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Client Alert

Investment Training for the Second and Third Generations

January 19, 2021Consider this scenario. Mom and Dad started the business from the ground up. Over the decades it has expanded into a money-making machine. They are able to sell the business and it results in a multimillion-dollar payday for their labors. The excess money has allowed Mom and Dad to invest with various financial advising firms, several fund management groups, and directly with new startups and joint ventures. Their experience has made them savvy investors, with a detailed understanding of how much to invest, when, and where. They cannot justify formation of a full family office with dedicated investors to manage the funds, but Mom and Dad have set up a trust fund for the children to allow these investments to continue to grow over the years. Eventually, Mom and Dad pass. Their children enjoy the fruits of their labors, and, by the time the grandchildren are adults, Mom and Dad's savvy investments are gone. Posted by Richard Burke and Cassandra Manna
Akron
75 East Market Street
Akron, Ohio 44308
P: 330.253.5060
F: 330.253.1977
Beachwood
25550 Chagrin Boulevard
Suite 100
Beachwood, Ohio 44122
P: 216.472.1500
F: 216.593.0914
Bonita Springs
9240 Bonita Beach Road SE
Building C
Suite 1101
Bonita Springs, Florida 34135
P: 239.992.6578
F: 239.390.1920
Canton
4518 Fulton Road NW
Suite 202
Canton, Ohio 44718
P: 330.253.5060
Cleveland
200 Public Square
Suite 1850
Cleveland, Ohio 44114
P: 216.658.2155
F: 216.658.2156
Columbus
41 South High Street
Suite 3750
Columbus, Ohio 43215
P: 614.246.7500
F: 614.246.5790
Detroit
39555 Orchard Hill Place
Suite 600
Novi, Michigan 48375
P: 216.658.2325
F: 216.658.2325
Jacksonville
5210 Belfort Road
Suite 400
Jacksonville, Florida 32256
P: 904.366.1500
F: 904.366.1501
Orlando
255 South Orange Avenue
Suite 700
Orlando, Florida 32801
P: 407.392.0318
F: 407.392.0318
Phoenix
10115 East Bell Road
Suite 107-420
Scottsdale, Arizona 85260
P: 602.796.9647
F: 480.687.9747
Willoughby
38027 Euclid Avenue
Willoughby, Ohio 44094
P: 440.951.1525
F: 440.951.1807
Youngstown
8600 East Market Street
Suite 1
Warren, Ohio 44484
P: 330.394.1501
F: 330.392.5155
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