Investment Advice: Teach your children well

Andy Muldoon

In 1970, Teach Your Children, a song written by Graham Nash, was released by Crosby Stills, Nash & Young on their album Déjà Vu. The song was prompted by a photograph Nash had seen depicting a child with an angry expression holding a toy weapon in Central Park.

Fast forward 46 years, and Nash's song seems equally as important when considering the massive transfer of wealth that is going to take place over the next few decades. Some estimate that a staggering $30 trillion in wealth will soon be transferring from Baby Boomers to Generation X to Millennials.

So 2016's question is: Are we teaching our children well? We have always found that most clients want their children to have the best opportunities.