Affluent families

Financial planning for families

A little boy running in front of his parents

At Theodor Hennessey & Ross Private Wealth Management, we understand that family financial planning is about more than money—it’s about securing your loved ones’ future and fostering a legacy that aligns with your values. Our approach focuses on two key priorities: helping you transfer wealth in a tax-efficient way that meets your goals and empowering the next generation to manage significant financial events, such as inheritances, with confidence and clarity.

Creating connections through meaningful conversations

Effective wealth planning starts with open communication. We create a comfortable space where your family can share their hopes, concerns, and long-term goals. By listening carefully, we gain insight into your family’s dynamics, allowing us to craft an investment strategy that reflects your present needs and future aspirations.

Building a purposeful legacy

A family hiking on the side of the mountain

Your legacy isn’t simply about passing on wealth—it’s about how that wealth can shape the lives of your children and grandchildren. We help you design an estate plan that outlines what you wish to leave behind and how you want it to be used. Whether you prefer structured guidance or more flexibility, your estate plan will reflect your wishes and provide clarity for your heirs.

Preparing the next generation for success

Our multi-generational approach ensures that your heirs are well-prepared for sudden-wealth events and the responsibilities that come with financial independence. We provide tailored guidance to help them make informed decisions, strengthening their ability to manage and grow their inheritance. By aligning family goals and fostering open communication, we help create a shared vision that supports your family’s future.

At Theodor Hennessey & Ross, we’re committed to helping you create a financial legacy that strengthens your family, supports their ambitions, and honours your values across generations. Let us guide you and your loved ones toward lasting financial security and peace of mind.

While working together, clients and their families not only benefit from a lower fee, but they also have peace of mind that their kids and grandkids receive strong financial advice, helping them through life’s challenges. We will be there to help reduce the overall family tax burden, and transition family wealth while protecting it for the next generation. Here are just some of the key areas in which we assist high net worth families:

Family trust

A family investment trust might be right for you if you have cash and investments that are not needed to fund your own lifestyle needs, plus a desire to either establish an investment fund for the next generation or provide funding for schooling or other extra expenses for a child or grandchild. A family investment trust can enhance the accumulation of capital for children or grandchildren in a tax efficient manner and reduce the after-tax cost of paying for their non-essential expenses.