During the late 80s, I worked on Wall Street for Drexel Burnham Lambert. I remember the investor intermediaries were then called “Stock Brokers” or “Brokers.” The Broker’s value proposition was access to information and the execution of trades. I remember the Brokers walking over to a wall that had a see-through tubing system that ran
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The top two questions that keep wealth creators and wealth holders up at night are: How and when do I talk to my children about our family wealth? How do I prepare my children for the opportunities and responsibilities of family wealth; especially so they don’t become entitled or trustafarians? Legacy Capitals has written articles
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According to a recent survey from Charles Schwab [referenced in an online article by Financial Advisor Magazine], “…respondents said that on average being wealthy means having a personal net worth of $1.9 million. That’s down from $2.6 million in the prior year’s annual “Modern Wealth Survey.” “Survey participants also lowered the bar for how much
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In case you have missed our Family Flourishing webinars, below you will find a recorded copy. This 30-minute video presentation will provide you with a psychological framework and 14 practical ideas to help you and your loved ones flourish during these times of great uncertainty! Click on the image below. www.LegacyCapitals.com 609.917.0161
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Probably more than any other time, families are physically together during the days. Although many parents are still working virtually and their children are attending school via “distant-learning,” there is an opportunity for all families to make the most of this time together. For the next 14 days of our Family “Quarantine” time, I will
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As if Advisors didn’t have enough to focus on in terms of differentiating themselves from their competitors…now comes along Sophia! Although Sophia is in her artificial-intelligence infancy stage, she is an endearing humanoid robot. Watch via the short video clip below, how she interacts and engages with Tony Robbins. During her chat with Tony Robbins,
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Legacy Capitals has been serving financially successful families for many years by helping them to work through topic such as family governance, family values, family philanthropy, family dynamics, and family business, and preparing the rising generation for the opportunities and responsibilities that come with wealth. All too often, families and the advisors who serve them,
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Whether we at Legacy Capitals are facilitating a multigenerational family retreat with one of our family-clients, or training Advisors to facilitate family meetings themselves, it is important that the stage is set properly to ensure the family has a productive and meaningful experience. To this end, a few important steps are involved in properly setting
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In an article published by Legacy Capitals titled, Engaging Families in Philanthropy 3.0, we write: When people think of philanthropy, they typically envision affluent people writing large checks to nonprofit organizations, but the true scope of philanthropy has far greater impact and complexity. Etymologically, the word philanthropy refers to the love of humanity or promoting
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In chapter five of my book Legacy, I address the question that is on the hearts and minds of parents, especially parents of financially successful families, and that is: How do I prepare my children for the opportunity and responsibility of wealth? I addressed this question in a prior blog titled: 4 Parenting Tips for
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In chapter five of my book Legacy, I address the question that is on the hearts and minds of parents, especially parents of financially successful families, and that is: How do I prepare my children for the opportunity and responsibility of wealth? Here are four of the ten tips provided in my book. Principle #
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