Family Governance: Keeping Wealth Across Generations in Memphis and the Mid-South

Let’s talk about something close to home for so many Memphis and Mid-South families: how do you make sure your hard-earned wealth lasts—not just for your kids, but for generations? Around here, we know the value of legacy, whether it’s a family business in Collierville or a charitable tradition in Germantown. But keeping that legacy alive takes more than luck; it takes a plan.

That’s where family governance comes in. Think of it as your family’s playbook—a set of shared values, transparent decision-making processes, and a roadmap for passing down not just money but wisdom and opportunity. More and more families in Memphis are embracing this approach to prevent the all-too-common story of fortunes fading within a few generations.

Why Local Expertise Matters

When you partner with Duncan Williams Asset Management, you’re working with people who live, work, and play right here in Memphis and the Mid-South. The DWAM team isn’t just credentialed and experienced—they’re your neighbors. They understand the unique opportunities and challenges families face in our community because they’re part of it, too. Their advisors bring decades of expertise, and their guidance is rooted in both national best practices and local insight.

A Commitment to Community

DWAM’s mission extends beyond asset management—their promise—“Serve our Clients. Improve our Community”—isn’t just a slogan. It’s a daily commitment. You’ll see DWAM supporting local nonprofits, arts organizations, and initiatives that make Memphis a stronger community. When you work with DWAM, you’re not just getting financial advice; you’re joining forces with a firm deeply invested in giving back to the communities we all care about.

What Does Family Governance Look Like Here?

For Memphis families, family governance means regular conversations, family meetings, and sometimes even a family constitution that spells out your shared vision. Local advisors, such as DWAM, help families establish structures—like family councils, investment committees, and educational programs—that keep everyone informed and involved, from grandparents to grandchildren.

They also help you navigate the rules, including SEC regulations for family offices, so you can focus on what matters: building a legacy that reflects the best of Memphis and the Mid-South.

The DWAM Difference

DWAM’s advisors tailor their approach to each family’s unique needs, whether you’re managing a business, planning for retirement, or establishing a charitable foundation. They’re always a phone call away—ready to answer your questions, review your plan, or talk about the Tigers game. With DWAM, you get the peace of mind that comes from working with a team that’s as committed to your family’s future as you are.

The Bottom Line

Keeping wealth across generations is a challenge, but Memphis families have a secret weapon: local expertise, shared values, and a partner like DWAM who cares as much about our community as you do. With the right plan and the right team, your legacy can thrive for generations.

Disclosure:
This article is for informational purposes only and does not constitute legal or investment advice. Please consult your own qualified advisors before making financial or legal decisions. Investments carry risk, and past performance is not a guarantee of future results. Duncan Williams Asset Management is an SEC registered investment advisor. SEC registration does not imply endorsement or indicate a specific level of skill or ability.

Sources:
https://www.dwassetmgmt.com
https://www.dwassetmgmt.com/blog/your-mission-your-future--partner-with-a-firm-that-understands-both
https://justmymemphis.com/dwam
https://citycurrent.com/2020/10/30/duncan-williams-asset-management/
https://www.dwassetmgmt.com/about
https://www.dwassetmgmt.com/team/duncan-williams
https://www.linkedin.com/company/duncan-williams-asset-management

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