Our GenerationNeXt™ service provides young wealth accumulators, between the ages of 20 and 40, guidance on establishing a solid financial foundation for the future. It is our mission to progressively guide the next generation of wealth accumulators towards an affluent path.
The GenerationNeXt™ service is designed to bring our clients’ family members into the fold of making smart fiscal decisions and providing structure by planning for their own financial future. For more information on the importance of generational planning, be sure to read our blog Financial Planning for the Generations.
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VIDEO: An Introduction to Wealth Management
While establishing an appropriate investment strategy with new clients, we take the time to consider every option, while ensuring the chosen plan does not have any negative unforeseen surprises. For example, if a client has several long-held stocks in their portfolio with very low cost basis, our first concern is the possible high tax consequence should they want to sell these holdings. By taking the time to think “outside the box”, we may be able to accomplish another goal of the clients, such as gifting to family and charitable causes close the client. By choosing to gift the zero-basis appreciated stock instead of cash to children or charities, the client is able to avoid having to pay long-term capital gains tax and the children and/or charity can benefit from this generosity, a win-win all around!.