The challenge of any wealth advisor is to build a healthy portfolio tailored to each client’s unique needs and goals. Many focus their efforts on the need for financial assets such as equities for their low risk and easily liquidity.  It’s no surprise then that many people, even those of high net worth, are often unaware of the true value of their physical assets and what’s needed to maintain them. As a result, they may be missing out on opportunities, literally right under their noses, to preserve and grow their wealth. Of course, every investor needs a balance of financial and physical assets. Some physical assets – real estate, for example – are not always helpful if you need to raise cash quickly. You may find yourself trying to sell a home in a buyer’s market and have to…

There is no denying that we are moving toward more personal accountability and empowerment with regard to wealth management. While one can point to these uncertain times as a reason for the shift, the truth is that the current situation is merely shining a light on a centuries-old problem, that being the relatively short life of even the largest family fortunes.  As the ancient Chinese saying goes, Fu bu guo san dai – literally, “Wealth does not pass three generations.”  The solution for this may very well lie in the utilization of digital tools that facilitate not only the management of wealth, but the education of our children about how to maintain it.    No matter who created your family’s wealth, it was likely done, not only through a lot of hard work but by taking complete responsibility for…