A PRIVATE WEALTH ADVISOR’S GUIDE
to Multigenerational Wealth
Managing multigenerational wealth is more than just growing assets—it’s about ensuring financial security, protecting legacies, and passing down values along with wealth. At Esteem Wealth Partners, we help families implement strategies that secure their financial future while preparing the next generation for responsible stewardship.
FINANCIAL SECURITY IN RETIREMENT: Planning for Longevity
Thanks to advancements in health care, many of us will live healthier and longer lives, and we are experiencing it firsthand with our elders. Take my wife’s grandmother for instance: Nan turned 102 years old in January and decided not to renew her driver’s license because she didn’t want to be bothered with retaking the driving test. Ensuring a comfortable retirement that can last into our hundreds while preserving wealth for future gen-erations requires careful planning. A well-struc-tured retirement plan includes diversified income streams, tax-efficient withdrawal strategies, and a long-term investment approach. By integrating insurance, investments, and tax-advantaged ac-counts like IRAs and Roth IRAs, families can maintain financial independence while ensuring that as-sets remain intact for heirs.
PORTFOLIO DIVERSIFICATION: Balancing Growth and Stability
A diversified portfolio is essential for protecting wealth from market fluctuations and economic un-certainty. Strategic asset allocation across equities, fixed income, real estate, and alternative invest-ments can provide stability while maximizing re-turns. Affluent families should also consider private equity, private credit, and hedge funds to create a well-rounded portfolio that aligns with their long-term goals.
ESTATE PLANNING: Protecting and Passing Down Wealth
Many people think of estate planning as where their assets will go when they die through beneficiary designations, but it also includes strategic owner-ship titling for assets and insurances. Households with a net worth above the estate tax lifetime ex-emption ($13.99 million per individual or $27.98 million for married couples in 2025) should contem-plate gifting assets while living to minimize future taxes and optimize legacy to beneficiaries. Without a proper estate plan, wealth can be significantly di-minished by taxes, legal battles, and mismanage-ment. Establishing wills, powers of attorney, and the proper types of trusts for your situation ensures that assets are distributed to the right beneficiaries, at the right time, in the right way, with minimum expense and delay. Additionally, open communication about inheritance plans helps prevent disputes and prepares heirs for financial responsibility.
PHILANTHROPIC ENDEAVORS: Creating a Meaningful Impact
Many families incorporate philanthropy as part of their legacy, ensuring that their wealth benefits both their descendants and society. Donor-advised funds, charitable trusts, and private family founda-tions allow for strategic giving while providing tax benefits. Encouraging younger generations to par-ticipate in philanthropy helps instill financial disci-pline and a sense of social responsibility. By inte-grating financial security, strategic investing, estate planning, and philanthropy, families can build a last-ing legacy. Multigenerational wealth management is not just about preserving assets—it’s about foster-ing financial literacy, responsible stewardship, and a shared vision for the future.
ESTEEM WEALTH PARTNERS
26 Origins Main St., Rosemary Beach | (513) 520-5907 | EsteemWealthPartners.com
About the Author
Headquartered in Cincinnati, Ohio, Esteem Wealth Partners, a Northwestern Mutual Private Client Group, expanded to 30A when Brent Shaw, Co-Founder, opened a new office at Watersound Town Center in January 2024. Shaw and his partners at Esteem are dedicated to delivering comprehensive financial solutions. They serve a diverse clientele, including executives, business owners, physicians, and retirees, tailoring wealth management plans to achieve optimal outcomes and financial security. Shaw holds multiple designations, including Certified Financial Planner (CFP®), Wealth Management Certified Professional (WMCP®), and Retirement Income Certified Professional (RICP®). He has been individually recognized by Forbes Best In-State Financial Security Professionals, ranking in the top 10 in the last three consecutive years. Esteem has also been named Forbes Best-in-State Wealth Management Teams in 2024 and 2025. At Esteem, their mission is to empower you to make impactful financial decisions while exceeding your expectations. To schedule an initial consultation, feel free to contact Brent Shaw directly at brent.shaw@nm.com or 513-759-8810.
Brent Shaw uses Esteem Wealth Partners as a marketing name for doing business as representatives of Northwestern Mutual. Esteem Wealth Partners is not a registered investment adviser, broker-dealer, insurance agency, or federal savings bank. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM) and its subsidiaries. Investment advisory services provided as advisors of Northwestern Mutual Wealth Management Company® a subsidiary of NM and federal savings bank.
This publication is not intended as legal or tax advice. Financial Representative do not render tax advice. Consult with a tax professional for tax advice that is specific to your situation. Forbes Best-In-State Financial Security Professionals list (July 2022,2023,2024), Research and ranking provided by SHOOK Research, LLC. Based upon data as of June 30 of the preceding year. Forbes Best-In-State Wealth Management Teams (January 2024, 2025), Research & ranking provided by SHOOK® Research, LLC – Data as of 3/31/2024. Northwestern Mutual and its advisors don’t pay for placement on third party rating lists but do pay marketing fees to these organizations to promote the rating(s). Rankings and recognitions are no guarantee of future investment success.
