08.20.24
Northern Trust and Greenlight To Educate HNW Families on Financial Literacy
by: Gloria Mathias
Northern Trust has partnered with Greenlight Financial Technology to help the next generation within high-net-worth (HNW) families navigate their financial futures. Research conducted by the Northern Trust Institute found that 79% of HNW families have provided their children with access to financial education, but 48% are still concerned about the next generation’s preparedness to manage wealth. "Children need hands-on money management experience to prepare them for a lifelong journey of financial responsibility,” said Pam Lucina, chief fiduciary officer for Northern Trust. “The best way to instill the habit of saving money and making wise spending choices is to create teachable moments intentionally.” Greenlight’s platform teaches children how to earn, save, give and spend wisely, with parental supervision.
Read the full article on IBS Intelligence