With an extensive background in finance and investment management consulting, Lisa Detanna began her career at Drexel Burnham Lambert in the Capital Markets Group, where she developed macros for contact management and tracked deal flow. Lisa Detanna currently serves as managing director and senior vice president of investments at Raymond James in Beverly Hills, California. She completed the Institute for Preparing Heirs' programs and believes in preparing heirs to be good stewards of the inheritance they receive.

Multigenerational wealth planning primarily focuses on creating wealth for a client and determining how it will be transferred to younger members of the family, with the goal of preserving financial stability across generations. This effort typically employs strategies such as investment, tax, and estate planning. It may also involve investing for charitable donation, annual family gifts, and long-term care.

Financial advisors who specialize in multigenerational wealth planning typically seek the collaboration of all family members when working with clients to formulate plans tailored specifically to the family's needs. To accomplish this, advisors must understand the unique goals of their clients and the available assets. They will also require contact information for family members included in the plan, such as the client's children, so they can work with them on a one-on-one basis.

Advisors can help clients plan their retirement to ensure that their children derive maximum benefit from the plan. For clients with investment portfolios that exceed their family's financial needs, multigenerational wealth advisors may offer guidance on efficient ways to transfer assets to charitable organizations that align with the client's values and foster a culture of generosity within the family.