About The Author ——
STEVE BRAVERMAN is a Co-Founder, former Co-CEO, and now Co-Chairman of Pathstone, an independently operated partner-owned advisory firm providing objective advice to families, family offices, and select institutions. Pathstone’s objective is to help clients create, manage, and preserve wealth across generations. Steve manages his own family’s single-family office and therefore knows wealth management and its related issues from both the client and the client service sides, and he enjoys sharing that knowledge whenever possible.
From his personal and professional experience, Steve Braverman has learned that wealth management and transfer needs to be defined by far more than just numbers. Personal and professional experience has a number of white papers highlighting how families of taught him that much more goes into creating a successful legacy. With Your Time with the Baton he moves beyond the basics of setting up a trust and having good investments to the challenges of communicating with family about what is often a difficult subject.
Steve makes it clear that everyone involved in managing, consuming, and transferring family wealth needs to think about what wealth means, what the family values are, why the grantors want to pass their money on, and what the inheritors want to do with it. They need to establish an ongoing dialogue that takes each person involved seriously.
Ultimately, all of these people will function best as part of a team, like runners in a relay race, working together, listening to, learning from, and celebrating each other, thereby making the individuals on the team more fulfilled and the team more successful—and, he hopes, also contributing to society in creative and lasting ways. That is a legacy that anyone can be proud of.
An independently operated partner-owned advisory firm providing objective advice to families, family offices and select institutions.
Pathstone is an independently operated partner-owned advisory firm, offering families, family offices and select nonprofit institutions comprehensive family office services and customized investment advice. Pathstone’s objective is to help clients create, manage and preserve wealth across generations. Pathstone integrates smart innovative programs with its traditional family office services to provide solutions that withstand the test of time.