Advisors and the Rising Generation

Wealth transfer often occurs when heirs are well into adulthood, by which time they may have already formed relationships with other advisors. Proactively engaging with the next generation early"through financial literacy education, mentoring, charitable giving discussions, and managing smaller accounts"positions advisors as trusted mentors long before wealth transitions occur. 

By starting conversations as early as elementary school, advisors help families instill values around money, giving, and decision-making. This approach not only strengthens client relationships but ensures advisors are prepared to guide the next generation effectively when the time comes.

This clip is an excerpt from episode 71 of the "Always On with Duncan MacPherson' financial advisor podcast featuring Dr. Karen Weisgerber, Principal Consultant at Cambium Consulting Group. Stream the entire episode at one of the following links:

Apple Podcasts: paretosys.co/ao_ap 
Spotify: paretosys.co/ao_sp 
Find Your Channel: paretosys.co/ao_bb