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    Legacy Planning Teams: Lessons learned from family offices, private banks and best-of-breed teams of independents

    Trusts & Estate’s Magazine
    November 2017

    Philip Cubeta, Thomas Rogerson & Martin M. Shenkman 

    Legacy planning is changing. Fewer clients need estate tax planning. Robo-advisors and artificial intelligence are making it more difficult for
    investment firms to justify their services. To differentiate themselves, add value and compete, many estate-planning and wealth management professionals are evolving toward integrated, multi-generational wealth management. Such planning not only includes the quantitative planning elements, such as tax, investment, life insurance and fiduciary planning, but also considers the qualitative elements, such as philanthropy, family dynamics and family governance.

    Let’s examine three primary business models for integrated, multi-generational wealth management for successful families: (I) the family office, (2) private bank, and (3) best-of-breed independent advisors (independents). Each model has advantages, each has challenges and each requires teaming across the disciplines.

    Read their commentary here.

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