Press release
Northern Trust Unveils “Secrets of Enterprising Families”
New book for clients shares insights that foster lasting wealth across generations, grounded in Northern Trust Institute research CHICAGO--(BUSINESS WIRE)--
About this update from Northern Trust Corporation
[{"type":"text","content":"\nNew book for clients shares insights that foster lasting wealth across generations, grounded in Northern Trust Institute research\n\n\n CHICAGO--(BUSINESS WIRE)--\nNorthern Trust today announced the launch of Secrets of Enterprising Families, a 300-page book exclusively available to clients, prospects and professional advisors. The book draws from Northern Trust’s 135 years of experience serving many of the world’s most affluent families. Secrets provides insight into the nuances of wealth planning and management for multigenerational families, entrepreneurs, family businesses and others, and comprehensively explores the behaviors and practices essential for optimizing wealth during key phases of life.\n\n\n“As a confidant and advisor for over a century to enterprising families across several generations, Northern Trust has developed a differentiated and well-researched vantage point on wealth planning and optimization,” Northern Trust Wealth Management President Steven Fradkin said. “The book distills our insights into meaningful guidance aimed at enhancing clients' financial wellbeing and offers a rare peek into the ‘secrets’ and unique strategies that multigenerational families continue using to prepare themselves for life’s most significant moments.”\n\n\nSecrets of Enterprising Families seeks to empower current and future generations with the confidence and clarity necessary to navigate pivotal moments in life and answers some of the most fundamental and difficult questions such as:\n\n\n\nAt what age should I share my estate plan with my family?\n\n\n\nWhat if I share too much too soon?\n\n\n\nWhere do I start?\n\n\n\n“Secrets of Enterprising Families rebuffs professional jargon and provides real-life examples of how families have implemented wealth planning and philanthropic strategies in a manner that successfully fosters entrepreneurialism and transfers a growth mindset,” said Pam Lucina, Chief Fiduciary Officer, Northern Trust. “It also answers the ‘how,’ regardless of your starting point. Each chapter of Secrets provides insights on how to approach wealth planning through different chapters of their lives—from marriage and parenthood, to divorce and retirement. I am delighted to see Northern Trust’s unique expertise brought to life throughout the book.”\n\n\nKey themes addressed within the book include:\n\n\n\nPrepa...