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…

There are many benefits to owning horses – they encourage us to be physically active, get out in nature, and socialize with other enthusiasts. Any horse lover will also tell you that the bond between a horse and its owner is like no other, especially since healthy horses live, on average, between twenty-five and thirty years.   Horses can also be valuable assets, if you know what you’re doing and why you’re doing it.  If you’re new to horse ownership, there are several things to consider, including: Know your motivation. Did you have horses as a kid, or has it been a lifelong dream? Do you plan on taking care of your horse yourself? If so, know that they are a huge commitment. They need large spaces to graze in and all-day access to grass, hay and water; at…

There is no doubt that 2020 has been a challenging and transformative year. For some, every aspect of life has been upended by the pandemic; for others, the day-to-day has continued largely unchanged. No one, however, has remained completely unscathed.   The same is true in the business world. Many, unfortunately, have shuttered their doors or are on the verge of doing so, while other businesses are being created or pivoting in order to transcend the limitations placed on them. Like most crises, the pandemic has presented not only challenges but opportunities for exponential growth as we learn how to do things more efficiently, more conscientiously, and more profitably. For high net worth individuals and families, who have already pledged billions to pandemic relief efforts, it has provided an additional way to support the economy while growing their wealth.…