As a Hill client, part of why you’ve engaged us is to shield you from the behavioral mistakes that plague even the most intelligent investors. We’re all human. If you have friends, family, or others that you care about who don’t work with us, you may want to share the attached list of “Tips for Avoiding the Top 20 Common Investment Mistakes” published by the CFA Institute.

The Financial Times recently profiled master communicator, chief investment officer, and co-founder of AQR, Cliff Asness. His quotes often get our attention and this short clip is no different. “You get paid and you create value by doing something that is good and sticking with it like grim death.”  Click here to read the article.

We talk frequently about the importance of a well-designed estate plan, but equally valuable is your communication with the next generation. In a recent publication from Vanguard, they pointed out three commonly missed factors associated with a successful transfer of wealth:

• Strong communication and a sense of trust among family members
• Thorough preparation of heirs
• A cohesive purpose for family wealth

A family mission statement provides the perfect template for achieving success in these areas. As a start, we encourage you to think about what enduring values around money persist in your family’s history? We have tools and resources to share in the months ahead, but consider this question until next time.