Building Healthy Relationships with Family and Wealth

A recent UBS study revealed that 59% of widows and divorcees regret not being involved in long-term financial planning when they were married, and 98% would advise other women to take an active role in finances immediately[1]. With women’s wealth set to outpace global wealth over the next several years[2], it’s never been more important that women are prepared to confront their financial futures.

Marina Vaughan Spitzy, Director and Founder of Tecolote Advisory, a firm that specialises in helping women and their families take stewardship of their finances, experienced the struggle with wealth management first-hand when her family was faced with the sudden loss of her father — an increasingly common succession scenario. In this episode, Marina talks about how her family’s experiences motivated her to help others build healthy relationships with wealth in the family, what kind of education is required to give everyone the same level of understanding and access, and why it all is so essential for the success of multigenerational legacies. 

[1] https://www.ubs.com/content/dam/WealthManagementAmericas/documents/2018–37666-UBS-Own-Your-Worth-report-R32.pdf

[2] https://www.bcg.com/publications/2020/managing-next-decade-women-wealth