News & Insights


Minding Your Business - March 2020

Minding Your Business
Articles for Entrepreneurs & Those Who Serve Them

The Importance of Family Governance: Keeping Family Wealth and Relationships in Good Health

Family wealth that’s built by one generation is too often eroded or perhaps destroyed by future generations, who might squander the assets they inherit through reckless spending, poor investment decisions and other mistakes.

The end result: The family ends up back where it started, with the same amount of wealth (or less) it began with generations ago.

Do not let that be your family’s fate. In this month’s Minding Your Business newsletter, The Importance of Family Governance, you’ll discover how to create a formal plan that can potentially help you avoid watching your family’s wealth diminish over time—or stop you from being part of the problem!

Download the Article


To set up a meeting to discuss how we can bolster your entrepreneurial spirit and protect your family, contact:

  Andrew R. Connors, CFP®, CEPA
Business Owner Leader
Partner, Fairport LLC
(216) 431-2754

Fairport Wealth is passionate about helping entrepreneurs “mind their business” while fostering their family’s wealth.

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Fairport is registered with Hightower Securities, LLC, member FINRA and SIPC, and with Hightower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through Hightower Securities, LLC; advisory services are offered through Hightower Advisors, LLC.

This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.

All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and Hightower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.

This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of Hightower Advisors, LLC, or any of its affiliates.