Tips To Protect and Build Family Wealth For High-Net-Worth Families

Building wealth is the process of generating and maintaining long-term income from your assets. It also entails protecting your wealth. We’ve all heard of the basic formula—earn more money than you spend, save, and invest wisely—but if you are responsible for the household investable assets of a high-net-worth family, what else can you do to protect and build family wealth? Here are some tips.

Continue reading

Single-Family Office And Multi-Family Office: Which Type Is Right For You?

As wealth accumulates, so does financial complexity. For this reason, many wealthy individuals pursue a holistic and multi-disciplined style of managing wealth through family offices. Do not worry—family offices vary in source (single-family or multi-family) and size (assets under management), therefore you don’t have to be Bill Gates or descendants of Rockefeller to understand and consider this approach to wealth management.

What is a single-family office and a multi-family office? In this article, we will focus on each type of family office to help you explore what type of is right for you.

Continue reading

Is It Worth Having A Financial Plan If You Are A High-Net-Worth Individual?

A financial plan is often associated with ensuring that your retirement will be sustainable and free of financial shortfalls. If you are a high-net-worth individual or part of a high-net-worth family and are not concerned about outliving your money and running into deficits in retirement, you may question whether the financial planning process is a valuable exercise.

While the sustainability of retirement may not be a concern, a comprehensive financial plan can absolutely add meaningful value beyond simply confirming that wealth is sufficient for your retirement needs. This article highlights 3 key areas where having a financial plan can be significantly meaningful and impactful for high-net-worth individuals and families.

Continue reading

Financial Advice for Millennial Entrepreneurs

In the last two decades, many Millennials have bypassed the corporate ladder and achieved success through entrepreneurship.

Millennial entrepreneurs include the founders  of Facebook, Tumblr, Snapchat, Pinterest, Mashable, Quora, Asana and more. Even famous YouTube, Instagram, and TikTok personalities have emerged as entrepreneurs by developing their personal brands and becoming influencers, making millions, if not billions, in their 20s.   

While countless financial articles offer personal finance advice, few are tailored towards Millennial entrepreneurs who are making or have accumulated significant wealth at an earlier stage of life, and who may be retiring years before normal retirement age with a need to protect and grow their wealth. This article fills that gap and offers up-to-date financial advice for Millennial entrepreneurs.

Continue reading


© 2023 Bloom Investment Counsel, Inc. All rights reserved. E & O E.

Powered by W3Schools