Easy on the Eyes: The Trend Toward Using Visuals for Wealth Management

There is no question that our society is becoming increasingly visual. When we click on a link to a story, we are just as likely to find a video as a written article, and emojis have become an efficient and surprisingly acceptable replacement for words, even in some business circles. The rise of Instagram indicates a preference to look at a pic and a short caption rather than a lengthy post. In our busy world, where we spend so much time staring at screens, visuals alleviate some of the mental fatigue and provide a quick way to download information.   The use of visuals has also become the latest trend in estate planning.  According to a recent New York Times article, financial planners are now using diagrams and flowcharts to create a detailed picture of one’s assets, and their…

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EstateSpace is providing clarity for principals & estate managers with complete visibility.

There are several financial and personal benefits to owning multiple properties, not the least of which is feeling like you are at home when travelling to your favorite spots. Another great pleasure is being able create that feeling of home for visiting friends and relatives. Whether you are in town or not, you always make it a point to have your house stocked with their favorite foods, choose the bedrooms in which they will be most comfortable and make your household staff aware of any other particular needs they may have.  In the days leading up to their arrival, you often find yourself making several phone calls to your estate managers to ensure that every detail is accounted for. Given your busy schedule, and theirs, this can become inconvenient, particularly if the home is in a different time zone.…

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Embracing the need for digital transformation of asset management for families & individuals.

As we rang in 2020, few could have predicted the upheaval and chaos that would soon erupt throughout the world. Many of us are feeling the effects of prolonged fear over our own health and that of those close to us. Not to mention the stress of economic uncertainty. There are some, however, who believe that within this crisis are unprecedented opportunities to uplevel the way we live, interact with each other, and do business. In order to do so, we must build what our partners at Red Five refer to as “community resiliency,” which they contend is based on five core pillars.                       Mindset: as mentioned above, there are many innovators with the forward-thinking perspective needed to create the “new normal” we would like to see in the world. Skills: The speed and innovation with which people and…

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