Adviser Investments and Polaris Wealth Advisory Group are now RWA Wealth Partners.

How To Make Your Family Wealth Last Through the Generations

Many prestigious families throughout history lost their fortunes within just a few generations. Consider the Vanderbilts, whose fortune originated in the railroad industry. In the 19th century, their wealth amounted to a staggering $200 billion1 in today’s money. However, once the grandsons inherited that wealth, they squandered it on lavish Gilded Age mansions2 and expensive…