Because more money is lost to poor relationships than to poor investments.
Managing the family is as important as managing the family assets. Wealth advisors, trust officers, attorneys, and other financial professionals provide valuable insight on how to manage the fiscal assets of the family. However, even very good law schools and business schools provide few courses on parenting and educating. We work with advisors to integrate an understanding of family dynamics and the non-financial complexities of wealth alongside the financial and legal services they offer. Understanding the multigenerational risk factors associated with family money helps financial advisors uncover their clients' non-financial needs and challenges, while supporting their efforts to provide financial returns and stability across multiple generations.
We offer ongoing advice and strategic thinking to advisors on some of the most critical issues facing their clients, including:
Talking to the children about the money
Wrestling with the question: How much is enough?
Introducing new family members
Dealing with Prenups and divorce
Engaging in Family philanthropy
Parenting a Child with Learning Differences
Determining what is the money for?
Sharing assets and property
Successfully raising children in economically secure families requires more than just good investment and tax advice.
As an independent LLC, The North Bridge Advisory Group works in a professional and highly confidential environment. We are a strictly fee-based service and do not manage assets, sell investment products, or offer legal advice.