Dictatorship to Democracy in Family Offices | TIGER 21 Founder in Professional Wealth Management 

In a recent Professional Wealth Management article, TIGER 21 Founder and Chairman Michael Sonnenfeldt explores a critical transition facing first-generation wealth creators: the shift from sole proprietorship to collaborative governance. 

According to Sonnenfeldt, the skills that build wealth—conviction, concentration, speed—rarely preserve it across generations. As family offices navigate the complexities of succession, the most resilient structures will be those designed for democratic governance rather than dictatorial control. The question isn’t whether heirs can manage the fortune, but whether founders can prepare them to govern it with judgment and shared purpose.

Read the full article.