Today’s young adult family clients – specifically those who identify as Millennials or Gen Y – are bringing a distinct set of preferences and sensibilities to their relationships with their most trusted advisors.
One of the things we’ve learned is that a family contract can be a valuable tool to help families build trust and avoid conflicts. We’ve also found that for a contract to work well, everyone who signs the contract should have a say in how the contract is written.
Many families of wealth struggle with a fundamental question: Can our wealth be sustained across generations and have a positive impact on those who use it? This article has identified a series of best practices for the successful transfer of multi-generational wealth and believes that f
One of the most frequent “keep you awake at night” questions for wealth owners is how to raise responsible, motivated and independent next generation children? In this provocative webinar, Coventry Edwards-Pitt shares highlights from her recently released book “Raised Healthy, Wealthy and Wise”.
The vast majority of the wealthy actually come from middle-class or working-class backgrounds. When they find themselves in the wonderful but unfamiliar world of wealth like immigrants to a new land, the adjustment can be harder than expected.
Claire Costello – US Trust Bank of AmericaJim Coutre – The Philanthropic Initiative
Wednesday, January 22, 2014
In 2013, U.S. Trust partnered with The Philanthropic Initiative to conduct research on philanthropy discussions between professional advisors and their high net worth clients. The findings show significant disconnects between advisor approach and client expectations.
While every family is critically concerned about the well-being of their financial assets; the well being of their human capital—the future of their children and the health of the family--is uppermost in mind.