New York-based wealth management company Generational Wealth defines itself as “a global leader in asset management and financial planning” that connects wealthy individuals and families to financial stability and financial empowerment through wealth generation.
The company says that it has been around for over 20 years, but it’s just gotten bigger.
It currently has more than 10,000 clients and has over $2 billion in assets under management.
In a recent interview with Quartz, Generational founder Michael Schmitz said that the company is seeing more people in their 20s and 30s applying to join its programs.
Schmitz explained that his company is expanding into a new cohort of people, many of whom have a low net worth.
“There’s a new generation of people who are looking for more ways to create wealth,” he said.
The New York Times reports that Generational’s Wealth Lab, which focuses on “generation X” individuals, was founded in 2003.
It has since expanded to include the Global Generation Wealth Program.
According to Schmity, the Global Generations Program was launched by the Global Wealth and Assets Management Group, which was created in 2009.
The program offers “generational financial planning and asset management” to “developers and entrepreneurs” who want to build wealth.
Generational says that in order to qualify for the Global Gen. Wealth Program, individuals must have at least $100,000 in assets and that the program is not for people over age 60.
When will I get a gift?
According the website, a gift of $10K is required, with the maximum amount to be $20,000.
For more information, visit Generational.com.