Regan says “strategic philanthropy” is one key to building a legacy

Crain’s Chicago’s 2018 Executive Guide on Wealth Management features an interview with Cresset Wealth Advisors’ CEO Doug Regan in the article “How to build a lasting legacy”.  Doug elaborates on his view that investors should engage in “strategic philanthropy”: in other words, establish a legacy that inspires the same passion and commitment in the next generation as that which went into creating that wealth in the first place. The money itself is not the legacy, in Regan’s view; the true legacy is the values instilled by setting a good example through the strategic deployment of that money to important causes and uses.

Link to full article here.

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Cresset is an independent, award-winning multi-family office and private investment firm with more than $45 billion in assets under management (as of 04/01/2024). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, giving you time to pursue what matters to you most.

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