How Private Bankers Lose the Kids and Never Know It
The generational transfer begins before the patriarch is even seventy.
We are not the quintessential know-it-all international experts in generational wealth transfer. We are a house with some experience in the area that also happens to have always done our homework steadfastly. To help keep us abreast, we also run Markets Edge, Sports Edge, Voyage Edge, The Briefing, and Fending — reporting every three hours — and we have a little more than most in the way of real-world experience serving the layer of relationships this paper describes.
This is a working operator's field notes, never the definitive treatise. The human interaction and a little humble kindness should never get undersold. You literally never know exactly whose money you are interacting with unless it's your own; and let's be honest, most people don't notice until it's too late who funded the fund.
If something in here contradicts what you've seen on the floor, yours is probably more accurate — and we'd like to know.
— The House · Virginia Beach · Hako Shikin LLC
1 · The Quiet Handoff
By the time the grandkids inherit, they have already chosen their advisors. The firms that serve the principal for thirty years lose the next generation in the eighteen months before the patriarch's seventy-fifth birthday. Private bankers think they're being retained by legacy; they're actually being evaluated by the heirs' peers.
You are not being retained by legacy. You are being evaluated by the heirs' peers.
Full paper is in progress. This abstract will expand within seventy-two hours.