Values based wealth management

Earlier this month, we hosted another in our series of Inside the Tent events for clients and friends. This time the topic was personal: Net worth. Self worth. What values will you pass on?

How do we make sure our money doesn’t mess up our family?

How much financial support should we give our kids?

How do we create a sense of generosity and not entitlement?

These are the questions we discussed as a group. Our guest speaker was Julie A. Morton, a Ph.D. in communications and consultant to high net worth families who want to maximize their potential and create lasting legacies.

In her presentation Julie asked us to think about how our values impact our decisions and behavior around managing wealth in our families.

She posed this question: “What are the sayings and stories that are told again and again within your family?”

Chances are they are clues to what is valued, what’s important, and what behavior is encouraged or frowned upon within the family. When we are conscious of the messages we’re sending and the values we hold dear, we are more intentional and more effective in the decisions that affect the most important areas of our lives.

Julie’s message really stuck with me and I’ve found myself thinking a lot about it.  You come to realize that when you understand someone else’s values you understand why they do what they do and how you may be able to help them.

We’ve shared the video of Julie’s presentation and you can download the workbook from our website for free on how to truly define your own values and make more intentional and more successful decisions in all areas of your life.

2 Responses to “Values based wealth management”

  1. Kingship Capital on October 2nd, 2012 at 11:02 am #

    Great message! As an investment manager, I agree with the points you have raised here, and I always endeavor to make sure my clients are mindful of similar values.

  2. Kolinsky Wealth Management on October 30th, 2012 at 8:19 am #

    If we have the correct answer for the above three questions asked in the article then we don’t have to worry about anything else.

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