Intergenerational Wealth Management
Today’s assets become the foundation of your family’s future. It’s your legacy. And you want it done right. The financial plans you make today have a significant impact on how much and how well your wealth and assets are transferred in the future. Our independent wealth advisers help ensure a smooth transition and tax-effective transfer of assets by putting the right structures in place to ensure your family is positioned for continued success. You spend a lifetime building your wealth. Make sure it’s in the right hands.
What is Intergenerational Wealth Management?
Intergenerational wealth management is the process of ensuring your assets are effectively structured, protected, and transferred to future generations. Unlike our Family Office services, which focus on ultra high-net-worth families’ comprehensive wealth management, intergenerational wealth planning is tailored to individuals and families looking to secure their financial legacy.
Life events such as marriage, the birth of a child, business succession, or retirement often trigger the need for this service. Without a well-thought-out strategy, families risk unnecessary tax burdens, legal disputes, or unintentional asset misallocation. Hewison Private Wealth provides expert guidance to help you navigate these complexities, ensuring your wealth is preserved and passed on according to your wishes.
Succession Planning
Succession planning is about ensuring a seamless transition of wealth and leadership within families or businesses. Whether you are passing down a family business or structuring your estate for future generations, our advisers help you develop a strategic, tax-effective plan that aligns with your goals.
For business owners, succession planning involves structuring ownership transitions, minimising tax implications, and ensuring business continuity. For families, it’s about protecting generational wealth and fostering financial literacy among heirs. Our tailored approach considers both financial and emotional factors, helping you create a legacy that endures.
Wealth Transfer
Transferring wealth involves more than just passing on assets—it requires careful planning to ensure financial stability and tax efficiency. Our experts help you establish trusts, optimise superannuation strategies, and structure asset transfers in a way that minimises tax liabilities and maximises the value of your legacy. We navigate the legal and financial complexities so you can focus on what matters most: ensuring your wealth benefits your loved ones. Without a clear plan, assets can be eroded by taxes, disputes, or inefficient structuring. We provide a roadmap for a seamless and secure wealth transition.
Inheritance Advice
Inheriting wealth can be a life-changing event, and managing it wisely is crucial. Whether you’ve received an inheritance, a financial settlement, or proceeds from a business sale, our advisers provide strategic guidance to protect and grow your newfound wealth. We help you navigate investment strategies, tax considerations, and long-term financial planning, ensuring your inheritance supports both your immediate needs and future aspirations. With expert advice, you can make informed decisions that preserve and enhance your financial security.
Navigating Tax Obligations
Tax considerations play a critical role in intergenerational wealth transfer. Without proper planning, a significant portion of your wealth could be lost to tax liabilities. Our independent advisers collaborate with tax professionals to structure transfers in the most tax-efficient way possible. From superannuation withdrawals to capital gains tax strategies, we ensure compliance with current tax regulations while maximising financial outcomes. Our expertise helps clients avoid common pitfalls and navigate the complexities of wealth transfer with confidence.
Our approach is built on understanding your personal and financial goals to create a tailored strategy for wealth transfer. We work collaboratively with your legal and tax professionals to ensure a seamless process.
Our Intergenerational Wealth Planning Process
01
Initial Consultation
We discuss your financial objectives, family dynamics, and long-term vision.
02
Strategy Development
We create a personalised wealth transfer plan that balances asset protection, tax efficiency, and legacy planning.
03
Implementation
Our advisers work with you to execute the plan, ensuring all legal and financial structures are properly established.
04
Ongoing Review
Wealth planning is dynamic. We regularly review and adjust your strategy to align with evolving goals and legislative changes.
The trust we have earned.
For over 40 years, Hewison Private Wealth has been a trusted partner in helping clients achieve financial independence and protect their wealth. Our independent, fee-for-service model ensures unbiased advice tailored to your best interests.
- Expertise & Independence – We are not tied to financial products, meaning our advice is solely focused on what benefits you.
- Bespoke Strategies – Every wealth transfer plan is custom-designed to align with your unique circumstances.
- Dedicated Relationship – You will have a dedicated adviser who provides continuous support and guidance.
- Proven Track Record – Our longstanding reputation is built on trust, transparency, and successful wealth transitions.
Our team of highly qualified advisers, including Certified Financial Planners (CFP®) and SMSF Specialist Advisers (SSA®) , provide expert guidance in intergenerational wealth planning.
What our customers say
I have always found our Hewison advisor, Chris Morcom, to give straightforward, honest advice. He has been very professional and has devised a strategy that has worked well for us with our super fund performing well through the inevitable ups and downs of financial markets. Highly recommended.
Ken Smirk
As a family, we can’t say enough about the exceptional service provided by Hewison Private Wealth. They truly stand out as industry leaders in financial management. The team is dependable and trustworthy, always prioritising the client’s best interests and, in our case, our family’s financial well-being. We have complete confidence in their expertise and would not hesitate to refer anyone in our network to Hewison. Castran Family.
Lachlan Castran
The staff and financial advisers have always operated very professionally and always have our interests forefront. But saying that they also treat us like extended family. So far all their advise has been reliable and profitable, with minimal risk which has been designed for us. We have no hesitation in recommending Hewisons to any of our friends and family, if they are interested in a SMSF or an investment advice.
Christine Gallagher
Where to find us
Our office is conveniently located on St Kilda Road, Melbourne, just minutes from the CBD, neatly nestled between Fawkner Park and Albert Park. Just 1.5km from the Royal Botanic Gardens and 3km from the Melbourne CBD, our office offers easy access for clients who live or work in Melbourne, and we offer virtual consultations for interstate and international clients.
When navigating to our office, you can opt to drive 10 minutes with limited on-site parking available. For those navigating via public transport, the 3, 5, 6, 16, and 67 tram routes will all bring you within a short walk of our office, taking no more than 15 minutes.
Common Questions
What is the difference between generational wealth and intergenerational wealth?
Generational wealth refers to financial assets passed down within a family over multiple generations, while intergenerational wealth focuses on the process of actively transferring assets from one generation to the next through strategic planning.
How much money do I need to create generational wealth?
The amount needed varies based on financial goals and family size. However, effective investment, strategic tax planning, and wealth protection strategies can ensure your assets endure for future generations.
What’s the difference between estate & succession planning?
Estate planning focuses on distributing assets upon death, while succession planning ensures a smooth transition of leadership and ownership in businesses or family wealth structures.
Why is intergenerational wealth transfer important?
Proper wealth transfer planning prevents financial mismanagement, reduces tax burdens, and ensures your legacy supports future generations in the way you intend.
When should I start wealth transfer and succession planning?
The earlier, the better. Planning proactively allows for tax-efficient strategies, structured transitions, and minimises risk.
How long should intergenerational wealth last?
With proper management, intergenerational wealth can last multiple generations. Without planning, assets are often depleted within two generations.
What role does insurance play in wealth transfer?
Insurance helps protect assets, cover estate taxes, and ensure financial security for beneficiaries, making it a critical component of wealth transfer strategies.