NextGen Wealth

One Pocket’s Better Than Two: Turning Your ‘Legacy Mindset’ Into a ‘Good Ancestor Mindset’

How can families ensure that the decisions they make today will resonate with future generations? Avery Fontaine, head of Hawthorn Purpose for PNC Private Bank Hawthorn, explains how shifting from a “legacy mindset” to a “good ancestor mindset” can help.

Novel Concept: The Book Club as a Family Education Vehicle

Cathy Family Office exec Beth Chapman runs a book club for the family. All generations can participate, though she has a separate book discussion for the rising generation as part of the educational curriculum she has put together for that generation.

The Top Wealth Transfer Worries of Family Offices

As wealth transfers surge globally, family offices worry about the readiness of heirs, with concerns about personal achievement, wealth responsibility, and family conflicts.

Transparency and Tech Teach Kids About Wealth

Alongside technology and formal education, parents play a crucial role in shaping their children's understanding of money, instilling values of stewardship, responsibility, and the broader impact of wealth on personal and professional development. Advice for families and family offices.

‘Off the Charts’–How the ‘massive’ transfer of wealth and power will affect family offices

The aging U.S. population is expected to grow substantially by 2050, posing significant challenges for family offices in terms of governance, wealth planning, and staffing, as they navigate generational transitions. Additionally, caregiving responsibilities, including protecting elderly family members from fraud and ensuring their safety while maintaining independence, will become increasingly complex.