Skip navigation
PODCASTS

Celebrity Estates: Clare Bronfman, NXIVM, Sex Cults and the Importance of Financial Education

The Seagram's heiress's association with the pseudo-intellectual sex cult NXIVM highlights the importance of educating the next generation.

 

Resources

In this episode, David Lenok, senior editor at WealthManagement.com, is joined by Dan Griffith, senior vice president and director of wealth strategy at Huntington Private Bank.

Today’s celebrity example is Seagram’s heiress Clare Bronfman. We discuss Clare’s bizarre association with the pseudo-intellectual sex cult NXIVM—an organization she funded to the tune of over $150 million before landing in prison. We use this infamous case to dissect how financial advisors can assist clients in educating the next generation to help mitigate risks to generational wealth.

TIMOTHY A. CLARY/AFP/Getty Imagesclare-bronfman-mask.jpg

Clare Bronfman

Dan discusses:

  • Why educating the next generation about money is imperative;
  • Strategies that can be used to put money responsibly into the hands of the next generation;
  • How advisors can educate clients about the risks involved with generational wealth;
  • The importance of having financial conversations with your family; 
  • And more.

 

Listen to the podcast

Browse more episodes in this podcast series. ... 

The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple PodcastsAndroidStitcher and wherever podcasts are found. 

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish