As older generations retire, their younger heirs are faced with the challenge of preserving and growing their family’s legacy. In a world where information is constantly evolving and the means to get that information is so easily accessible, it can be overwhelming for younger generations to understand what’s important. The saying goes that, “the first generation makes the money, the second generation spends it and the third generation blows it.”
The FuturePath initiative by Pathstone is designed to tackle this notion and directly engage the next generation to ensure they are equipped with the knowledge and skills necessary to act as strong stewards of their family wealth. It is our goal to help the next generation understand and embrace their role as stewards of the family legacy.
We aim to educate, coach, and facilitate the younger generation’s continued creation and preservation of wealth through shared learning, interactive events, peer engagement, and a robust network of resources. The next generation of Pathstone advisors will team up with the next generation of clients to guide, teach, and empower in an atmosphere that is conducive to them. FuturePath will explore a diverse variety of topics including investments, budgeting, tax, accounting, ESG, philanthropy and estate planning. The next generation will have the ability to connect and network with other young clients and to build relationships with Pathstone advisors. FuturePath will provide an opportunity for the younger generation of clients to have a voice, and to use that voice to succeed.