A new programme to boost young next-gens’ knowledge of finance and leadership has been launched.
Developed by US-based multi family office Pathstone, the programme will use interactive games, workbooks and family meetings to help high net worth families teach next-gens how to manage substantial wealth.
Steve Braverman, managing director of the family office, said in a statement that the course, called Path2Responsibility, will target children “from three years old through young adulthood”.
Amy Lemasters, associate at Pathstone, added that it is “critically important” that younger members are able to understand financial terms from a very young age.
“It’s never been more crucial for current and future generations to become financially literate and involved in making thoughtful, well-informed decisions,” she said.
The course is being developed in association with US-based National Financial Educators Council, an organisation that provides financial education services across the country, said Pathstone. The multi family office has assets under management of less than $2.5 billion (€1.9 billion).