family office

My Prediction about the Future Advisor

My Prediction about the Future Advisor

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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How Much Money Do You Need To Be Wealthy?

How Much Money Do You Need To Be Wealthy?

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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3 Tips for Successful Family Retreats

3 Tips for Successful Family Retreats

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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5 Tips for Engaging in Family Philanthropy

5 Tips for Engaging in Family Philanthropy

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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