Multi-Gen Wealth Strategies | Oliver Private Wealth Management Group of Wells Fargo Advisors | Charlotte, NC

You would think shared wealth would be a source of joy. A way for families to bond. What often happens is personal preferences, individual goals and different definitions of “fair” create tension.

Here are the common challenges our ultra-high-net-worth families face and our sensible approach to help overcome them.

CHALLENGE:
Misaligned Priorities

SOLUTION:
One generation might favor security while an heir can afford to take on more risk. Our comprehensive wealth planning allows us to create sub-portfolios for varying timeframes and goals.

CHALLENGE:
Values That Drift Over Generations

SOLUTION:
Part of any legacy planning strategy should include how, when and for what purpose inherited wealth is used. We coordinate with your outside professionals to help ensure the bond between your wealth and values remain.

CHALLENGE:
Preservation Takes a Backseat

SOLUTION:
The rules change when you’ve “won the game.” We downshift risk strategically beyond traditional rebalancing to focus on after-tax returns that can compound for the next generation.

CHALLENGE:
Reacting as a Strategy

SOLUTION:
Nobody can take it all with them, but some still don’t plan for the inevitable which can lead to an emotional free-for-all. We bring each generation together early to establish a framework based on shared goals that help prevent emotional disagreements.

Let’s Align Your Family

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