Wealth stewardship to serve generations

Many of our clients have a goal of giving a financial legacy to their children. More than a windfall, they wish to invest in the future of their generations, providing the means but also the financial habits that will give the gift lasting momentum.

With the right planning and communication, this is achievable for many of our clients. We can guide you through the often-complex mechanics of creating multigenerational wealth, and also help you nurture the financial skills and communication in your family necessary to make the most of the opportunity.

Among the topics we can guide you are:

Family meetings

The pitfalls of sudden wealth are well reported, so every multigenerational wealth plan needs to encourage and enable open, regular communication – the maintenance of multigenerational wealth is a team exercise. We can help you create this tradition of candid financial discussion with your family.

Estate planning

Estate planning is a wide topic covering a multitude of issues: assets, inheritance, healthcare, risk management, charitable giving and even digital recordkeeping.

Trusts

Trusts are highly customizable financial instruments that can help you manage the tax implications of wealth transfer and support your and your loved ones’ goals. We also understand that every family has its complications, so we can help you use trusts to support each family members’ needs without enabling bad habits.

Tax management

With a deep understanding of the tax implications of long-held growth assets, we can help you structure your plan with an eye toward tax efficiency. This may include using gifting strategies, education savings accounts and more sophisticated methods for managing your tax liability and those of your beneficiaries. 

Philanthropy

Every great family has its great causes. We can help you efficiently provide to causes you cherish while using the tradition as an exercise to teach your loved ones your family’s values and how they intersect with your wealth.

While we are familiar with the tax provisions of the issues presented herein, as financial advisors of Raymond James, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.

Investments and strategies mentioned may not be suitable for all investors.