You want your family’s wealth to last for generations. Backed by decades of experience with high net worth multi-generation families, our CPAs and wealth advisors will make recommendations with your family’s future and desired lifestyle in mind.
One of the most important ways to preserve wealth is to introduce the younger generations to your family’s values, philanthropic commitments, finances, business interests and best practices for wealth management.
At Gross Mendelsohn, our most successful high net worth clients commit to – and follow through with – regular, structured family meetings. Our wealth advisors often facilitate those meetings, which bring together multiple generations and follow a prepared agenda.
Through skilled facilitation, Gross Mendelsohn’s wealth advisors will help your family identify, fine-tune and craft your values into a cohesive family mission statement, which will be the core of every financial, business and philanthropic decision you make.
When your family has a strategic philanthropic plan in place, charitable giving provides powerful tax and estate planning benefits to you and your family, in addition to the opportunity to support the causes you believe in.
Strong family governance establishes a plan for the smooth transition of family wealth from one generation to the next. When your family’s wealth is tied to multiple trusts, estates, investments, businesses and other endeavors, governance will provide continuity through the generations.
When you work with us, your family will have a dedicated wealth advisor who is intimately familiar with your family’s assets and goals, and who works tirelessly to grow your wealth while minimizing risk.
We manage the family office for wealthy families, handling day-to-day details such as banking, personal business services, insurance, bill paying, negotiations with vendors and medical planning.
Preserving your family’s wealth for the next generation takes careful asset management today with an eye on the future. We’ll craft a customized plan based on your goals, risk tolerance, tax and estate planning opportunities, current economic conditions and other factors unique to your family.
Whether your family members want to transfer assets to the next generation or their favorite philanthropic causes – or a combination of both – our experienced estate planning professionals can help.
Substantial wealth usually brings about complex tax questions. We’re familiar with the unique tax issues of multi-generation high net worth families, and understand the tax implications of every decision you make.
When there’s a business tied to your family’s wealth, it’s essential that you have a qualified and experienced team at your side to guide you every step of the way.
We work with families who have concentrated positions, and are familiar with various hedging and diversification strategies as well as SEC restrictions with respect to publicly traded securities.
One size does not fit all when it comes to personal financial and retirement planning. Mainstream strategies that are advantageous for most are not necessarily suitable for high net worth families.
Trusts offer many wealth transfer opportunities and tax saving benefits, as well as asset management protection from creditors.
When you have a complex web of assets, there’s a lot at risk. But it doesn’t have to be that way.