With 70% of families losing their wealth by the next generation and 90% by the third, it is crucial for advisors to work with clients on preserving financial stability. In a piece for Kiplinger, our Chief Investment Officer Nathan Hoyt, CFP® highlights three key blind spots that investors need to address to establish and maintain multigenerational wealth:

“While cautionary tales of lavish and wasteful spending certainly exist, the reality is that wealth erosion often stems from the unexpected. To preserve their financial stability, investors should be focused on several key considerations: managing tax inefficiency, bridging insurance gaps and envisioning multiple market outcomes,” notes Hoyt.

Learn more about how each of these strategies can be leveraged to protect and preserve investors' wealth.

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