In my 20 years of working as a wealth advisor for hundreds of high net worth families, I have found facilitating family meetings to be one of the most meaningful and impactful things I do. An effective family meeting opens up the lines of communication regarding a family’s shared values around money and wealth and can become an unforgettable family bonding experience paying dividends for many years into the future. Taboo Topics Handled With Care We live in a society where conversations ... [Continue Reading]
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According to the World Health Organization, the number of adults living with dementia—a condition that negatively impacts a person’s memory and cognitive function—stands at 50 million. This number is expected to rapidly grow to 82 million by 2030. Alzheimer’s disease is the most common form of dementia, accounting for 60 to 70 percent of all cases. 1 With dementia on the rise, it's increasingly important to consider dementia-friendly wealth management strategies. Stages of ... [Continue Reading]
Like many parents, I want to help my children achieve success as much as possible. That success comes in many different forms – physically, mentally, emotionally, spiritually, and financially. I want to be able to give my kids enough to help them, but not so much so that it’s detrimental. Many times it is a balancing act knowing how much to assist – while providing them with the right amount of independence. When it comes to finances, there are many teachable moments throughout a child’s life ... [Continue Reading]