Business Minds Assemble

How to Build & Protect Family Legacy: The 10 Pillars of Generational Wealth: | Nicholas Charles


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In this episode, we sit down with Nicholas Charles, author of The 10 Pillars of Generational Wealth, to uncover why 90% of wealthy families lose their fortune within three generations—and, more importantly, how to prevent it.

Nicholas shares his personal story of family wealth lost and rebuilt, revealing the biggest mistakes families make when passing down assets.

He explains why financial capital alone isn’t enough and how successful families use education, communication, and governance to preserve wealth for future generations.

We explore:

🔹 Why most generational wealth disappears—and how to avoid it

🔹 The 4 inner pillars that form the foundation of lasting wealth

🔹 The 6 outer pillars that help families manage assets, advisers, and governance

🔹 The critical role of family communication and shared vision

🔹 How philanthropy strengthens family bonds and legacy

Whether you're building wealth from scratch or planning for your family’s financial future, this conversation offers invaluable insights to protect your legacy.

📖 Get Nicholas Charles’ book

The 10 Pillars of Generational Wealth

🔗 Learn more about Dante and family wealth solutions

💬 What do you think is the biggest challenge in passing down wealth?

Share your thoughts in the comments!

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Business Minds AssembleBy Andrew Kirkley