Institute Spotlight: Stacy Allred
As part of The UHNW Institute’s mission to provide educational content and opportunities for members to engage with industry experts, the Institute will periodically present a member of its faculty. This series will feature the domain heads for each Domain of Family Wealth. This week, we’re highlighting Stacy Allred, the head of the Learning, Development & The Rising Generation Domain. Stacy’s highlight will be the conclusion of this series.
Managing Director, Head of Family Engagement & Governance at J.P. Morgan Wealth Management
Learning, Development & The Rising Generation Domain Chair, The UHNW Institute
“There is an added complexity that comes with an ultra-high level of economic wealth, resulting in a lot of rigor and vast skills needed to effectively integrate wealth in a manner that elevates growth and development so that individuals, families and communities can thrive.”
As chair of the Learning, Development & The Rising Generation Domain, Stacy subscribes to the concept of defining the rising generation broadly, focusing on the continued growth and development across the arch of life rather than physical age groups.
According to Stacy, with the speed of change in our current economy, the relevance of learning and development is greatly amplified today. It includes not just learning, but as Adam Grant says in his book, Think Again: The Power of Knowing What You Don’t Know, a big part of adulthood learning is also unlearning. As a result, trends within this domain are beginning to emerge, including:
- The increased adoption and role of chief learning officers within family offices, both as in-house and outsourced positions.
- The growing need and desire for micro-learning, peer learning, and holistic learning approaches
- The trend of peer-group learning
- The focus on a more holistic learning approach, not only on what you know externally, but also internal competency building of who you are.
- An increased focused on later-life learning as summarized in The 60-Year Curriculum: New Models for Lifelong Learning by Christopher Dede and John Richards.
Overall, there is an added complexity that comes hand-in-hand with an ultra-high level of economic wealth. As a result, a vast number of rigorous skills are required to effectively integrate wealth in a manner that elevates growth and development so that individuals, families and communities can thrive. This is what Stacy is focused on to help foster the continued growth of this domain.
To learn more about the Learning, Development & The Rising Generation Domain, please refer to our guide to the 10 Domains of Family Wealth. As always, if you are interested in joining The UHNW Institute, please do not hesitate to contact us.