Family Enterprises and Wealth (Online)

Critical skills for families and their advisors

Download Brochure

Get Your Brochure

Course Dates

STARTS ON

February 16, 2023

Course Duration

DURATION

6 Weeks, Online
4–6 hours per week

Course Fee

Thrive in a Complex Family Enterprise with Time-Tested Frameworks

Family enterprises are one of the well-known forms of business and are seen as the backbone of many strong economies around the world. With the number of family-owned businesses growing across the globe (KPMG International Report), large consultancies such as McKinsey, Deloitte, and EY have their own dedicated family enterprise teams to serve the demand.

Ownership patterns, family vision, succession, and many other exclusive features of family enterprises present unique challenges and opportunities in the governance and growth of these enterprises.

This program developed by Patricia Angus, an adjunct professor of business and managing director of Global Family Enterprise Program at Columbia Business School, is designed to be inclusive and effective for anyone currently part of a complex family enterprise, that includes family business owners, shareholders, family office professionals, or those who aspire to serve such enterprises. The program will empower participants to become a valued voice in the inner circle of the family ecosystem and play a critical role in the success of complex family enterprises (CFEs).

70%

Of the global GDP is economically impacted by family businesses

Source: Tharawat Magazine

9.3%

Growth in global wealthy population was observed in 2021 thus, contributing to the growth in family offices

Source: Barron’s

78%

Of the new jobs in United States are created by family businesses

Source: Conway Center for Family Business

Key Takeaways

By participating in the program, you will be able to:

  • Distinguish aspects like family business, family office, joint investments, and charitable endeavors of a CFE
  • Analyze the impact of complex family enterprises on a global scale and evaluate your own position within it
  • Apply several frameworks, including the family systems theory and the Family Governance Pyramid™, to complex family enterprises to resolve the flaws in the existing governance system
  • Navigate real-world challenges that affect CFEs and identify the key drivers of successful stakeholder relationships
  • Understand and empathize with other key stakeholders’ perspectives to better serve the needs of key stakeholders and clients
  • Evaluate the community impact of family enterprises and reflect on the future trajectory of their businesses

Who Should Attend?

  • Family members, shareholders, and leaders of complex family enterprises who want to create a shared vision and form policies and processes that can improve the sustainability and health of their family enterprise
  • Family office professionals and advisors who want to become trusted advisors and gain familiarity with the key theories pertaining to family enterprises and who seek to serve as strong catalysts for the success of the enterprise
  • Institutional investors who want to specialize in family wealth management and understand the challenges specific to high-net-worth families, including venture capital and private equity professionals who want to formulate an effective practice within a family enterprise

Program Modules

Module 1:

Complex Family Enterprises

Evaluate the components of complex family enterprises and characterize their aspects including a family business, family office, joint investments, and charitable endeavors.

Module 2:

Family Dynamics

Learn to apply several frameworks including the Family Systems Theory and the Family Governance Pyramid™ to complex family enterprises.

Module 3:

Family Ownership

Explore ownership concepts in complex family enterprises, including different perspectives and roles within a trust.

Module 4:

Family Governance I

Understand the need for governance processes and forums. Learn market-tested frameworks that can be applied with clients or your own family.

Module 5:

Family Governance II

Gain insights into the practical applications of family governance and apply frameworks to achieve an optimal family governance system.

Module 6:

Family Social Enterprise

Evaluate the multiple ways in which a family impacts society and learn to distinguish philanthropy from investing.

Module 1:

Complex Family Enterprises

Evaluate the components of complex family enterprises and characterize their aspects including a family business, family office, joint investments, and charitable endeavors.

Module 4:

Family Governance I

Understand the need for governance processes and forums. Learn market-tested frameworks that can be applied with clients or your own family.

Module 2:

Family Dynamics

Learn to apply several frameworks including the Family Systems Theory and the Family Governance Pyramid™ to complex family enterprises.

Module 5:

Family Governance II

Gain insights into the practical applications of family governance and apply frameworks to achieve an optimal family governance system.

Module 3:

Family Ownership

Explore ownership concepts in complex family enterprises, including different perspectives and roles within a trust.

Module 6:

Family Social Enterprise

Evaluate the multiple ways in which a family impacts society and learn to distinguish philanthropy from investing.

Case Studies

Pritzker Family Enterprise: A Family Governance Case Study

Understand the challenges of building a strong family governance system from one of the wealthiest and most philanthropic families in the United States who primarily managed their assets in order to enrich the family.

The House of Redstone: Family Enterprise in Three Acts

Learn about the evolution of the complex Redstone family enterprise over several generations. Led by Sumner Redstone, who seized opportunities that exponentially grew his father’s drive-in theater business to become one of the world’s largest media conglomerates.

