Family Values

Many financial institutions are conducting seminars, camps and work shops for the 20-30 age group of very wealthy families. Usually with assets of a $100m and up. J.P. Morgan invites young adults to their Next Generation Leadership seminars.  Citigroup Private Bank runs a course focusing on children of their wealthy clients.  Wachovia, Lehman Brothers, and Northern Trust just to name some more do similar things.

One topic that is usually covered is philanthropy.  Families increasingly use their foundations to instill values and teach their children about money.  US Trust’s programs includes worksheets that prompt attendees to ask questions about philanthropy.  Some families let the children decide where they wish to give it and grant it.