Tag: wealth

Facet Wealth review: Should you use it?

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  • Facet Wealth is best for someone who needs comprehensive financial planning and has modest or sizable assets, although there is no minimum balance requirement.
  • The firm offers the same services as a standard financial-planning firm, except that it’s all done virtually — meetings take place via phone or video calls, and data gathering is done by email and in an online portal.
  • Facet Wealth uses a goals- and values-based approach and emphasizes implementing recommendations at the client’s pace.
  • Clients pay a fixed, flat fee on par with the industry average for ongoing access to a dedicated Certified Financial Planner, and the first three onboarding meetings are free.
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Wealth Managers Champion Inclusivity And Collaboration In Financial Planning

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JR Gondeck and Vanessa Martinez Release “Family Value at Risk” with ForbesBooks

This release is posted on behalf of ForbesBooks (operated by Advantage Media Group under license.)

NEW YORK (October 13, 2020) — JR Gondeck and Vanessa Martinez, partners and managing directors at The Lerner Group, today announced the publication of Family Value at Risk: Inclusive Communication to Pass on Your Family’s Wealth and Legacy. The book is published with ForbesBooks, the exclusive business book publishing imprint of Forbes.

With Family Value at Risk, co-authors JR Gondeck and Vanessa Martinez describe wealth beyond monetary value. It takes a comprehensive view of wealth, including family and legacy, as well as the wider community. This holistic approach to wealth management prioritizes a family’s overall wealth—derived from multiple aspects of life—because, according to Gondeck and Martinez, focusing only on money puts the entire family’s value at great risk.

The Family Value at

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4 ways young people can start building wealth, even in a recession

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It may sound crazy to talk about building wealth during a recession in which millions are struggling with unemployment and paying their bills. But financial expert Patrice Washington says that not only can Americans dig themselves out of debt right now, they can take steps toward building long-lasting wealth. 

“It’s really hard to think about how you can build wealth in the midst of a recession, and I think that a lot of times we assume it’s about being a millionaire,” Washington tells CNBC Make It.

But it’s not. Building wealth is all about having the right mindset, Washington says. “A recession is how I actually built my whole life and career,” she says. “I lost everything in the Great Recession and had to start over from scratch.”

Here are four approaches Washington recommends working on now to set yourself up for financial success.

1. Forgive yourself

To really move

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