Who is "first generation wealth?"
You are the first household in your family to earn and save 6 or 7 figures.
Maybe you founded a successful company or run a successful non-profit. Or maybe you and your partner just worked to become highly compensated professionals. But you work long hours. And you manage a household that may still include kids.
How do you share your financial success without spoiling your kids?
You are a little embarrassed that you earn more in midlife than your parents (and siblings?) ever have or perhaps, ever will. You have saved what used to seem like an enormous amount of money, but you are still not sure if it is enough.
How do you know how much is “enough?”
Our typical "first generation" client households include dual income parents who work, save and have just the right amount of fun. They trend a little older - Gen-Xers (born 1965 - 1980) and Boomers (born 1946 - 1964) - but we're starting to see more Millennials (born 1981 to 1996) who don't want to wait until it's too late. They earn impressive incomes and have accumulated a good bit of savings. As bona fide experts themselves, they expect fiduciary expertise from people they hire.
How do you know who to trust?
First generation wealthy realize that they:
- Need to “do something” with the cash in their checking/savings
- Need an investment strategy for “up” and “down” markets
- Need a plan to mitigate market, credit, inflation, and political risks
- Need to start tax planning instead of just tax paying
- Need to be sure they are choosing the right work benefits
- Need to reduce financial miscommunications between partners
- Need to separate business finances from personal finances
- Need to plan for money while alive and for what happens after death
You don’t want a typical “big box” financial advisor. You want to reduce the confusion, anxiety, stress and arguments associated with your financial life.
You want to travel more and argue less. You want your home to be a place of rest, fun and great memories. You want to spend more time with old friends, family and even your in-laws! You want philanthropy to be part of your family traditions. You want an independent team of professionals who can help make work optional.
We can help.
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