www.privateairny.com Private Air New York | Winter 2016
47
WEALTH MANAGEMENT
What Are the
Top Wealth
Management
Secrets?
Start with
Common Sense
By: Steven Abernathy
F
amilies who maintain and grow their
wealth generation after generation
take a multi-disciplinary approach
to wealth management. While there
is no "one size fits all" rule, these
fundamentals are worth noting:
e first area, growing, preserving and
transferring wealth, is generally well known.
Affluent families employ the best possible teams
they can to manage their wealth. Asset protection,
asset allocation and capital appreciation require
attention. ere's no substitute for a financial
strategist, with an audited track record of personal
investment history, supporting you with ideas
you wouldn't have found otherwise, to act as an
objective facilitator. S/he also acts as an intelligent
sounding board (at times playing devil's advocate)
as investment strategies and ideas are reviewed.
