About The Family Wealth Collective
The Family Wealth Collective is a collaborative of seasoned professionals dedicated to providing services and support to middle market business owning families. We understand the challenges you face and have developed tools and processes to clarify your goals and simplify your life. We understand that your business and your personal life are not separate entities. Our holistic approach joins cutting edge technology, multi-disciplinary common sense, and expert technical skills to assist you with integrating business and familial relationships to achieve both financial success and personal fulfillment in your realization of the American Dream. Our primary office is in Chicago, IL and you can reach us at (312) 540-9840.
About Our Philosophy
MONEY IS ABUNDANT
Money is abundant. Money is available to anyone who is willing to embrace and nurture it. Forget any thought of scarcity. There is enough for every purpose and to fulfill every dream.
MONEY IS ENERGY
Money is energy just like so much of the other elements in our environment. It is just another material manifestation of exchange.
MONEY IS FLOW
Money ebbs and flows. It must move or it is not serving its purpose. Therefore, it rarely stays with people who think there is only so much to go around or who concentrate on bringing money to themselves without giving value in return. If you are in business, money comes in as revenue and goes out for expenses, that is, in exchange for things of value that help you provide value and to support your lifestyle and that of your employees.
MONEY IS NEUTRAL
Money is neutral. Like so much of the things that surround us, it is what we make it. It can be a tool, a weapon, a cage, or the door to freedom. It can be good or bad because it reflects the mindset and intentions of those who use it. So, whether you think money and the people who have it are good or bad, you are correct.
MONEY NEEDS ATTENTION
I believe money needs to be romanced and attended to. It can be a little fickle and will nest where it is appreciated, nurtured, and respected. This is true whether you are growing a business you own or providing valuable services as an employee or accumulating personal wealth or acting as a steward for a family fortune. In other words, money goes where it can grow and where the growth is watched and appreciated. Deepak Chopra says, “If you want more money, help other people get more material abundance.”
About Teresa
Teresa Cherry has provided personal income and estate tax sensitive financial consulting for over 20 years. She has a keen awareness of the challenges faced by business owners in today’s globally competitive marketplace and has formed The Family Wealth Collective to serve the unique needs of the middle market business owner family.
She has a B.B.A. in accounting and finance from Loyola University Chicago and has done advanced work at DePaul and Michigan State. Additional designations include Certified Public Accountant (CPA), Certified Financial Planner (CFP), and Fellow of the Esperti Peterson Institute for Wealth Strategies Planning at Michigan State University. The first CFP to become a Certified Mergers & Acquisition Advisor (CM&AA), she brings a unique ability to recognize opportunities for integrating business and personal solutions to enhance the overall benefits. Ms. Cherry’s background includes employment at an international public accounting firm, an investment banking house, and a national trust company, before starting her own firm.
She is a contributing author of Giving, Philanthropy for Everyone and Ways & Means: Maximize the Value of Your Retirement Savings, as well as numerous articles, and speaks frequently to business owners and advisors on a variety of topics.
Ms. Cherry has served as an officer and board member of professional organizations, including the Illinois Society of Certified Public Accountants, Alliance of Mergers & Acquisitions Advisors, and Financial Planning Association. She is also active in many community and charitable organizations.
