The Challenge of Alcoholism and Substance Abuse in Families Of
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The Family Office Association Audio Series: Volume 17 with Arden O’Connor The Challenge of Alcoholism and Substance Abuse in Families of Wealth FOA Audio Series Volume 17 with Arden O’Connor The Challenge of Alcoholism and Substance Abuse in Families of Wealth Copyright © Family Office Association and Angelo Robles. All rights reserved. This white paper or parts thereof may not be reproduced in any form or redistributed for commercial use. For more information about this publication, please contact [email protected]. Disclaimer: The Family Office Association (FOA) is an affinity group dedicated primarily to the interests of Single Family Offices. FOA is intended to provide members with educational information and a forum in which to exchange information of mutual interest. FOA does not participate in the offer, sale or distribution of any securities nor does it provide investment advice. Further, FOA does not provide tax, legal or financial advice. 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All of the intellectual property rights of FOA or its contributors remain the property of FOA or such contributor, as the case may be, such rights may be protected by United States and international laws and none of such rights are transferred to you as a result of such material appearing on the FOA web site. The information presented by FOA has been obtained by FOA from sources it believes are reliable. However, FOA does not guarantee the accuracy or completeness of any such information. All of such information has been prepared and provided solely for general informational purposes and is not intended as user specific advice. 500 West Putnam Ave, Suite 400 Greenwich, CT 06830 www.familyofficeassociation.com @familyoffice 2 FOA Audio Podcast Series with Arden O’Connor | © 2016 Family Office Association and Angelo J. Robles FOA Audio Series Volume 17 The Challenge of Alcoholism and Substance Abuse in Families of Wealth Arden O’Connor Arden O’Connor founded the O’Connor Professional Group to address the needs of families and individuals struggling with an array of behavioral health issues, including addiction, mental health disorders, eating disorders, learning, and other developmental challenges. With several relatives in recovery, Arden is passionate about helping families and individuals navigate the highly fragmented treatment system in a way that creates positive outcomes and allows families to heal. Arden is a graduate of Harvard College and Harvard Contact Arden Business School. She remains heavily involved in community [email protected]. activities, as a board member of Winsor School Corporation, (617) 910.3940 ext 300 Massachusetts Association of Mental Health, and Justice (617) 290 9818 mobile Resource Institute (chair). Previously, she served as a board member for the Harvard Club of Boston, Victory Programs, and Harvard Business School Alumni Association of Boston. She maintains professional affiliations with the following organizations: Attorneys for Family Held Enterprises, Boston Estate Planning Council, Purposeful Planning Institute, Family Office Exchange, Collaboration for Family Flourishing, Family Office Association, USA 500, and Family Firm Institute. 3 FOA Audio Podcast Series with Arden O’Connor | © 2016 Family Office Association and Angelo J. Robles FOA Audio Series Volume 17 The Challenge of Alcoholism and Substance Abuse in Families of Wealth Angelo J. Robles Angelo J. Robles is Founder and CEO of the Greenwich, Connecticut- based Family Office Association (FOA), a global membership organization that delivers private educational and networking opportunities, proprietary research, and access to salient thought leadership to multiple generations of wealthy families and the professionals who run their single-family offices. A member of the Princeton Council on Family Offices and the NYU Stern Family Office Council, Mr. Robles has a long record of leadership positions at top financial-service companies, including UBS. Before Contact Angelo launching FOA, he founded and ran several successful entrepreneurial [email protected] ventures: He served as President of the New England chapter of the (203) 570.2898 Hedge Fund Association, and pioneered online retirement planning for Fortune 1000 executives with two Internet startups - 401KRollover.com and IRARollovers.com. Author of several books and articles, Mr. Robles has appeared on Bloomberg Television and Radio, and has been quoted in the Wall Street Journal, Thompson Reuters, Institutional Investor, Opalesque, Registered Rep, HFM Week, Investment News, EurekaHedge, The Luxury Institute, Private Asset Management, The Greenwich Times and many other media outlets. 