Solutions

Helping families flourish across generations

Developing your next generation

Specifically designed for wealthy families and tailored to each family’s needs, Deloitte’s Next Generation Development Programme helps prepare the future owners of wealth to be responsible shareholders, owners and stewards.

Preparing for success

For many wealthy families, an important aspect of wealth creation, entrepreneurship and family business succession is the ability to help their children realise their potential and make life choices.

What’s more is that the long-term success of a family’s holdings – whether these comprise a family company, a family office or a shared portfolio – depends on responsible stewardship.

However, many successors do not have the skills and support they need to be able to realise their full potential and take on the mantle as informed and responsible owners or beneficiaries.

Deloitte’s Next Generation Development Programme is specifically designed to address these challenges and ultimately help prepare the future owners of wealth to be responsible shareholders, owners and stewards.

Creating your Next Generation Development Programme

Taking a simple modular approach, we work with families to create a programme that meets the needs of their children or next generation group. The exact nature of the programme will depend on several factors, including the family’s aspirations, the age of the next generation, their capabilities and involvement with the family’s holdings to date.

Each module is delivered by a Deloitte subject matter expert and often include:

  • An introduction to companies and the fundamentals of share ownership
  • Reading financial statements
  • Personal and corporate tax
  • Managing family dynamics

Coaching

In addition, we provide the next generation access to our world-class team of coaches. The team comprises business professionals from a range of backgrounds who regularly work with clients, including C-suite executives and family business successors. Our coaches help individuals identify priorities that are important for them in realising their potential. These might include developing leadership skills, building confidence, increasing resilience and making life/career choices.

We find that once equipped with the skills and knowledge from the modules, as well as the confidence gained from coaching, these activities significantly enhance the next generation’s understanding and engagement.

Key contact

Paula Higgleton

Paula Higgleton

Partner

Paula is Vice Chairman and Head of Family Office Services at Deloitte having specialised in advising families for over 25 years. Her clients consist of families based both in the UK and overseas, many... More