Second Generation Wealth

What Do You Want for Your Kids?

J. Ted Oakley

Manage and sustain generational wealth.

The advantages that come from inheriting wealth are undeniable. Best case scenario, it provides access to excellent education, safety, comfort, and financial stability. If handled incorrectly, however, such wealth can be detrimental to the inheritor’s development, relationship with their benefactor, and the fortune itself. All too often, a child receives their parent’s fortune without knowledge of how it was earned or appreciation for its value, and they fail to sustain the wealth for the following generations as a result.

While first generation wealth earners can’t entirely control what will happen to their estate once it’s in the hands of their successor’s, their actions can be a positive influence to help ensure that the money becomes a force for good in the generations that follow. Second Generation Wealth identifies the best practices for properly preparing your children to inherit wealth, manage it responsibly while maintaining their self-worth, and foster a promising family legacy.

J. Ted Oakley, founder and managing partner of Oxbow Advisors, began his career in the investment industry in 1976. The Oxbow Principles and the firm’s proprietary investment strategies are founded on the unique perspective he has gained during his decades-long tenure advising high-net-worth investors. Ted’s investment advice provides principled guidance to investors from more than 40 US states. He frequently counsels former business owners on protecting and wisely investing their newly liquid wealth. Ted is the author of several other books, including Rich Kids-Broke Kids, Crazy Time, $30 Million and Broke, My Story, Wall Street Lies, Danger Time, The Psychology of Staying Rich, Your Money Mentality, You Sold Your Company, and Stay Rich with a Balanced Portfolio.