Christina Lewis, the daughter of Reginald Lewis, founder of TLC Beatrice International, had her first asset allocation meeting with a wealth manager at the age of 13. After facing a tragic loss and inheriting a large fortune, she went on to work with multiple wealth managers over the years. Her experience led her to create a multifamily office, Beatrice Advisors, aimed at the next generation of inheritors. Unlike traditional wealth management firms, Beatrice Advisors focuses on inclusivity, diversity, and empowerment, aiming to help families manage their assets more effectively and efficiently.
With an estimated $84 trillion set to be passed down to younger generations in the next 30 years, Beatrice Advisors aims to make education and accessibility a priority. Recognizing that many young inheritors may be new to managing wealth, the firm focuses on providing a more diverse group of wealth-holders with the tools and knowledge needed to navigate their financial futures. By taking a holistic approach to managing assets, Beatrice Advisors considers not only money but also values, skills, and life paths of families.
Given the tech-focused nature of younger generations, Beatrice Advisors has developed a high-tech dashboard to provide families with real-time insights into their portfolios and assets. The firm empowers clients to make informed decisions by offering personalized advice while allowing them to maintain control over their financial futures. Multifamily offices like Beatrice combine the personalized approach of single-family offices with the resources of larger investment firms, providing a comprehensive suite of services including tax management, trusts, family governance, philanthropy, and legal matters.
Christina Lewis’s journey into the world of investing began at a young age when she helped her father manage his stock portfolio at just 7 years old. After her father’s death, she worked with wealth managers to build an aggressive portfolio, focusing on investments in companies she understood, like Disney and Limited. Despite facing challenges with changing firms and relationship managers over the years, Lewis eventually established her family office, BFO21, and is now launching Beatrice Advisors to cater to a wider range of clients.
As an active philanthropist, Lewis has founded organizations like All Star Code and Giving Gap, aiming to provide young men of color with tech skills and create a database of vetted Black-founded nonprofits. By making wealth advice more accessible to diverse and young populations, Lewis hopes to help families like her own achieve financial success while aligning with their values and goals. Beatrice Advisors will target clients with net worth between $25 million and $300 million, offering tailored investment strategies to meet individual needs.
The next generation of wealth management is evolving to meet the changing needs and values of modern families. By prioritizing inclusivity, education, and technology, firms like Beatrice Advisors are reshaping the way assets are managed and passed down to future generations. As the financial landscape continues to shift, it is essential for wealth managers to adapt and empower clients to make informed decisions about their finances.