We often get asked: "When should I tell my kids about the money?”, "What should I tell them?", "How do I have this conversation?”. Sustaining wealth across many generations while maintaining family cohesiveness requires a commitment to building a solid financial education and decision-making process to enable accountability, responsibility, and transparency for successive generations. We call this commitment “Human Capital,” which must be preserved and enhanced over time similarly to any other family financial or tangible asset. With this commitment firmly in place, legacy endures.

Action Steps:

  1. Introduce the importance of family education.
  2. Determine your family’s specific objectives.
  3. Create a long-term plan for each generation and each family member.
  4. Determine internal, external, and collaborative resources.
  5. Integrate educational components into family and individual meetings.
  6. Continually evaluate and enhance along the way, expecting adjustments.

Our encompassing family communication and preparedness process begins with building a curriculum for each generation’s members and that is customized based on maturity rather than specific ages. We move at a structured and deliberate pace to assist in the communication of your family’s wealth intentions and complexity through facilitated meetings, breakouts, and offsites.

Family Education Priorities

Lifestyle – Education to include spending, budgeting and understanding cash flows.

Generational – A curriculum to include inflation, investing, taxes, risk management, and structures.

Legacy – Defining and developing your long-term intentions and legacy for generations to come.

The Biltmore View

S4 E32
Sept. 19, 2023, 4 p.m.

Episode 32: An Education in Biotech, Dev Gandhi - SilverArc Capital

If you ever want to cause a debate with any of your investment friends, a good starter subject is BioTech. People either love it or hate it. Biotech stocks are particularly volatile. The day trial results are released can see a stock falling 50% or gaining 100%...
S4 E31
Aug. 25, 2023, 3 p.m.

Episode 31: The Overlooked Value in Real Assets: Helicopters - Matt Rothschild, Thora Capital

Our guest, Matt Rothschild, is founder and portfolio manager of Thora Capital. In this podcast, Matt encourages us to take a deeper look into helicopters as an investment.