuity Audit©. An online instrument that professionals can use to assess, organize and quickly determine the areas of continuity that are most important for the family to address.

Dave is also excited about the production of The Wealth Stewardship Profile©. Still in its ‘beta phase’ this tool is designed to assess and measure areas of “true wealth”, such as financial literacy, talent discovery and development, etc. and how those areas are developed among all family members. Wealth perpetuation is more than transferring financial assets from one person to another. It is about conveying values, ethics, and unleashing a person’s true gifts and talents.

To learn more about The Family Business Continuity Audit or The Wealth Stewardship Profile and if they are appropriate for your family or the families that you work with contact Dave at davespecht@gmail.com.