Empowering the next generation
Newport Private Wealth’s NextWave is an initiative to prepare young adults to better manage their wealth in the years ahead. NextWave is a catalyst for discovery; a forum for learning; and an opportunity for networking.
It was borne out of a desire expressed by our clients that their children and grandchildren develop healthy money management habits and ultimately gain the experience needed to steward wealth responsibly.
And while intentions may be well meaning, let’s face it, it can be challenging to talk to our children and grandchildren about money. A recent Ipsos Reid survey found that more than half of Canadians avoid discussing finances with their families.
We act as a catalyst and a professional educator with a three-pronged approach.
- NextWave aims to enlighten young adults and be a catalyst to discover a business idea; an opportunity; a profession or an introduction into an industry not previously considered. NextWave helps young adults navigate and make more informed decisions regarding personal wealth.
- Personal finance and investments can be confusing for young adults. It is a demographic that is commonly underserved by personal finance providers. Financial planning is often delayed until later years rather than at earlier stages when it is most crucial to gain a solid financial footing. NextWave educates young adults on topics that are relevant to them: buying vs. renting a home; living with a significant other and the financial/legal implications; managing cash flow; saving for long term goals; etc.
- Networking and building relationships is essential to help young adults navigate financial decisions in the early stages of their adult lives. In a casual setting at our offices in trendy King West, NextWave hosts events bringing together the younger generation to provide an opportunity to interact with like-minded peers.
The NextWave program is led by two young associates, Caitlin Chapman and Kevin Dean who bring not only professional insight but also candidly share their own successes and challenges in dealing with these issues.
Have a Newport Private Wealth professional contact you.