Unsubscribe

Confirm you would like to unsubscribe from this list

Remove strategy

Confirm you would like to remove this strategy from your list

Welcome to Thornburg

Please select your location and role to help personalize the site.
Please review our Terms & Conditions

For Institutional / Wholesale / Professional Clients

The content on this website is intended for institutional and professional investors in the United States only and is not suitable for individual investors or non-U.S. entities. Institutional and professional investors include pension funds, investment companies registered under the Investment Company Act of 1940, financial intermediaries, consultants, endowments and foundations, and investment advisors registered under the Investment Advisors Act of 1940.

TERMS AND CONDITIONS OF USE

Please read the information below. By accessing this web site of Thornburg Investment Management, Inc. ("Thornburg" or "we"), you acknowledge that you understand and accept the following terms and conditions of use.

Disclaimers

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be licensed or available in all jurisdictions and there may be restrictions or limitations to whom this information may be made available. Unless otherwise indicated, no regulator or government authority has reviewed the information or the merits of the products and services referenced herein. Past performance is not a reliable indicator of future performance. Investments carry risks, including possible loss of principal.

Reference to a fund or security anywhere on this website is not a recommendation to buy, sell or hold that or any other security. The information is not a complete analysis of every material fact concerning any market, industry, or investment, nor is it intended to predict the performance of any investment or market.

All opinions and estimates included on this website constitute judgements of Thornburg as at the date of this website and are subject to change without notice.

All information and contents of this website are furnished "as is." Data has been obtained from sources considered reliable, but Thornburg makes no representation as to the completeness or accuracy of such information and has no obligation to provide updates or changes. Thornburg disclaims, to the fullest extent of the law, any implied or express warranty of any kind, including without limitation the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.

Although Thornburg intends the information contained in this website to be accurate and reliable, errors sometimes occur. Thornburg does not warrant that the information to be free of errors, that the functions contained in the site will be uninterrupted, that defects will be corrected or that the site and servers are free from viruses or other harmful components. You agree that you are responsible for the means you use to access this website and understand that your hardware, software, the Internet, your Internet service provider, and other third parties involved in connecting you to our website may not perform as intended or desired. We also disclaim responsibility for damages third parties may cause to you through the use of this website, whether intentional or unintentional. For example, you understand that hackers could breach our security procedures, and that we will not be responsible for any related damages.

Thornburg Investment Management, Inc. is regulated by the U.S. Securities and Exchange under U.S. laws which may differ materially from laws in other jurisdictions.

Online Privacy and Cookie Policy

Please review our Online Privacy and Cookie Policy, which is hereby incorporated by reference as part of these terms and conditions.

Third Party Content

Certain website's content has been obtained from sources that Thornburg believes to be reliable as of the date presented but Thornburg cannot guarantee the accuracy, timeliness, completeness, or suitability for use of such content. The content does not take into account individual investor's circumstances, objectives or needs. The content is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services, nor does it constitute investment advice and should not be used as the basis for any investment decision.

Suitability

No determination has been made regarding the suitability of any securities, financial instruments or strategies for any investor. The website's content is provided on the basis and subject to the explanations, caveats and warnings set out in this notice and elsewhere herein. The website's content does not purport to provide any legal, tax or accounting advice. Any discussion of risk management is intended to describe Thornburg's efforts to monitor and manage risk but does not imply low risk.

Limited License and Restrictions on Use

Except as otherwise stated in these terms of use or as expressly authorized by Thornburg in writing, you may not:

  • Modify, copy, distribute, transmit, post, display, perform, reproduce, publish, broadcast, license, create derivative works from, transfer, sell, or exploit any reports, data, information, content, software, RSS and podcast feeds, products, services, or other materials (collectively, "Materials") on, generated by or obtained from this website, whether through links or otherwise;
  • Redeliver any page, text, image or Materials on this website using "framing" or other technology;
  • Engage in any conduct that could damage, disable, or overburden (i) this website, (ii) any Materials or services provided through this website, or (iii) any systems, networks, servers, or accounts related to this website, including without limitation, using devices or software that provide repeated automated access to this website, other than those made generally available by Thornburg;
  • Probe, scan, or test the vulnerability of any Materials, services, systems, networks, servers, or accounts related to this website or attempt to gain unauthorized access to Materials, services, systems, networks, servers, or accounts connected or associated with this website through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any Materials, services, systems, networks, servers, or accounts related to this website; or
  • Modify, copy, obscure, remove or display the Thornburg name, logo, trademarks, notices or images without Thornburg's express written permission. To obtain such permission, you may e-mail us at info@thornburg.com.

