Skip to main content

Ferguson - Financial Planning Minneapolis

Ferguson - Financial Planning Minneapolis

  • Home
  • About Us 
    • About Ferguson Financial
    • About Greg
    • CFP®
  • What We Do 
    • Wealth Management
    • Financial Planning
    • Risk Management
    • Estate Planning
    • Investment Management
  • What To Expect 
    • It's all about you
    • Macro vs Micro
    • The Solution
  • Blog
  • Contact Us
  • Client Login
  • Free E-Book

    You are here

  1. Home
  2. Bag Lady Syndrome

Bag Lady Syndrome

Bag Lady Syndrome

Submitted by Ferguson Financial Inc. on June 29th, 2016
Tags:
  • Bag Lady Syndrome

Major Risks to Family Wealth

Submitted by Ferguson Financial Inc. on May 6th, 2015

All too often, family wealth fails to last. One generation builds a business – or even a fortune – and it is lost in ensuing decades. Why does it happen, again and again?

 

It is because families fall prey to serious money blunders – old and new. Classic mistakes are made, and changing times aren’t recognized.

 

Procrastination. This isn’t simply a matter of failing to plan, but also of failing to respond to acknowledged financial weaknesses.  

 

For example, let’s say we have a multimillionaire named Alan. The named beneficiary of Alan’s six-figure savings account is no longer alive. While Alan knows about this financial flaw, knowledge is one thing and action is another. He realizes he should name another beneficiary, but he never gets around to it. His schedule is busy, and it is an inconvenience.

Tags:
  • Bag Lady Syndrome
  • Shanghai Composite (SSE)
  • Read more

Why Does Family Wealth Fade Away?

Submitted by Ferguson Financial Inc. on May 6th, 2015

Many are the stories of family wealth lost. In the late 19th century, industrial tycoon Cornelius Vanderbilt amassed the equivalent of $100 billion in today’s dollars – but when 120 of his descendants met at a family gathering in 1973, there were no millionaires among them. His fortune eroded within two generations of his passing.1,2

 

Barbara Woolworth Hutton – daughter of the founder of E.F. Hutton & Company, heiress to the Woolworth’s five-and-dime empire – inherited $900 million in inflation-adjusted dollars but passed away nearly penniless (her reputed net worth at death was $3,500).2,3

Tags:
  • Bag Lady Syndrome
  • Read more

Contact Us

Don't hesitate to get in touch with us.
We would love the opportunity to become your trusted advisor.

 Free E-Book

 

Phone: 952-406-8316
Fax: 952-406-8316

Email: greg@fergusonfinancialinc.com

5100 Eden Avenue, Ste. 311 , Edina, MN 55436

twitter estate planning minneapolis linkedin financial advisor minneapolis  facebook wealth management minneapolis  instagram investment management minneapolis  googleplus investment management minneapolis

Get Directions

Quick Message

We created Ferguson Financial, Inc. to work as your personal financial advisor offering you a wide range of wealth management solutions including financial planning, estate planning, investment management, risk management and investment planning. We proudly serve clients from Minneapolis & St Paul, Minnesota, as well as the surrounding communities.

  • Sitemap
  • Legal, privacy, copyright and trademark information

angies-list.png

angies_list_review_icon2.png


Previous Awards were received for
2006, 2007, 2008, 2010, 2011, 2012, 2014, 2015, and 2016

What does the Super Service Award graphic mean?

If a company has the Super Service Award logo on their company record, then they have won the Angie's List Super Service Award® for the year indicated. Each year Angie's List awards this honor to companies that have given outstanding service according to the members for the previous year. The most recent award given is for 2017. In 2017, the criteria for the award included receiving a minimum number of reviews from our members, maintaining an A average on both the reviews for 2017 as well as on their overall reviews and not being in poor standing with the Better Business Bureau. Less than 5% of the companies on Angie's List received the award in 2017. Please keep in mind that the award is based on the company's previous service and you should always check Angie's List before hiring because a company's rating can change.

© 2021 Ferguson Financial Inc.. All rights reserved.

Website Design For Financial Services Professionals