EP 174 | Wealth Building Is A Family Business With JR Gondeck – Connecting Podcasts with Listeners & Subscribers From All Over the World!

EP 174 | Wealth Building Is A Family Business With JR Gondeck

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The idea of leaving something behind for the next generation extends beyond just providing for their needs When we aspire to leave a lasting legacy we work hard to make sure everything is set What if everything you have built is gone after a couple of generations On this episode of the Passive Income Attorney Podcast Seth welcomes JR Gondeck from the Lerner group for a thorough discussion of building generational wealth and the strategy that includes family members in financial planning You see families evolve over time A lot of estate plans were in order but there just wasn t any communication The money was made but it wasn t transferred and the legacy wasn t transferred There just wasn t a lot of family communication -JR Gondeck HIGHLIGHTS Here s a breakdown of what to expect in this episode JR s Story From picking stocks to wealth management On family communication and legacy transfer A family approach and simplifying the net worth statement Talking points to keep the family involved On proactive gifting and preparing the next generation Strategies for passing wealth and Trust as a vehicle On family meeting financial planning and everyone on the same page The mistake of not establishing family communication On current outlook inflation and future investment plans On advising clients to diversify their portfolio Fiduciary Advisor versus Traditional Advisor Traditional versus Alternative Investments Evolution of financial planning for retirement On being healthier taking time off and productivity JR s Freedom Four ABOUT JR GONDECK As a Partner and Managing Director with The Lerner Group JR works with families to promote intentional communication and drive collaboration between all generations JR leads investment research and is responsible for shaping strategic policy He leverages his deep knowledge of the global financial markets and passion for investing to guide clients through market trends JR joined the investment industry in 2003 with Morgan Stanley where he facilitated the transformation from working primarily with institutional investors to private high net worth families Over time JR expanded The Lerner Group s investment strategies to provide more comprehensive solutions for the diverse needs of clients JR led The Lerner Group s transition to HighTower in 2012 to further enhance solutions available to meet client needs An advocate of financial literacy JR hosts family meetings to connect with next generations He and his partner Vanessa N Martinez recognize the importance of intentional communication to pass on a legacy wealthier than money In their recently published book Family Value at Risk they share critical insights on the risks and rewards of wealth planning From the pitfalls of typical advising to the crucial conversations necessary to ensure your plan reflects your wishes this book is a must-read for anyone concerned about their family s financial future and legacy CONNECT JR GONDECK JR Gondeck s Website https familyvalueatrisk com LinkedIn https www linkedin com in jr-gondeck Twitter https twitter com GondeckJr ABOUT SETH BRADLEY Seth Bradley is a real estate entrepreneur and an expert at creating passive income while working as a highly paid busy professional He s closed billions of dollars in real estate transactions as an attorney and investor He s the Managing Partner of Law Capital Partners a private equity firm focused on value-add real estate acquisitions and development He s a former big law attorney most recently practicing in the real estate and securities department of a top 3 globally-ranked law firm He s also the host of the Passive Income Attorney Podcast educating attorneys and other professionals on how to stop trading their time for money so that they can practice when they want to not because they have to CONNECT SETH BRADLEY Don t Know Where to Start www sethpaulbradley com Download The Freedom Blueprint www attorneybydesign com Subscribe and Leave a Rating and Review Apple https podcasts apple com us podcast the-passive-income-attorney-podcast id1543049208 Spotify https open spotify com show 5a0Qp9G2x337nZCDWoVgoO si MKn01 t8Tfu0JBZCnagrCw Websites Coaching www passiveincomepro io Legal www syndicationshop com Podcast www passiveincomeattorney com Investing www lawcapitalpartners com Follow Us LinkedIn www linkedin com in sethpaulbradley Facebook www facebook com passiveincomeattorney Instagram www instagram com passiveincomeattorney YouTube www youtube com sethpaulbradley TikTok www tiktok com passiveincomeattorney Click here to visit this podcast episode