Family wealth strategists come from a variety of backgrounds, but typically have a strong foundation in finance, law, or both. They may have a background in accounting, financial planning, investment management, tax law, or estate planning.

Some common credentials and designations held by family wealth strategists include Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), and Juris Doctor (JD). Additionally, some family wealth strategists may have a Master of Business Administration (MBA) or a Master of Laws (LLM) degree.

In terms of experience, family wealth strategists typically have several years of experience working in the financial industry or in a related field, such as law or accounting. They may have worked in a variety of roles, such as financial advisor, investment manager, tax accountant, or estate planning attorney, before transitioning into their role as a family wealth strategist.

To be effective in their role, family wealth strategists must have strong communication and interpersonal skills, as well as a deep understanding of the unique needs and goals of high-net-worth families. They must also stay up to date on the latest developments in financial planning, tax law, estate planning, and investment management, and be able to translate that knowledge into actionable advice for their clients.

Overall, the education, experience, and credentials of a family wealth strategist will vary based on their individual background and the requirements of their role. However, in general, a strong foundation in finance, law, or accounting, as well as experience working with high-net-worth families, are key components of a successful career in this field.

Finding the best family wealth strategist for your needs requires some research and due diligence. Here are some steps you can take to help identify and evaluate potential candidates:

1. Determine your needs: Before you start looking for a family wealth strategist, it's important to define your financial goals and needs. Are you looking for help with investment management, estate planning, tax optimization, risk management, philanthropy, or intergenerational wealth transfer? Knowing what you're looking for will help you narrow your search and find a strategist with the right expertise.
2. Check credentials: Look for a family wealth strategist who has the appropriate credentials and experience in the areas that are most important to you. Check their professional background and experience, as well as any certifications or designations they hold.
3. Conduct interviews: Once you have a shortlist of potential candidates, schedule interviews with each of them to discuss your financial goals and needs. This is a chance to get a sense of their approach, communication style, and how well they understand your unique situation.
4. Evaluate fees: Be sure to understand how the family wealth strategist is compensated and how much their services will cost. Some strategists charge a fee based on assets under management, while others may charge hourly or project-based fees. Make sure you're comfortable with the fee structure and that it aligns with your budget and financial goals.
   
   

Meet Joy Francis, Family Wealth Strategist
With over 3 decades of experience in business development and financial analysis; an MBA in Finance (1979); a BA in Accounting (1976); CFP, certified financial planner (1983); RIA, registered investment advisor (1984); PFP, advanced certified profit first professional (2023); I have: assisted family businesses:

• develop costing systems that allow their manufacturing operation to post $2 million in profits after multiple years of losses,
• create a development process that identified $3.2 million shortage in a construction along with the system to turn the project to breakeven,
• took over as CFO, chief financial officer of a Real Estate Conglomerate right after the U.S. hit its highest prime rate, and their mortgage company had a $3 million Chapter 7 bankruptcy filed against them. Successfully reorganized them using their own cash,
• and the list goes on…
  
  

With many female business owners unexpectedly taking over their family's enterprises, I noticed an increasing need for support. Drawing from decades of expertise and understanding how families run businesses drove me to create something that would not only aid them in succeeding but allow them to own every step along the way.
it's why I have created Joyous Cash and developed resources that specifically support these valiant female entrepreneurs on their journey towards success.