You Can't Always Get What You Want: Talking with Children about Wealth and Entitlement

Overview

Many wealth management clients often encounter the same issue—they want to know how to prevent their children from becoming entitled. From consulting with therapists, a parenting coach, and an early education specialist, there are five consistently identified principles to help parents raise more self-reliant children and sidestep the entitlement trap. The encouraging takeaway is it’s never too late to start this work with your children.

Advisor Thinking