4 FOA Audio Podcast Series with Arden O’Connor | © 2016 Family Office Association and Angelo J. Robles About Family Office Association Family Office Association is a global community of ultra-high net worth families and their single family offices. We are committed to creating value for each family that we serve; value that grows wealth, strengthens legacy, and unites multiple generations by speaking to shared interests and passions. FOA has the resources to solve your most difficult challenges and help you achieve your collective goals: to invest intelligently, give strategically, and learn exponentially. FOA is the community leader in serving all the key imperatives for ultra-high net worth families, respecting your privacy but enabling an intimate community of global families like yours. Our organization delivers private education and networking opportunities, proprietary research, and access to salient thought leadership that will interest all generations of your family. Contact Family Office Association 500 West Putnam Ave, Suite 400 Greenwich, CT 06830 Email: [email protected] Website: www.familyofficeassociation.com Twitter: @familyoffice Phone: (203) 570.2898 5 FOA Audio Podcast Series with Arden O’Connor | © 2016 Family Office Association and Angelo J. Robles FOA Audio Series Volume 17 The Challenge of Alcoholism and Substance Abuse in Families of Wealth Angelo Robles: Hello everyone. It’s Angelo about 7 years in recover and the other brother Robles of Family Office Association. In our is about 2 years at this point. So we grew up in audio podcast today we’re very fortunate to the Boston area. We had a brief period of time have Arden O’Connor, founder and CEO of when we moved out to Arizona, and then my O’Connor Professional Group. Arden, how are parents moved back to the Boston area. But I you? have grown up around wealth. I’ve grown up in the private school system, and I’ve grow up Arden O’Connor: I’m well, thank you. How with not only my immediate family members, are you? but some of my extended family members, as well as colleagues and friends who have Angelo: Wonderful. I’ve had a chance to know struggled with behavioral health issues; so Arden over the last several years. We’ve done substance abuse, mental health, and eating some programs together and did a webcast disorder experiences. about a year ago, certainly one of the true thought leaders in the space that we’ll be Angelo: Yes. And certainly we’ll have a discussing today, and a subject matter that chance in today’s audio podcast to effectively for some is very sensitive. That I believe for touch, at least somewhat, on all of that. I’ll every family, and may be amplified more of the start with a specific question, perhaps a little issues of the issues with families of wealth, bit ignorant from my perspective, but based are going to be the issues of substance abuse on your response, to tell us a little bit about and mental health issues. Arden, why don’t we you and what you’re doing. You mentioned start with a little bit of background? Tell us a Irish Catholic, and some people will assume little bit about yourself please. some other ethnicities as well that may be a little bit more susceptible to certain challenges, Arden: Sure. I come from a family of five, specifically in substance abuse. I would think two brothers and myself, I’m the oldest of from the outside looking in, and maybe it’s three, and my parents were from the Boston me being a little naïve, but I thought that was area. We grew up right outside of the city in simply a myth. Is there a specific biological Chestnut Hill, Massachusetts. I come from a issue that is real? family, I’m Irish Catholic by decent, so there is a fair amount of alcoholism and substance Arden: There are certainly ethnicities that are abuse throughout my family. My father is 30- more prone to prevalence in the substance some years in recovery and one brother is abuse arena. I would also say, particularly 6 FOA Audio Podcast Series with Arden O’Connor | © 2016 Family Office Association and Angelo J. Robles FOA Audio Series Volume 17 The Challenge of Alcoholism and Substance Abuse in Families of Wealth related to alcoholism, that the genetic mine, which is excellent. The reality is that predisposition is a huge issue, so sons of an alcoholic may or may not be someone alcoholic fathers are at four times greater who has the profile that you’re describing. It risk than males with non-alcoholic fathers to can certainly be someone who is homeless, become alcoholics.