Tag: #generationalshift
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Step 3: Involve the Next Generation
Once systems are in place and the portfolio is clearly understood, the next natural step is often the hardest to approach: preparing the next generation. In many families we work with, adult children and spouses are kept at arm’s length from the finances—not out of secrecy, but out of habit. The older generation may have…
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A Modern Family Office Transformation
Case Study: From Paper Trails to Peace of Mind When we meet families like this one, we often find a familiar story. Wealth built over time through hard work and intuition, now managed with the same habits that once served well—but are beginning to show their limits. It’s at this crossroads that family office transformation…
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Your Wealth, Your Values
At Markdale Financial Management, we understand the importance of aligning your investments with your philanthropic and personal values. Our family office offers a comprehensive approach to managing wealth that ensures your financial strategies reflect your ethical principles and charitable goals. Here’s how we can assist you: Crafting a Personalized Investment Policy Statement (IPS) We begin…
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How Do I Stay Involved While Stepping Back?
Transitioning wealth to the next generation is key to your financial legacy. But, staying involved in your family wealth while “stepping back” doesn’t mean losing control—it means having a more strategic role. Reducing administrative burden allows you to focus your time on fostering the success of the next generation. And, helping your kids understand your…
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Modern Wealth Management: Bridging Generations, Values, and Technology
Wealthy families are facing complex challenges that span generations. Whether it’s transitioning from traditional methods to modern digital systems, aligning portfolios with contemporary values, or navigating the emotional side of wealth transfer. These challenges often involve more than just financial considerations—they encompass tax issues, values, and family dynamics. By bridging generations, values, and technology, our…
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Family Foundations Challenges and Solutions
Family foundations are often formed with the best intentions. But, like many family businesses, family foundations also struggle to survive past the founding generation. What are the biggest family foundation challenges preventing success? Overcoming the issues that cause family foundations to fail is crucial for ensuring their longevity and effectiveness. Here, we’ll briefly highlight the…
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What Is a Family Office?
What is a family office? A family office is a private wealth management advisory firm that exclusively serves wealthy investors. Some groups in Canada have attempted to define family offices with limited success. Since, there is no consensus about what family offices are and which services they provide. Adding to the confusion is the fact…
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Do You Need a Family Office?
Imagine having a personal CFO for your family’s finances – someone who’s got your back, simplifying the complex world of money management while aligning it closely with what matters most to you. Today, many advisors claim to be your personal CFO. When in fact, they must focus on their area of expertise instead. That’s where…
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Multi-Generational Wealth Management: Strategies for Success
When it comes to multi-generational wealth management, is financial wealth the only capital worth cultivating? While financial capital is significant, considering various aspects of capital, including human capital and leadership, is essential to successfully transition wealth across generations. This post explores some strategies that can aid the transition of wealth to heirs and unearths the…
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Financial Contingency Plan: A Guide for Wealthy Families
The financial consequences for wealthy families without financial contingency plans are high, as uncertainties are a certainty. Since, the peace of mind that comes with having a substantial investment portfolio can be easily disrupted by unexpected events. Changing circumstances, legal entanglements, unforeseen personal tragedies, or even shifts in tax regulations can pose significant threats to…