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Wealth Empowerment Program

Our Wealth Empowerment Program was created specifically to help the next generation make informed financial choices, today and tomorrow.

Wealth Empowerment Program

How do I transfer wealth to the next generation?

 

Often, one of the biggest concerns for many of the families we work with when they engage in legacy planning has to do with preparing the next generation for the complexities of wealth. Our Wealth Empowerment Program was created specifically to help the next generation make informed financial choices, today and tomorrow.

 

While increased levels of wealth often result in increased financial security and broader financial impact, there are a myriad of complexities that can arise along the way. These complexities can present themselves in the form of increased demands on time spent making critical financial decisions that can have broad financial and non-financial impact on the lives of loved ones. Many times, the preparation needed to be effective and purposeful in decision making is not adequately represented in the family succession planning process.

 

Beyond navigating effectively through the intricacies of wealth, a measure of readiness can be evidenced by how well the financial decisions support other important non-financial goals like passing down family values and maximizing the potential of the next generation. Therefore, we believe that true financial success comes not from just building wealth but from learning how to use it with intent and purpose.

 

Wealth Empowerment Program

Our Wealth Empowerment Program aims to improve the preparedness of loved ones to manage the complexities that come with wealth by providing them with customizable educational tracks based on their current life stage and specific interests.

 

The program provides knowledge, insights and tools on a range of important family wealth management topics — such as buying a home, investing for their future, starting a business or contributing to a favorite charity.

 

Empower the next generation to successfully manage the complexities of wealth by giving them a sound foundation on which to build and manage their financial future. Let our team design a customized Wealth Empowerment Program to meet your specific needs.

 

Wealth Empowerment Program Tracks

 

Track 1: Students (15-22) Track 2: Young Professionals (22-30) Track 3: Professionals (30-40)

Readiness Focus:

  • Values – Assimilation
  • Financial Basics

Readiness Focus:

  • Values – Emphasis
  • Financial Accumulation

Readiness Focus:

  • Values – Transfer
  • Financial Distribution

Primers:

  • Goal Setting / Planning – 101
  • Introduction to Banking
  • Savings & Budgeting Basics
  • Introduction to Interest & Debt
  • Philanthropy – Volunteerism

Primers:

  • Goal Setting / Planning – 201
  • Impact Investing – 101
  • Saving for College
  • Saving for Retirement
  • Using Credit Wisely
  • Purchasing a Home
  • Entrepreneurship
  • Philanthropy – Strategy

Primers:

  • Goal Setting / Planning – 301
  • Impact Investing – 201
  • Planning for Retirement
  • Deleveraging
  • Estate Planning
  • Business Succession Planning
  • Philanthropy – Legacy Planning

Experiential Applications:

  • Private Bank Conferences
  • Externships / Internships
  • Young Men’s Service League
  • National Charity League
  • Non-Family Mentor

Experiential Applications:

  • Private Bank Conferences
  • Next Gen Prep Conferences
  • Non-Family Mentor

Experiential Applications:

  • Private Bank Conferences

 

If you’d like to learn more about our family wealth planning services, contact one of our Trust and Asset Management Officers today.

 

Contact Us

 

The following articles provide valuable advice on transferring wealth to the next generation:

 


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