A Refined Approach to Philanthropy
Lesley Draper, Partner, Wealth Advisor shares the impact of strategic planning in helping clients give more effectively to the causes they care about most.
With the ultra high net worth clients, charity's always been a part of their life and their lifestyle. It's just as their wealth has grown, it's become a bigger part because they have more dollars to give away.
I'm Leslie Draper and I'm a partner and wealth advisor with Corient. When you model out somebody's ability to give, what you end up finding is clients tend to have more assets than they ever expected, and by doing the financial modeling that needs to be done and using the various strategies that are available to a client to effectuate their charitable gifts, you find that the dollars become exponentially larger.
That's actually where the light bulb goes on for a lot of my clients, and that's what gives me the most excitement is when I show them how much they can actually give to a nonprofit or to a cause that's really important to them, and it's always more than they ever expected, and that's really the important part of the planning, is being able to do that work.
Disclosure:
Advisory services from Corient Private Wealth LLC (“Corient”), a registered investment advisor (“RIA”), are regulated by the SEC and offered in jurisdictions where the RIA is registered. Registered does not imply skill level, training, or approval by the SEC.
Investing involves risk. Visit Corient.com to read the read the Disclosure Brochure & form CRS before investing.
Financial modeling will yield different results depending on variables and assumptions. Past performance does not guarantee future results; investment goals may not be realized following advice based on projections.
