Julie Neitzel

As we embark on the new year, it is important to set resolutions and goals to which we will direct our energies. The family office team, through dialogue with the family, typically establishes goals focused on wealth management activities such as estate planning, investment allocations and tax-planning strategies, among others.  Oftentimes, the most critical family

As we close another calendar year, it’s time to reflect and take stock of our financial health. Many of us undergo an annual health assessment; similarly, the family wealth enterprise can benefit from an annual “wealth checkup” in the following areas:  Is there a strategic wealth enterprise plan?  For successful families of wealth, the development

The millennial population has slightly surpassed the over 73 million baby boomer population and stands to inherit $40 trillion over the next 40 years. Given the potential trillions that will transfer, the wealth management industry is actively researching this important demographic cohort. Various studies describe millennials as a future-oriented group with a strong sense of

As the saying goes: “The more you have, the more you can lose.”  The ultrahigh-net-worth population in the United States continues to grow at a 6 percent rate, with over 69,000 falling into the category, according to Wealth-X. The continued expansion of wealth enables more investment opportunities, greater discretionary income and growing inventories of residences,

A common struggle for wealth owners is determining how much to leave to heirs and how to communicate their wealth transfer plans. This dilemma is understandable given the constant headlines regarding the destructive behaviors of wealthy children, reality TV shows such as “Rich Kids of Beverly Hills” that depict the frivolous lives of wealthy heirs,

In this month’s column, we’ll explore how to sustain personal wealth after a big liquidity event. Oftentimes, the new liquidity is unknown territory for the wealth creator, necessitating a thoughtful wealth sustainability strategy.  Why is formulating a wealth management strategy so important after a liquidity event, which could be the sale of a business, an

My May column discussed the business analysis tool known as SWOT (strengths, weaknesses, opportunities, threats), a useful planning method for identifying the external and internal elements that can impact the sustainability of family wealth. There was mention of the critical nature of identifying the “Ts,” or threats, including controllable ones and those the family can’t

My April column discussed the concept of applying business best practices to managing family wealth as a mechanism to avoid the dreaded and common “shirtsleeves to shirtsleeves” (STS) syndrome – resulting in the unplanned disipation of family wealth. This month, we’ll explore the use of the SWOT (strength, weakness, opportunity, threat) business analysis tool to

Last month’s column discussed the current magnitude of family wealth, estimated at $46 trillion globally. Further, according to Federated Investors, the millennials will inherit $30 trillion from their Baby Boomer parents.  Those numbers are big business! However, if history is any indicator, the “shirtsleeves to shirtsleeves” phenomena of wealth dissipation will occur unless best practices

Why all the buzz about family (and multi-family) offices? There’s $46 trillion reasons why, based on a recent Bloomberg article that summed up family wealth assets globally. An estimated 128,000 to 200,000 ultra high net worth individuals (UNHWs) have more than $30 million of investible assets, which makes them candidates for a family office firm.