After decades of advising ultra-wealthy families, here are the 4 key practices that help them maintain their wealth.

Wealth Preservation Habits: Rob Mallernene, CEO of Eton Solutions, highlights four key habits that ultra-high-net-worth families use to maintain their wealth, including instilling a sense of purpose in future generations and practicing frugality.

Long-Term Financial Planning: Successful families view wealth as a stewardship for future generations rather than personal ownership, emphasizing the importance of long-term financial planning and ongoing tax strategies.

Investment Strategies: Wealthy individuals often prefer to buy and hold core assets for extended periods to minimize taxes and transaction costs, avoiding cash payments for significant purchases like homes.

Frugality Among the Wealthy: Contrary to common assumptions, many ultra-high-net-worth individuals are frugal and attentive to costs, often seeking advice on even minor expenses to ensure financial efficiency.