Families
Building Generational Wealth: Financial Services for Families of Every Life Stage
Planning for a strong financial future and building wealth is a consideration for individuals and families at every stage of life. This is true whether you’re ready for retirement or you’re just starting to enjoy the first fruits of your success.
Over 40 Years of Experience in Wealth Management and Tax Services for Families
At BGM, we offer accounting services for families that help you build a strong foundation from your financial success. We’ll partner with you to ensure your wealth benefits your family for generations to come.
We can help you:
- Assess insurance coverage to protect your family
- Create a plan to ensure you have money for retirement and beyond
- Choose trustees and advisors to fulfill your wishes
- Develop a cash flow plan based on your finances
- Determine inheritance amounts for each heir
- Help you create a plan to pay for college tuition and expenses
- Identify avenues to protect and efficiently transfer your wealth
- Implement strategies to reduce your tax burden for you and your family
- Manage investments with future generations in mind
- Review estate planning documents to ensure the right fit for your family
We work directly with you to help organize your finances, take advantage of opportunities and identify challenges. Gaining financial clarity is the key to helping you make smart financial decisions.
For 40 years, our Minnesota-based accounting and advisory firm has helped countless families across the country build a secure financial future. We refuse to offer cookie-cutter wealth management services to families. Instead, we personalize our approach to meet your unique financial goals.
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Frequently Asked Questions
01 How does BGM help families build and protect wealth across generations?
We take a long-term, multigenerational view. That means designing investment strategies, estate plans, and tax approaches that are built to serve not just you, but your children and grandchildren. When tax, wealth, and trust planning all work together, the compounding effect can be significant, and that coordination is built into how we operate.
02 What's the difference between wealth management and family office services?
Wealth management focuses on your investments, financial plan, and tax strategy. Family office services go further, covering things like bill payment, property management, insurance oversight, household budgeting, and administrative coordination. Think of it as having a full team managing the business of your family’s financial life. We offer both, and they’re customizable depending on what your family needs.
03 Can BGM work with multiple generations in our family at the same time?
We do this regularly. Parents, adult children, and sometimes grandparents each have different goals and perspectives, and that’s OK. We help families align around shared objectives while respecting individual needs. Having one team that understands the full family picture can make that coordination much more effective.
04 How do you help us plan for transferring wealth to the next generation?
We work with you to design estate and trust structures that reflect your values and goals, whether that means funding education, setting up trusts with specific distribution criteria, or building gifting strategies that minimize tax impact. Because we also handle the tax and investment side, everything stays coordinated.
05 Can you help us choose the right trustees and advisors for our estate?
We can. Selecting trustees is one of the most important estate planning decisions a family makes, and it’s not purely a legal question; it’s a financial and relational one. We help families think through the decision, and our affiliate, Cornerstone Private Asset Trust Company, can serve as a corporate trustee when that’s the right fit.
06 Do you help with education planning for children or grandchildren?
Yes. We create education funding strategies, including 529 plans, custodial accounts, and trust-based approaches, that are integrated with your broader tax and estate plan. The goal is to fund education efficiently without creating unintended tax consequences or disrupting other financial goals.
07 How does tax planning work for a family with complex finances?
Families with multiple income streams, real estate holdings, investment accounts, and trust structures need coordinated tax planning, not just individual returns. We look across the entire family’s tax picture to identify opportunities, manage brackets, and align tax strategy with investment and estate decisions.
08 Can you help our family have productive conversations about money?
This comes up more than you might think. Talking about inheritance, giving, and financial expectations can be difficult. While we’re not family therapists, we often help facilitate financial conversations by providing clear data, realistic projections, and a structured process that takes some of the emotion out of hard topics.
09 Does BGM work with families outside of Minnesota?
We do. BGM is headquartered in the Twin Cities, but we serve families across the country. Our integrated team model works well for families who want a single firm coordinating the full financial picture, regardless of location.
10 How do we get started?
We begin with a complimentary conversation to understand your family’s goals, challenges, and priorities. From there, we’ll outline a tailored approach. There’s no cost or obligation for that initial meeting.
