Women & Investing: By 2030, American women will control the majority of wealth in this country, and an unprecedented amount of assets will shift into the “hands of US women over the next three to five years” (McKinsey & Company). This is an especially striking projection considering that it has only been about 160 years since women were even granted the legal right to hold bank accounts or own property in their own names.
Financial Literacy, Independence & Parity
In recognition of Women’s History Month and International Women’s Day, we thought this would be a fitting time to explore the history of women from a financial perspective, highlight the importance of literacy and independence and offer some tips on how women can cultivate wealth and achieve their financial goals through every stage of life.
Learn more about women and investing.
Keeping It All in the Family: A shocking 60%-70% of family fortunes dissipate by the second generation, with a dismal 90% gone by the third. Beyond the obvious financial implications, other legacies—like family businesses and philanthropic, charitable priorities—are also at risk.
Fostering Intergenerational Wealth Stewardship
How can this happen and, more importantly, what can you do about it?
The main culprits are lack of planning on behalf of benefactors and lack of preparation for their heirs. Family dynamics can get awkward when it comes to discussing and distributing wealth, causing many to simply avoid these conversations. Learn more about the importance of a proactive and purpose-driven wealth stewardship strategy.
New Year, New Priorities: Financial ResolutionsFor some of us, 2020 may seem like the longest year ever and others may feel like it has flown by (or maybe a little bit of both). Normally as the year draws to a close, we reflect on the year that’s passed and start thinking about changes and resolutions. But as we know all too well, this year has been anything but normal.
As we approach what is likely one of the most welcome flips of the calendar, we’ve come up with a list of 10 straightforward tips that can help you as you plan for your financial future in 2021—and beyond.
Read "New Year, New Priorities: Financial Resolutions."
All information contained herein is informational in nature and not intended as individualized financial, legal or tax advice. Wealth management and financial planning decisions are complex and fluid and should be structured around each client’s unique situation and needs. Parties should carefully consider all related benefits, risks and costs and speak to their trusted advisors before making any significant decisions.