As the complexity of managing inherited wealth increases, forward-thinking wealth management firms are recognizing the need to actively prepare the emerging generation. While foundational financial knowledge remains critical, today's training demands a holistic mix of leadership, communication, and hands-on experience.
Tailored Learning Experiences
At Select Advisors Institute, we design highly personalized programs—bootcamps, internships, retreats—aligned to the culture and needs of each family and firm. Core components include:
Financial strategy & investment training: covering tax efficiency, private markets, digital assets
Leadership & governance: emotional intelligence, decision-making, family council facilitation
Philanthropic planning: mission-focused giving aligned with values and legacy
Tech fluency: AI, data analytics, and digital tools for future-focused stewardship
Why Prioritize Next-Gen Training
Statistics show that approximately 70% of wealth is lost by the second generation due to a lack of preparation. By offering robust programs, firms:
Deepen client loyalty
Embed family values into wealth strategy
Strengthen intergenerational communication
Enhance advisor retention through impactful services
Enabling Real-World Application
We incorporate realistic simulations and live case studies into our curriculum—participants negotiate family business challenges, allocate philanthropic funds, and allocate across asset classes. AI-enabled platforms and peer collaboration reinforce experiential learning.
Cultivating Continuous Growth
Our support extends beyond training modules, with ongoing mentorship, coaching, and alumni networks that help sustain development long-term.
The Value for Wealth Management Firms
Firms that prioritize next-gen training differentiate themselves in a competitive marketplace. Offering unique, customized programs helps:
Provide value-added services beyond traditional advisory
Create succession-ready families and leaders
Establish a legacy of trust and long-term collaboration
Conclusion
Developing the next generation of wealth stewards transcends financial education—it’s about instilling leadership, operational sophistication, and tech-enabled strategies to maintain and grow legacies. Select Advisors Institute’s customized programs ensure heirs are not just prepared, but empowered to lead confidently into the future of wealth management.
Best skills-based training for financial advisors: a practical Q&A guide on top skills, formats, measurement, budgets, rollout steps, and how Select Advisors Institute (since 2014) helps firms build repeatable advisor behaviors that drive revenue and client satisfaction.