We are very excited to share our knowledge and experiences throughout your legacy journey. As our name implies, building and protecting your legacy is at the center of everything we do. Legacies are universally applicable, as is this blog. We welcome the 99% from Main Street, High Street, and Your Street. The concepts illustrated on this blog are fundamental to building wealth. We will provide tangible tools for you and your family to achieve your legacy goals.

To many, a legacy is simply a function of wealth. A word about wealth,

Before we begin, know this – wealth is in the eye of the beholder. At Legacy Centric, we focus on the tools required to build and protect your wealth. My daughter started using some of these tools in high school when she did not have any wealth (to date her wealth is based on a combination of education, experiences, and relationships: not financial). Legacies are a long and winding journey - not a destination. You must enjoy the ride. Learn and master the basic tools in the early days when wealth seems out of reach, and you will evolve toward more sophisticated tools and strategies while you amass your version of wealth.

Legacies are defined by more than just wealth.

What is a legacy you ask?

That is such a great question.

Legacies are greater than the sum of their parts. The generational impact of a life marked by forging distinction of character, family values, faith, and reputation is truly awe inspiring. Education, in all its forms, provides the lifeblood to nurture and evolve all aspects of an enduring legacy. Multi-generational wealth becomes a natural extension of a legacy when viewed through the lens of time.

Resolute commitment is fundamental to any legacy. If you are reading this, you are one step closer to committing to your family’s legacy. Commit to the relationships, continual education, investing, risk taking / management, charity, philanthropy, and growing something beyond what most can only imagine.

But here’s the rub,

Legacies are forged by the resolute and written by the masses.

Yes, your legacy will be judged by the masses. The unknowing. The uncommitted. The undeserving.

Now you may be wondering if you can benefit from this blog if you are not wealthy. The simple answer is … Absolutely !!!

The concepts and building blocks discussed on this blog are fundamental and applicable to everyone. For example, families such as the Rockefeller’s have professional advisory boards consisting of accountants, investment managers, international tax lawyers, fiduciaries, insurance risk managers, etc. Such advisory boards may seem intimidating, but smaller families on Main Street / High Street / Your Street need to build a scaled down version of such advisory boards and surround themselves with independent advice. This blog may complement your advisory board, but it should never represent your entire advisory board.

We will use this simple proprietary model to evolve your legacy:

Your family is at the core of your legacy and your advisory board is represented by the black circle protecting your assets and your legacy. Your continuous learning (formal and informal) provides the foundation to earning multiple streams of income. Understanding and controlling the flows of such funds (taxation, investing, charity, lifestyle/experiences, financing, leverage, inflation) will provide the financial seeds to grow wealth. Growth extends beyond portfolio returns. Growth will flourish through your investments made in charities, community, and family. We recommend annual meetings, at a minimum, with your spouse and advisors to assess your current legacy plateau. Take time to assess and reassess your legacy markers. Then prioritize and stretch your goals. Embrace the year ahead as you recommit to learning and growing your family legacy. Your legacy journey must be surrounded by independent advisors that provide transparent and valuable advice to you to ensure your legacy grows in a thriving and protected environment.

Now, you may be asking, why I started this blog and if I am qualified to add value to your legacy plan. Afterall, there are many personal finance blogs flooding the internet.

Unfortunately, there are very few legacy focused resources aimed at the 99% … until now.   

Professionally, I am a Chartered Professional Accountant, Chartered Accountant, and a Chartered Financial Analyst. I have been in the financial services industry for over 25 years. Such experience includes founding a multi-family office dedicated to providing unbiased advice and developing advisory boards for wealthy families, Chief Financial Officer of a single-family office, and hedge fund due diligence and administration.

Personally, upon reflection of my own education and that of my children, I consider it very apparent that formal education has noticeable gaps with respect to basic financial training (budgeting, investing, financing, insurance, etc.). I was compelled to develop an introductory financial course for my children (they loved it …. Ha-ha). This small venture spawned a yearning to develop an extensive platform from which to share valuable legacy building concepts and tools.

This blog is the confluence of passion and experience resulting in the desire to share my insights in a straightforward and unbiased manner. I invite you to bookmark my blog and check-in often. We can accomplish so much through family and community. I thank you for allowing me to participate in your legacy journey.

Yours sincerely,

Richard Knight, CPA, CA, CFA