“59% of investors believe their children and grandchildren should meet their financial advisor by the age of 25.”
Spectrem Group, a Chicago-based research firm specializing in wealthy investor psychology and behavior, “$25 Million Plus Investor Report,” April 2021
Does that quote surprise you?
The truth is that as many of America’s well-off baby boomers age, their thoughts turn to how to educate the “next gen” of adult kids and grandkids about money.
They are talking to their financial advisors and attorneys about how best to transfer wealth and their own very personal values to younger generations. What keeps them up at night is whether those younger generations have the judgment and knowledge to handle their own finances and the often considerable amounts of money they will eventually inherit.
How can we help, as your family’s trusted wealth advisor?
We are always available to talk or meet with our clients’ up-and-coming “younger generations,” either to help them as they tackle that first 401(k), home purchase, or investment account, or to loop them into discussions about your own estate plans so they can understand what you have arranged for the future and why.
We can help bridge the gap between generations and build a personal connection that can put all members of the family at ease, building confidence about what the future may hold. Just reach out to us to make arrangements to meet next time your family members are available or in town.