AssetMark Financial Holdings Inc

AssetMark Financial — AssetMark Platinum Summit 2024

7 slides from AssetMark Financial's conference presentation, 2024

  1. Slide 1: Generational Wealth Interactive Session

    Generational Wealth Interactive Session Guiding the great generational wealth transfer Presented by: Caroline McKay | Managing Director, Senior Wealth Strategist, CIBC Private Wealth Stacey Delich-Gould | Senior Vice President, Trust and Estate Services, Capital Group Private Client

  2. Slide 2: The great generational wealth transfer is here

    The great generational wealth transfer is here • In 1989, total family wealth in the U.S. was approximately $38 trillion, adjusted for inflation. • By 2022, that wealth more than tripled, reaching $140 trillion. • Of the $84 trillion projected to pass from older Americans to millennial and Gen X inh

  3. Slide 3: Historical estate tax exemptions

    Historical estate tax exemptions Estate Tax Exemptions & Tax Rates: 2000-2026 (projected*) 16,000,000 60% 14,000,000 50% 12,000,000 40% 10,000,000 8,000,000 30% 6,000,000 20% 4,000,000 10% 2,000,000 0 0% Estate Tax Exemption (projected in blue) Tax Rate * Assumes 3% inflation for projected exemption

  4. Slide 4: Family money conversations

    Family money conversations Key considerations: 1. Education 2. Transparency 3. Family meetings/briefings 4. Governance/Succession 5. Philanthropy FOR PUBLIC USE 3

  5. Slide 5: Bridging the generational gap and communications

    Bridging the generational gap and communications Ages 18-21 Age 22+ Committed Business ownership Philanthropy Parenthood relationships • Durable • Budgeting and • Prenuptial • Implement/update • Liability protection • Family mission powers savings agreements estate planning • Choice of entity statem

  6. Slide 6: Protecting family wealth and leaving a legacy

    Protecting family wealth and leaving a legacy Common planning strategies: 1. Gifting program 2. Irrevocable trusts 3. Family LLCs 4. Life insurance 5. Philanthropy 6. Business succession 5

  7. Slide 7: Disclosures

    Disclosures CIBC Private Wealth Management includes CIBC National Trust Company (a limited-purpose national trust company), CIBC Delaware Trust Company (a Delaware limited-purpose trust company), CIBC Private Wealth Advisors, Inc. (a registered investment adviser)—all of which are wholly owned subsi

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