Severability, Governing Law

Failure by Thornburg to enforce any provision(s) of these terms and conditions shall not be construed as a waiver of any provision or right. This website is controlled and operated by Thornburg from its offices in Santa Fe, New Mexico. The laws of the State of New Mexico govern these terms and conditions. If you take legal action relating to these terms and conditions, you agree to file such action only in state or federal court in New Mexico and you consent and submit to the personal jurisdiction of those courts for the purposes of litigating any such action.

Termination

You acknowledge and agree that Thornburg may restrict, suspend or terminate these terms and conditions or your access to, and use, of the all or any part this website, including any links to third-party sites, at any time, with or without cause, including but not limited to any breach of these terms and conditions, in Thornburg's absolute discretion and without prior notice or liability.

Decline

Give Us a Call

Fund Operations
800.847.0200

FIND ANOTHER CONTACT
Practice Management

Give Your Clients the Gift That Keeps on Giving…for Generations

Jan Blakeley Holman, CFP, CIMA, ChFC, CDFA, CFS, GFS
Director of Advisor Education
19 Dec 2019
3 min read

Clients are interested in passing on values to heirs but don’t know where to begin. This is a good time for advisors to become familiar with the “Ethical Will.”

When you ask your clients what they’re interested in passing on to their heirs, you probably expect them to talk about their financial assets. After all, we’ve been trained to believe that wealthy individuals are primarily focused on passing on their assets. Surprisingly, that’s not the case.

Age Wave is a company that describes itself as “the nation’s foremost thought leader on issues relating to an aging population.” Founded in 1986 by Ken Dychtwald, a famous demographer, for more than 30 years, the company has been encouraging employers and institutions to reinvent their products, marketing and workforce to capitalize upon our country’s trends in aging.

In 2005, Age Wave, Allianz Life Insurance Company of North America and Harris Interactive conducted the most significant study of intergenerational wealth transfer ever undertaken. In the study, they asked over 2,600 high net worth individuals to define “leaving a legacy.” The study’s results identified the “four pillars of legacy,” as the most important things the respondents wanted to pass on to their heirs. In order of importance the “four pillars of legacy” are:

  • Values and life lessons
  • Personal possessions of emotional value
  • Wishes and directions to be fulfilled, and
  • Financial assets and real estate

If your clients are most interested in passing on values and life lessons and you don’t know where to begin the discussion, this is a good time for you to become familiar the “Ethical Will.”

Unlike a legal will that dictates how an individual’s property will be distributed at death, an Ethical Will has no legal standing and it has nothing to do with transferring property at death. Instead, an Ethical Will is the product of an ancient tradition in which the individual shares his or her life story, personal values, blessings and advice with future generations of their family. According to Dr. Barry K. Baines, the author of Ethical Wills, “legal wills bequeath valuables, ethical wills bequeath values.”

We offer two tools to help you with these client conversations: an article titled, “The Ethical Will” and the Ethical Will/Family Legacy Letter Worksheet. The article will give you a more in-depth understanding of an Ethical Will and the worksheet is a tool you can share with your clients to help them answer the questions that will form the foundation of their Ethical Will. In addition to giving your clients the tools to help them create an Ethical Will that will help them share their values, life experiences and beliefs with current and future family generations, you may also want to offer the services of one of your staff members to help your client put their Ethical Will into a narrative form. If you’d like a copy of these resources, then feel free to reach out to us.

This year, instead of just sending your clients a holiday card, give them the priceless gift they really want but don’t know where to find, the gift of legacy.

Discover more about:

Stay Connected

Subscribe now to stay up-to-date with Thornburg’s news and insights.
Subscribe

More Insights

Markets

The Ghosts of Markets Past

We all know that past performance is not an indicator of future results, but how the markets have reacted to events in the past provides valuable perspective.
Economy

What Digitization Means for the Semiconductor Industry

As digitization continues uninterrupted, semiconductor market cycles should become less volatile, still market whipsaws open opportunities for active managers.
Monetary & Fiscal Policy

Fed Tightens as Expected, but the Central Bank Is Not the Only Show

July's 75 bps tightening is important, but overshadowed by PCE and earnings reports.

Our insights. Your inbox.

Sign up to receive timely market commentary and perspectives from our financial experts delivered to your inbox weekly.
This field is for validation purposes and should be left unchanged.