Episode 18

Published on:

27th May 2022

Advance Your Wealth - Getting Heirs Ready for Wealth

When family wealth gets passed on to the next generation, too often that wealth tends to shrink instead of grow.

On the latest installment of Advance Your Wealth, Homer examines how you can help your loved ones prepare to become good financial stewards of family wealth before the day comes when their bottom line suddenly gets a lot bigger!

Join us for another enlightening conversation that features strategies and solutions that Homer is utilizing with his clients at Konvergent Wealth Partners. Enjoy!


0:06 - Introduction and overview on the topic of the day

1:47 - Should parents be worried about their heirs handling their money?

3:00 - Homer's advice to clients who wish to avoid becoming another bad statistic

7:25 - How you should be evaluating your wealth manager's skillset

9:00 - Today's heirs have many goals and it's important to consider them

10:30 - Educating heirs that are planning to take on the family business

14:08 - You don't have to be passing down significant wealth for these efforts to take place

15:36 - The best way to get in touch with Homer's team to discuss you're unique situation

16:50 - Closing remarks

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About the Podcast

Advance Your Wealth With Homer Smith
Financial advice to generate the results you expect and desire
Advance Your Wealth With Homer Smith provides you and your business with the financial advice needed to make calculated decisions moving forward. With over 18 years of industry experience, Homer Smith, Private Wealth Advisor with Konvergent Wealth Partners, understands the importance of a commitment to customer service and strives to help clients pursue their financial goals towards aspirations and retirement.

Each episode we'll take a deep dive into a different complex topic surrounding personal and business wealth management. So sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics.

Investment advice offered through Integrated Financial Partners, doing business as konvergent wealth partners, a registered investment advisor.