PWC-report

PwC

The largest losses [of clients] are attributable to wealth passing on to children of existing clients as well as transfers to charitable foundations. Knowing this, an advisor [accountant] must have at its disposal the skills, tools, techniques and strategies to develop a long-lasting relationship with not only the patriarch and matriarch of a family but also their heirs and spouses... Respondents told us that creating loyalty across multiple generations of clients can significantly cut asset attrition.

US-trust-insights-wealth-worth

US Trust

Only 34 percent of parents strongly agree and 17 percent of parents disagree that their child/children will be able to handle family money. 84 percent of parents agree their children would benefit from discussions or lessons given by a financial professionals, of whom approximately one-third strongly agrees.

Having-the-talk-about-wealth

Ian Prior, US Trust

If you are looking for the core strength of an institution such as U.S. Trust, this is surely it: client relationships that span many generations, and a capacity to help each of those generations grasp the implications of wealth. That’s Financial Education 101 — and then some.

charles-schwab2011 Teens & Money Survey, Charles Schwab & Co


86% of teenagers say they would rather learn about money management in a class before making mistakes in the real world. 75% of teenagers say that learning more about money management incusing budgeting, saving and investing, is one of their top priorities. 54% of teens want to know how income tax works.

 

THE WEALTH ACADEMY: We support those who value financial education