The Informed Investor

Your family has been blessed with substantial wealth through hard work, good fortune, or both. Managing intergenerational wealth and transferring it from generation to generation requires a team of skilled professionals.  You will need both financial advisors and attorneys who specialize in estate planning. At ICC, we specialize in helping meet your goals regarding comprehensive wealth transfer strategies involving you and your beneficiaries. Here’s what you need to know.

Your Relationship with Your Financial Advisor Is Critical

When you work with the ICC team for intergenerational wealth transfer strategy, you’re not simply a client to us. We strive to build lasting, long-term relationships with each of our clients. It is only through such a relationship that we are able to truly understand your goals, values, and priorities.

Your wealth advisor will meet regularly to update you on your portfolio performance and the economic outlook, but we also go beyond investment management guidance. We help connect you with other professionals who can provide assistance, including estate planning attorneys and qualified accountants, to assist you with other types of financial planning. Our in-house estate planning and accounting specialists can also offer support whenever you need it.

Every Family Has Different Goals

If there were one single intergenerational wealth strategy that worked for all families, we wouldn’t be in business. We first listen to your goals and concerns and then develop a unique strategy that helps you put your plan into action. This may include:

• Philanthropic planning to minimize your tax burden.
• Other tax planning services are available to ensure that the next generation can fully benefit from the resources you leave behind.
• Determining the financial needs of your family members and beneficiaries.
• Collaborating with your attorney to draft trusts and wills.

Multigenerational Wealth Requires Multigenerational Participation

Less than 10% of family wealth survives the transition to the third generation. We aim to ensure your family isn’t one of the 90% that loses their wealth over the years. To do so, we focus on long-term strategies rather than short-term returns. We also serve your entire family, not just you. This means facilitating meetings with your beneficiaries and including them in the financial planning process. You will make all the important decisions. However, you will also keep your family members informed about family finances will better prepare them to take their responsibilities seriously and understand their role in passing wealth to their own heirs someday.

Wealth Isn’t Just Financial

Intergenerational wealth often involves business succession planning as well. It’s common for wealthy families to have one or more businesses, and plans must be made for how (or whether) they will be transferred to the next generation when the time comes. There are the logistics of determining different roles for each family member, but also tax and other financial implications. Our team can help you address all of these concerns in collaboration with your other estate planning professionals.

Learn More About Retirement Planning With ICC

To learn more about our intergenerational wealth transfer services, contact us today at 702-871-8510. ICC has been providing investment management services since its founding in 1987. As one of Nevada’s largest independent financial planning firms, we hold ourselves to a higher standard: the fiduciary standard. This means we have eliminated or disclosed possible conflicts of interest. We do not sell our own investment products or receive commissions, so our only goal is to help you achieve your financial objectives.

If you have $5 million or more of investable assets, please visit our website, www.iccnv.com, or call us at 702-871-8510 to learn more about how we can help you achieve all that is important to you and your family.

IMPORTANT DISCLOSURE INFORMATION
The Investment Counsel Company of Nevada (“Company”) is an SEC registered investment advisor located in Las Vegas, Nevada. Company may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Company’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Company’s web site on the Internet should not be construed by any consumer and/or prospective client as Company’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Company with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of Company’s current written disclosure Brochure discussing Company’s business operations, services, and fees is available from Company upon written request. Company does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Company web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
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