I’ve been in wealth management since 1998. Before that, I practiced corporate tax law at Paul, Weiss, Rifkind, Wharton, & Garrison and worked as an investment banker at JP Morgan. I’ve seen the topic of financial security from many angles: the legal, the numerical, and most recently, the psychological and emotional.
Read MoreIn the early 20th century, experiments on parasites revealed that when rose bushes infested with them died, the parasites, previously wingless, would grow wings. Once their source of food was dead, a metamorphosis took place, and they grew wings to help them avoid starvation and support them in finding a new source of food.
Read MoreAs a wealth advisor, I often have conversations with parents concerned about spoiling their children. “I just don’t want my kid to turn into Paris Hilton,” they tell me, using “Hilton” as a byword for all that can go wrong with a privileged upbringing. Their children are often either adolescents or young adults, displaying some Hilton-esque warning signs.
Read MoreThe proverb “shirtsleeves-to-shirtsleeves” refers to a toxic pattern in family wealth, in which the resources accumulated by one generation are exhausted by a later one. How can we build wealth sustainably that goes beyond 2 or 3 generations?The short answer, effective family governance.
Read MoreDespite my decade-plus-long devotion to Dylan’s music, I unfortunately don’t possess a channel directly into the man’s mind. I can’t say with absolute certainty why Dylan decided now was the time to sell, but I have one hypothesis which I haven’t read elsewhere: He’s looking out for his kids.
Read MoreIn a world where we speak (and text, and post) freely about virtually everything, talk of money is often still taboo. Learn how to broach this difficult topic with the most important people in your life — your children.
Read MoreFamily dynamics, immigration challenges, moral disputes, and romantic turmoil all roil the realistically fictional Corleone family — tensions not limited to the mafia setting. Learn what “The Godfather” can teach us about nepotism.
Read More
