Wealth, Identity, and the Unspoken Challenges of Success

On this episode, I'm joined by Aaron Bates, Head of Bernstein's Ultra-High-Net-Worth practice. We discuss some of the key findings from his team's recent research study on how families think about wealth, as well as some of the more emotionally charged issues for wealthy families. Aaron discusses what he learned from speaking directly with UHNW families through the extensive research process. He shares how the desire and need for financial privacy can lead to a feeling of isolation; how a liquidity event or transaction can create questions around identity; as well as how to talk about money with the next generation.

Any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.

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