Publications
U.S. Trust and Estate Planning 美國信託規劃實務（英文部分）
Chapter 5 The Rise of the Global Family Office
Should Wealth Creators Pass on Their Relationships with Advisors?
Benefits of passing on advisor relationships to the next generation may include:
1. Continuity and Stability
2. Established Trust
3. Consistent Strategy
While passing on advisor relationships to the next generation can provide continuity, stability, and preserved knowledge, it’s also important to consider the next generation’s preferences and the evolving financial landscape.
Wealth Creators should balance maintaining trusted relationships with the potential benefits of new perspectives and expertise. Ensuring that the next generation is involved, educated, and comfortable with the professional advisors is key to a successful transition.
1. Continuity and Stability
- Seamless Transition: Continuity of advisor relationships can provide stability and ensure a seamless transition of wealth management practices.
- Preserved Knowledge: Advisors who have a long history with the family possess valuable knowledge about the family’s financial history, goals, and values.
2. Established Trust
- Trusted Relationships: Existing advisors have already established trust with the family, which can be difficult to replicate with new advisors.
- Proven Performance: These advisors have a track record of managing the family’s wealth effectively.
3. Consistent Strategy
- Strategic Alignment: Maintaining the same advisors ensures that the financial strategies remain consistent and aligned with the family’s long-term goals.
- Avoiding Disruption: Changing advisors can disrupt financial plans and strategies, leading to potential losses or mismanagement.
While passing on advisor relationships to the next generation can provide continuity, stability, and preserved knowledge, it’s also important to consider the next generation’s preferences and the evolving financial landscape.
Wealth Creators should balance maintaining trusted relationships with the potential benefits of new perspectives and expertise. Ensuring that the next generation is involved, educated, and comfortable with the professional advisors is key to a successful transition.
