Laying the Foundation: Five Steps to Supporting the Growth of Your Clients’ Health Capital*

While traditional paradigms of family wealth planning focus on best practices for the preservation and transference of fi nancial capital, innovative wealth advisors have begun to embrace a more comprehensive definition of family wealth—one that includes the human, intellectual and social capital of family members. Within this progressive framework, multi-generational wealth preservation practices acknowledge that the power of compounding does not just apply to a client’s investment portfolio, and that, in fact, a family’s long-term fi nancial capital is strongly correlated with the well being of individual family members.