Statistics reveal that 70% of wealthy families lose their wealth by the second generation, and 90% have exhausted it by the third. For families who have spent decades building successful businesses, accumulating real estate portfolios, or generating substantial income, this signifies a devastating erosion of wealth legacy.

However, according to Steven Bowles, CLU®, founder of Catalyst Advisory, this outcome can be avoided. After spending seven years working within a family office advisory group that serves ultra-high-net-worth families, Steven has seen firsthand what distinguishes families who create lasting legacies from those whose wealth dissipates within a generation or less than two.