Why does my family's wealth keep slipping even though our investments are fine?

Wealth doesn't usually disappear from bad investment criteria. It disappears because the family never learned to talk to one another about money. Decades of research show the pattern. Kids inherit, the family fragments, the wealth gets fought over, divided, mismanaged, or simply spent down with no shared purpose to hold it together. Kris Kluver, in The Dysfunctional Family Office, frames this directly. The financial side rarely fails. The relational side fails first, and the financial side follows. If your investments are solid but your wealth is still slipping, look at how often your family actually talks about what the money is for. Most families discover the answer is almost never. The portfolio is rarely the problem.