Purposeful Next-Gen Collaboration

/Purposeful Next-Gen Collaboration

Building the Skills and Preserving the Spark: The Young Americans Center for Financial Education

Research shows that a large percentage of people of all ages, incomes, and education lack the basic financial knowledge and skills to ensure long-term stability for themselves and their families.  It is never too early to teach children about money. Young Americans Center for Financial Education uses hands-on programs and real-life experiences build life skills, work skills, and financial self-sufficiency in nearly 60,000 youth every year.  It is also the home to Young Americans Bank and an incredible array of award-winning nonprofit programs, all designed to teach young people 21 and under about finances, economics, and business.  You’ll learn about the impact they are having and how you and your clients can benefit from their programs.

By | June 20th, 2017|Purposeful Next-Gen Collaboration|

The Stories We Tell Ourselves: Overcoming Obstacles Related to Inheritance

Scott Gornto, MDIV, LMFT, CST, author of The Stories We Tell Ourselves™, joins us for a conversation on overcoming the stigmas and common challenges inheritors face.  We discuss how advisors can help inheritors overcome negative fear-based narratives that hold them back from being successful, explore ways in which we can shift the story of success that they have in their head (based on the family narrative) to a narrative that they own, and by doing so create a new story of success and achievement that has a realistic plan for success.

By | June 13th, 2017|Purposeful Next-Gen Collaboration|

How Current Generations (All of Them!) Impact Family Wealth, Business, and Philanthropy

Many conversations about generations focus on communication, estate planning & legacy, or issues in the workplace. Although these certainly are important, few people talk about why generational perspectives are so impactful, why we should pay attention to them, and how we can use them as tools to facilitate family wealth thriving, corporate success, and business growth for advisors. Our purpose is to initiate vital conversation around these aspects and to make a clearer connection between generational biases and family wealth management; family business or corporate efficiency, productivity, and ultimate success; and the service quality advisors provide their clients, which directly affects business growth.

By | January 24th, 2017|Purposeful Next-Gen Collaboration|

Wide-eyed, Unprepared, and Overwhelmed: A Perspective on the Mind of a Young Inheritor

Date: October 18, 2016 Guest Speaker: Kristen Heaney, MSW, BCC, Legacy Life Coaching, LLC As advisors, we aim to help client families plan for the unexpected, protecting their wealth from outcomes such as early death, bad marriages, addiction and more. It’s impossible to know, however, just how these plans will play out in real life when the worst case scenario unfolds. The legal and financial plans of Kristen Heaney’s family were put to the test when her father, a 49-year-old successful business owner was diagnosed with terminal cancer.  Still in college at the time of her father’s death just 6 weeks post-diagnosis, Kristen Heaney was completely unprepared to handle the substantial wealth her divorced father would pass on to her. Their lifestyle had been modest, and all signs of the magnitude of the wealth were well below the radar. In the midst of just graduating from college, and enrolling in graduate school to become a social worker at age 21, she found herself catapulted into a strange, complex and unfamiliar world filled with family business succession, investments, legal structures, lifestyle choices, relational challenges, and a number of internal adjustments. This session offers a snapshot into the mind of the rising generation as we hear about how she navigated that steep learning curve, and the lessons she learned about herself, the advisory world, and the land of wealth. She highlights the impact of values she grew up with, why and how she came to choose advisors (hint, she fired her father’s advisors), and how she is now raising her own children in ways that she hopes are wealth savvy.

Family Champions: An essential component to overcoming the “shirtsleeves” proverb

Date: September 27, 2016 Guest Speakers: Jamie Traeger-Muney, Ph.D., Founding Principal of Wealth Legacy Group and Kristin Keffeler, MSM, Principal, Illumination360, Dean of Family Sustainability & Empowerment A Family Champion is the family member with the vision to recognize the need to openly dialogue about the wealth, with the ability to motivate family members to do so, and with the skills to help sustain the family relationships during the process. While outside advisors are important to supporting families to overcome this three-generation dictum, we believe that the Family Champion is essential to a family’s long-term success. In this session we discuss how to recognize, cultivate and support the Family Champion in each of your client families.