Tag: wealth management

Engaging the next generation

Posted By Kevin Dean On December 18th, 2012

At the end of November we held our launch event for NextWave, Newport Private Wealth’s initiative for young adults to help them become better equipped at managing wealth.

We had a tremendous turnout with over 40 young adults in attendance for an evening of networking and a brief introduction to the concept of NextWave, as well as introductory topics that will lead into our future events. Feedback from attendees was enthusiastic: “These are exactly the kinds of questions I have but I don’t know who to talk to” and “I was so happy that I actually understood what you were talking about because I feel totally underprepared when it comes to financials”.

The feedback confirmed our belief that there is a strong desire to learn. Young adults want to take more responsibility, but with little in hard financial assets early in their careers they feel like they don’t have access to qualified individuals to discuss their concerns. [read more >>]

Tags: Children and Money, NextWave, wealth management

Catalyst funding… for families?

Posted By David Lloyd On December 5th, 2012

‘Catalyst funding’ is a notion commonly associated with business, health care and even the not-for-profit sector. It describes investments that are made to accelerate the development of an innovation or strategy. The theory being that with such funding, desired outcomes can be achieved faster or perhaps on a larger scale.

At Newport Private Wealth, we’ve coined the term catalyst funding to describe various strategies used by families to give their children a ‘leg up’ and as a means to educate them to better manage their finances. It’s a different way to think about how you provide financial support to your children – purposefully, strategically and objectives based.
[read more >>]

linkedin Catalyst funding… for families?

Tags: catalyst funding, wealth management

Values based wealth management

Posted By Kelly Willis, Editor On May 29th, 2012

Earlier this month, we hosted another in our series of Inside the Tent events for clients and friends. This time the topic was personal: Net worth. Self worth. What values will you pass on?

How do we make sure our money doesn’t mess up our family?

How much financial support should we give our kids?

How do we create a sense of generosity and not entitlement?

[read more >>]