Perpetually Looking Forward

Every holiday season we like to give thanks to those who helped make it another great year. From our outstanding clients to our innovative team, we have a lot to be grateful for. At Simon Quick, our mission is to give our clients the freedom to pursue what matters most to them, and this year we created a video to share our story and our purpose. This new video, below and on the homepage of our website, explains why we do what we do and what motivates us to serve our clients every day.

After taking a pandemic-induced hiatus, Simon Quick once again has office locations in New York City and on Long Island. Our firm has a long history of serving clients in the New York metropolitan area, so we are thrilled to offer the convenience of these locations to our clients and business partners.

Entrepreneurship isn’t for the faint of heart. There are so many issues to manage, like funding, personnel, and operations, it can be tempting to put the financial management of your business on the back burner. What’s more, the founder’s wealth is inherently linked to the success of the business, which can create a tangled financial web if you aren’t careful about setting up the proper systems.

In this panel discussion we discuss how to instill self-reliance, resilience, and respect for capital in the next generation. In the recording, the panelists consider how financial education, family values, and estate planning strategies come together to perpetuate family success for multiple generations.

As markets are unsettled with heightened concerns over rising costs and a slowing economy, we believe that commercial real estate can play a critical role towards diversification and stability in client portfolios.

Equity markets have been exuberant over the past several years, with the S&P500 generating mid-teen annualized returns and nearly doubling in value since the beginning of 2017. Private companies have taken advantage of this opportunity by going public at a record-setting pace, starting in the back half of 2020 and continuing through this year.

In this recent series of articles, we’ve been examining some of the factors that go into creating a family legacy, such as establishing and passing down family values and teaching responsible stewardship to future generations. We conclude this series with a look at certain structures that can help high net worth families protect their wealth so it becomes dynastic.

n this three-part series, we are highlighting what we view as the three tenets of maintaining family wealth: values, stewardship, and structure. If family wealth is to survive over many generations, each new generation must respect the assets earned and passed down from previous generations. This requires that family patriarchs teach responsible stewardship of the family fortune to their children and grandchildren.