For high-net-worth clients, generational transitions can be fraught moments — implicating business ownership sales, control transfers, tax situations, philanthropic decisions and of course family dynamics. On the ABA Banking Journal Podcast — sponsored by R&T Deposit Solutions — Todd Brockwell, president of 1900 Wealth, offers strategies for bankers and wealth managers to help their clients navigate these transitions.
A veteran of family offices in central Texas, Brockwell discusses how bankers and wealth managers can effectively approach generational dynamics and difficult conversations. He also emphasizes the importance of education, especially for young people in these families. Brockwell offers practical examples of how wealth managers can add value in family transitions.
He also discusses the business model of 1900 Wealth and how it interacts with its “old school” parent, Jefferson Bank, a community bank in San Antonio.
- If you can’t see the audio player above, click here to listen to this week’s episode.
- Register for the ABA Wealth Management and Trust Conference, Feb. 21-23 in New Orleans.
This episode is sponsored by R&T Deposit Solutions.
In this episode: