Multigenerational Wealth & Family Office Services
Multigenerational Wealth Planning: Protecting Your Legacy and Your Family’s Future
Wealth is more than numbers—it’s about creating a lasting impact for your loved ones. Our firm helps you navigate retirement planning and guide your children through financial challenges, providing clarity every step of the way.
What truly sets us apart
Our multigenerational advisor team. With advisors spanning every age group, we offer a fresh, relevant perspective that mirrors the diversity and dynamics of your family. We help bridge generational gaps to foster understanding, collaboration, and shared purpose.
Addressing Your Biggest Concerns
- “Will I run out of money in retirement?”
Your retirement years should be about living your best life, not worrying about finances. We’ll design a plan intended to create sustainable income while preserving your wealth for future generations.
- “What about medical expenses and long-term care?”
Rising healthcare costs and unexpected medical needs are real concerns. Our strategies include considerations for future health care costs and plans to address these expenses, so your children won’t be left with the financial burden.
- “Can my kids manage their inheritance responsibly?”
We’ll work directly with your heirs to improve financial literacy and set up tools like trusts to guide how and when they access their inheritance.
- “What if my child gets divorced?”
Divorce happens, but your family’s wealth shouldn’t be part of the fallout. Our asset protection strategies can help shield your legacy from becoming entangled in marital disputes.
Family Offices: Comprehensive Wealth Management
For families with significant wealth, our multi-family office services provide privacy, control, and tailored strategies. We specialize in managing complex needs, including:
- Investment Management: Aligning portfolios with your family’s goals and risk tolerance.
- Estate Planning: Streamlining wealth transfer to minimize taxes and maximize impact.
- Tax Planning: Crafting strategies that optimize tax efficiency.
- Philanthropy Coordination: Ensuring your charitable efforts reflect your family’s values.
- Family Engagement: Strengthening bonds through open communication and shared purpose.
- Lifestyle Management: Providing personal and household financial management.
- Trustee Support: Simplifying estate administration for peace of mind.
With these services, we help families create structures that preserve wealth while fostering alignment across generations.
Managing Finances in Multigenerational Households
Multigenerational households bring unique challenges and opportunities. Our approach helps you:
- Balance Diverse Needs: Prioritize healthcare, education, and living expenses.
- Share Costs Fairly: Develop systems for equitable allocation of household expenses.
- Plan for Emergencies: Build a safety net with 3–6 months of savings.
- Focus on Long-Term Goals: Prepare for retirement, legacy-building, and education expenses.
- Encourage Open Communication: Foster financial literacy and collaboration across generations.
- Streamline Estate Planning: Ensure clear asset distribution through updated wills, trusts, and directives.
This proactive planning ensures stability, harmony, and the preservation of wealth within your household.
A Structured Approach to Multigenerational Wealth
Creating a lasting legacy requires more than financial planning—it requires shared vision and clear communication. Key steps in our multigenerational approach include:
- Educating Younger Generations: Instilling financial responsibility through savings, investing, and spending education.
- Fostering Transparency: Building alignment through open discussions about values and goals.
- Developing an Estate Plan: Using wills and trusts to minimize disputes and avoid probate delays.
- Implementing Tax Strategies: Protecting family wealth through tax-efficient estate planning.
- Establishing Governance Structures: Holding regular family meetings and creating mission statements to guide future decisions.
The Outcome: Focused Planning for a Lasting Legacy
By taking a multigenerational approach, we help you do more than manage wealth-we help you to plan to allocate it efficiently, grow it, and use it to strengthen family relationships. With our team by your side, you can feel confident that your legacy will endure while addressing the unique needs and concerns of each generation.
Let’s start the conversation about your family’s future. Contact us today to build a plan that works for your family now—and for years to come.
Investment Planning
You work hard for what you have, our goal is to help you responsibly manage and accumulate wealth. Our comprehensive understanding of your situation combined with keen insights on the physiological impact of behavioral finance, allows us to develop a proper investment strategy. One that will help lead you to where you want to go while providing peace of mind along the way.
We live in a world of instant communication and constant information. Navigating through it all, understanding what is important to making decisions, and feeling confident can be difficult and stressful. The Planning Process identifies specific needs and educates clients on the best way to get there. Understanding the risk-reward tradeoff and tax efficient accumulation strategies reduces stress and creates confidence in a financial plan.
insurance Planning
Developing and implementing a financial plan is just the beginning. We understand that the best-laid plans cannot guarantee success. Is your family or business properly positioned in the event of a death or disability? What would happen should you need skilled nursing care during retirement?
These questions and concerns weigh heavily on people regardless of wealth. A comprehensive financial plan should address these questions. Our Planning Process is designed to educate clients and lower financial and emotional stress these challenges create, by quantifying the need and offering solutions to reduce their detrimental impact.
Estate Planning
One of the most profound effects of comprehensive financial planning is the feeling of control. Estate planning creates peace of mind by knowing that you remain in control even after you are no longer able to physically communicate your wishes and make decisions. This includes planning for how assets will be preserved, managed, and distributed after death. While also considering the financial impact when someone becomes incapacitated. Although it is natural to assume “that would never happen to me”, these challenges happen every day regardless of age, health, and financial standing.
Common concerns include making sure an appropriate guardian for dependents is chosen in accordance with your wishes. Beneficiaries for insurance and retirement plans are kept up to date. Formalizing and updating important documents such as wills, trusts, durable power of attorney, and health care proxy. Limiting estate taxes through trust planning, gifting to love ones, and qualified charitable organizations. Ensuring a smooth transition of assets in accordance with your wishes.
Business Planning
In the rush of day-to-day business activities, business owners may lose sight of what they had originally hoped to accomplish. Growth creates chaos and it’s important to keep your priorities on track so your business activities are consistent with your long-term personal goals and objectives. Drawing upon decades of experience working with business owners, our team can help you prepare for and plan for both business and personal financial success. Key areas of focus include:
Strengthening Personal Finances and Building Wealth
Many business owners become so engrossed in running their companies, they inadvertently put their personal finances on the back burner. This may occur if most of their liquid assets are tied up in the business. However, to achieve financial independence and build personal wealth, it’s important to make personal savings a priority. By working with our team to prepare regular financial reviews, and taking follow-up action as needed, you can help develop and strengthen your personal financial position outside of the business.
Protecting Your Business against Loss of Key Employees
Business success is highly dependent on the knowledge, leadership, judgment, and connections of key employees. The loss of a key person can result in serious consequences for the business. Our team can help identify strategies designed to protect your business from the departure or death of a key employee.
Retirement Plans
Many tax-deferred, qualified retirement savings vehicles such as Simplified Employee Pension Plans(SEPs) or 401(k) plans are available to business owners and their employees. The size of a company, as well as the ages and salaries of its employees, often determines which type of retirement plan is best in each situation. In addition, non-qualified plans allow business owners to provide selective benefits for themselves, as well as their key employees. We help clients understand and maximize these benefits, while also assisting with implementation and ongoing management, service, and support.
Developing an Exit Strategy
Often business owners are unaware of the consequences not having proper succession planning can create for the business and their families. What happens when you choose to leave the business due to retirement or are forced due to death or disability? Do you know the value of your business? Will your business be marketable when you decide to sell? Do you have family involved in the business? Have you identified partners, employees, or outsiders who would be interested in buying or running the business? What are the tax implications and issues that come with selling/transferring a business? Do you have a properly structured and funded Buy-Sell Agreement? Our team can help identify, quantify, and solve these questions.
