Panama City, Panama– The Aster Club, a private membership club for highly successful business families, had its meeting in Panama last August 23, 2016. A total of thirteen (13) families were either present or represented coming from five continents.

During the meeting, the families attended brief sessions about wealth management and storytelling which were the basis of discussions on how families can sustain their legacy.

One of our member family sharing their family’s lessons learned in building a legacy

Rafael Alcantara-Lansberg, a wealth management advisor provided context and tips on what families can do to avoid dwindling their wealth away. He shared his family’s experience of losing $1B in 5 years which made him identify the causes of investment failures and possible solutions to avoid the pitfalls.

Biographer and radio and TV commentator Ellis Henican discussed how families can transfer family values through storytelling. A great resource for transferring family values is storytelling. We have been telling stories since ancient times and unconsciously transferring values to our loved ones. Because it is an unconscious effort many of the salient milestones and unique narratives are not properly told to our children, our nieces and nephews…the next generation. If we can capture these stories in a format that is enjoyable to read, hear or even see and is long-lasting, the next generation will have a better chance of keeping the family’s legacy alive. It is not hard to tell a story. Sometimes, you just need someone to help you write or say that opening statement.

Ellis Henican leading the discussion on how families can transfer values to the next generation through storytelling

Family members experienced a very informative tour around Panama which was organized and hosted by Smithsonian Tropical Research Institute (STRI). People who joined the tours got to know each other and enjoyed sharing the unique experience with other families.

An eco tour of Barro Colorado Island where our families learned about the different on-going researches of STRI

The families were treated to a very informative tour hosted by the Smithsonian Tropical Research Institute (STRI). Participants of the tour were in awe of the great works that STRI is doing to learn about the tropical rainforest biome, and our environment and climate in general.

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