Stewardship: Understanding the Psychology of Multi-Generational Wealth

Description

This course is designed to aid financial advisors actively engaged with or aiming to expand their practice to include affluent families, ultra-high net worth individuals, multi-generational wealth and beneficiaries. This course provides cornerstone principles such as “Shirtsleeves to Shirtsleeves in Three Generations” and explains the modern psychology of stewardship and the fear of wealth eroding over generations. This course highlights important demographic data points on global wealth transfer as well as rich historical case studies from recognized families from the Industrial era. The course provides insightful, first-hand accounts of inheritors delving into the psychological aspects associated with inheriting wealth and being empowered by wealth. Learners will develop a deeper insight into the array of emotions and experiences that their affluent clients may experience. Whether born into wealth or inheriting it during their lifetime, understanding these psychological factors enables advisors to provide more effective support to their clients.

Learning Objectives:

Define the concept of modern stewardship and explain how it has evolved over time.

Examine the intergenerational wealth transfer needs for rigorous financial, fiduciary, investment, and estate planning education.

Develop strategies for advisors to address and support next-gen clients in managing psychological factors linked to inheriting wealth.