Do You Need A Family Financial Roundtable?

Do You Need A Family Financial Roundtable?

May 10, 2022

As the Silent Generation and Baby Boomers age, they are gearing up to pass anywhere from $30 to $68 trillion of wealth to the next generation. (1) Transferring wealth can be a complicated process, especially if the younger generation is unprepared to manage the finances. 

At Anderson Financial Strategies, we understand that open communication and proactive planning can mean the difference between a smooth transition and one plagued by taxes, fees, and wasted time. That’s why we offer family financial roundtables, where multiple generations can discuss their feelings and preferred strategies for wealth. If you are considering passing wealth to the next generation, here are 3 ways a family financial roundtable can help you make the most of your legacy for years to come.

Communicate Your Values

Perhaps the most influential part of our family financial roundtable is that it facilitates open communication of your family’s financial values. Sometimes our roundtable is the very first time families have had the chance to fully express their feelings, fears, and desires around wealth. These discussions can give parents a chance to pass on more than just their wealth. They can also pass on their knowledge, values, and goals, providing their adult children with a road map that can be used to navigate the many financial decisions they will need to make on their own in the future. 

We have helped many clients bridge the gap between generations, navigating conversations around financial literacy and inheritance. Bringing in a trusted wealth manager to facilitate these discussions can not only help keep emotions in check but also provide an objective perspective. Our goal is to improve the entire family’s knowledge about wealth so that it can last for generations. 

Alleviate Stress

Many of our clients worry about their kids’ financial status. But what many of them don’t realize is that their adult children also worry about them. Questions around family wealth are a major source of anxiety for both generations. Our family financial roundtable is a great way to shed light on the situation, bringing clarity for everyone involved and alleviating the stress of the unknown. 

Clients and their children often leave these discussions with a renewed sense of confidence about the future, comfortable that they fully understand their family’s financial strategies for transferring wealth. Our roundtables have been so successful that we even make them a requirement for adult children to become clients of our firm.

Make Better Financial Decisions

Our family financial roundtables are a great way to make better financial decisions, not just in your lifetime but for generations to come. What better way to make the most of your wealth than to ensure you are leaving it to family members who are in sync with your financial values and also equipped to manage your funds wisely? This is the goal of our roundtable discussions: providing financial guidance and education to the next generation so that you can rest assured that your hard-earned wealth is in good hands. 

Through proactive estate planning and tax minimization strategies, we help our clients design and implement personalized wealth management plans and communicate these strategies to their children.

Are You Ready for a Family Financial Roundtable?

At Anderson Financial Strategies, we can help you bridge the gap between generations and leave a legacy you can be proud of. If you’re ready for a family financial roundtable, we would love to hear from you! Please call us at 855-237-4545 to schedule an executive briefing to discuss your goals.

About Shon

Shon Anderson is president and chief wealth strategist at Anderson Financial Strategies, LLC with over 15 years of experience. As a fiduciary, Shon’s mission is to provide his clients with quality financial expertise along with rapidly responsive service through an honest relationship. He specializes in providing family office-style services to help his clients organize and focus their financial life. Shon graduated from Wright State University with a bachelor’s degree in financial services and an MBA in finance. He is a CERTIFIED FINANCIAL PLANNER™ practitioner and holds the Chartered Financial Analyst® (CFA®) certification. His insights have been quoted in leading financial news publications such as CNBC, Yahoo Finance, Fox Business, Consumer Reports, Forbes,, Investment News, and Kiplinger. Shon serves as an adjunct professor teaching personal finance courses at Wright State University, leads CFP® exam review courses for Keir Educational Resources, and is president of the CFA Society Dayton. Shon and his wife, Jessica, reside in Sugarcreek Township, Ohio, and are blessed with triplet daughters, Elizabeth, Bridgette, and Alexandra, along with their son, Jacob, and dog, Jack. Over the years, Shon has been involved in several volunteer organizations including the Wright State chapter of Delta Tau Delta as an alumni advisor and was a Big Brother in the Big Brothers/Big Sisters program. To learn more about Shon, connect with him on LinkedIn.