Program Experience

Decorative image relating to Hands-on exercises

Hands-on exercises

Decorative image relating to Dedicated program support team

Dedicated program support team

Decorative image relating to Mobile learning app

Mobile learning app

Decorative image relating to Knowledge checks and discussion forums

Knowledge checks and discussion forums

Decorative image relating to In-depth case study analysis

In-depth case study analysis

Decorative image relating to Real-world application exercises

Real-world application exercises

Decorative image relating to Peer learning and feedback

Peer learning and feedback

Decorative image relating to Family governance playbook

Family governance playbook

Hands-On Activities

  • Frameworks–Apply several frameworks including the family systems theory, family governance systems, and the Family Governance Pyramid™ to complex family enterprises
  • Peer Learning–Reflect on key course concepts, role-play activities, and explore complex human dynamics
  • Family Governance Playbook–Create a playbook on how to establish an effective family governance system
  • Interactive Hands-On Exercises–Participate in role-playing activities and decision-tree simulation, map out ownership structures, and create a genogram to visualize family structures and dynamics

Program Faculty

Image of the faculty Patricia Angus

Patricia Marie Angus

Adjunct Professor of Business, Finance and Managing Director, Global Family Enterprise Program, Columbia Business School

Patricia Angus, a recognized thought leader in multi-generational family governance and wealth launched the Family Enterprise and Wealth MBA class at Columbia Business School. She has advised families with businesses, trusts, and charitable foundations for more than 25 years and has written numerous articles on family wealth, businesses, trusts, estate planning, philanthropy, and women’s issues... More info

Certificate

Example image of certificate of participation that will be awarded upon completion of the program

Certificate

Upon completion of this program, you will receive a certificate of participation from Columbia Business School Executive Education—a powerful testament to your management capabilities.

Download Brochure

This certificate also counts towards two days for the Certificate in Business Excellence, which grants select alumni and tuition benefits. Your verified digital certificate of completion will be issued in your legal name and emailed to you at no additional cost upon completion of the program, as per the stipulated requirements. All certificate images are for illustrative purposes only and may be subject to change at the discretion of Columbia Business School Executive Education.

FAQs

  • How do I know if this program is right for me?

    After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.


    Are there any prerequisites for this program?

    Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at learner.success@emeritus.org for assistance.


    Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.


    What is the typical class profile?

    More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.


    What other dates will this program be offered in the future?

    Check back to this program web page or email us at learner.success@emeritus.org to inquire if future program dates or the timeline for future offerings have been confirmed yet.

  • How much time is required each week?

    Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.



    How will my time be spent?

    We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:



    • Engaging with recorded video lectures from faculty
    • Attending webinars and office hours, as per the specific program schedule
    • Reading or engaging with examples of core topics
    • Completing knowledge checks/quizzes and required activities
    • Engaging in moderated discussion groups with your peers
    • Completing your final project, if required

    The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please contact us at learner.success@emeritus.org if you need further clarification on program activities.



    What is it like to learn online with the learning collaborator, Emeritus?

    More than 250,000 professionals globally, across 80 countries, have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.

    A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.


    How do I interact with other program participants?

    Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.

  • What are the requirements to earn the certificate?

    Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.

    This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please contact us at learner.success@emeritus.org if you need further clarification on any specific program requirements.


    What type of certificate will I receive?

    Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
    The digital certificate will be sent approximately two weeks after the program, once grading is complete.


    Can I get the hard copy of the certificate?

    No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.


    Do I receive alumni status after completing this program?

    No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.


    How long will I have access to the learning materials?

    You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.

  • Can I still register if the registration deadline has passed?

    Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.


    What is the program fee, and what forms of payment do you accept?

    The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.

    • Flexible payment options are available (see details below as well as at the top of this program web page next to FEE).
    • Tuition assistance is available for participants who qualify. Please email learner.success@emeritus.org.

    What if I don’t have a credit card? Is there another method of payment accepted?

    Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us at learner.success@emeritus.org for details.


    I was not able to use the discount code provided. Can you help?

    Yes! Please email us at learner.success@emeritus.org with the details of the program you are interested in, and we will assist you.


    How can I obtain an invoice for payment?

    Please email learner.success@emeritus.org with your invoicing requirements and the specific program you’re interested in enroling in.


    Is there an option to make flexible payments for this program?

    Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.


    How can I obtain a W9 form?

    Please email us at learner.success@emeritus.org for assistance.

  • What is the policy on refunds and withdrawals?

    You may request a full refund within seven days of your payment or 14 days after the published start date of the program, whichever comes later. If your enrolment had previously been deferred, you will not be entitled to a refund. Partial (or pro-rated) refunds are not offered. All withdrawal and refund requests should be sent to admissions@emeritus.org.



    What is the policy on deferrals?

    After the published start date of the program, you have until the midpoint of the program to request to defer to a future cohort of the same program. A deferral request must be submitted along with a specified reason and explanation. Cohort changes may be made only once per enrolment and are subject to availability of other cohorts scheduled at our discretion. This will not be applicable for deferrals within the refund period, and the limit of one deferral per enrolment remains. All deferral requests should be sent to admissions@emeritus.org.

  • What equipment or technical requirements are there for this program?

    Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.


    Do I need to be online to access the program content?

    Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.

    Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.

Apply Now

Early registrations are encouraged. Seats fill up quickly!

Flexible payment options available. Learn more.