Lessons from successful and grounded inheritors on how they got that way
At a certain level of wealth, money makes parenting harder, not easier. Raised Healthy, Wealthy & Wise breaks new ground in the field of raising children amid wealth by hearing from the success stories: real-life children raised with wealth now grown into happy, healthy, and productive adults. Nationally recognized wealth advisor Coventry Edwards-Pitt draws on her many years of professional experience to interview successful heirs and uncover what works—and what doesn’t—in raising wealthy children to lead fulfilling and productive lives.
While there is a lot of advice out there for affluent parents, this is the first book that allows us to hear directly from children who survived the gauntlet of being raised with wealth and emerged happy, healthy, and productive on the other side. Why do they think they have become successful? What went right? And how? Readers will find that these voices speak with a clarity that will inspire parents faced with these challenges to take the steps necessary to set their children on the path toward health and happiness.
About Coventry Edwards-Pitt, CFA, CFP®Covie is a Partner and the Chief Wealth Advisory Officer at the firm. In her role, Covie is responsible for thought leadership for the firm, including the development and management of the firm’s family education, family governance, and philanthropic offerings. Covie also leads several of the firm’s large family client engagements and manages all aspects of her clients’ financial affairs, including their investment portfolios, tax and estate planning, insurance needs, philanthropic planning, and liquidity planning. Covie specializes in helping her clients to manage the impact of their wealth and ensure that their comprehensive wealth management strategy reflects their families’ values and goals.
Covie is also the author of the book “Raised Healthy, Wealthy & Wise: Lessons from successful and grounded inheritors on how they got that way,” for which she interviewed inheritors who went on to lead productive, motivated, and independent lives and summarized the key messages that work when raising children amid wealth. Since the book’s publication in 2014, Covie has been a featured speaker at over 70 events for wealth-owning families and their advisors. She particularly enjoys sharing the messages and stories from the book and seeing how they inspire families to make changes to put the lessons into practice in their own lives.
Covie has been recognized by Private Asset Management as one of “The 50 Most Influential Women in Private Wealth” in their May 2015 issue. Additionally, for three consecutive years, 2008-2011 (the last year of the award), she was named one of the "Top 50 Women in Wealth Management" by Wealth Manager/AdvisorOne.com and was selected to the Boston Business Journal’s “40 Under 40” list in 2011. Covie has been quoted widely, including in The New York Times, The Wall Street Journal, and Investment News.
Prior to joining the firm in 2004, Covie consulted to financial advisory firms on manager evaluation, investment research, and marketing strategy through her own firm, Chauncy Street Consulting, LLC. Covie started her career at Goldman Sachs. There she was Chief of Staff of Goldman Sachs' Global Manager Strategies investment group, where she helped develop systems for manager searches in eleven asset classes. Before serving as Chief of Staff, Covie specialized in evaluating international equity managers in emerging markets.
Covie is also a trained opera singer and pianist and serves on the board of Emmanuel Music in Boston. She is a member of the Women’s Presidents’ Organization as well as the Collaboration for Family Flourishing, a community of professionals and family members devoted to helping families flourish across multiple generations of wealth.
Praise for Raised Healthy, Wealthy and Wise
Move over, Spock and Brazleton! You’ll want to make room on your bookshelf for this down-to-earth guide for parents who may live on Easy Street, but still struggle to know what’s best for their children. Her stories about inheritors present teachable moments and ring very true indeed.
Charlotte Beyer, Founder, Institute for Private Investors and President, Principle Quest Foundation
…an important book that offers a refreshing perspective on the subject of raising children amid great wealth. It is rare to find research based on the experiences of inheritors who have found their paths to personal fulfillment and to hear in their own voices what they believe led to their successes.
Sharna Goldseker, Executive Director, 21/64
Raised Healthy, Wealthy & Wise is a must read for wealthy parents who want to ensure their children’s health, happiness and engagement in life. The book’s extensive research is a major contribution to our field.
Ryan Ansin, President, Family Office Association; Co-Founder, Clarity Project
An insider’s view of a neglected but important topic, Raised Healthy, Wealthy & Wise: Lessons from Successful Inheritors on How They Got That Way is a valuable addition to the literature on avoiding the perils of privilege.
Wendy Mogel, Ph.D., author of The Blessing of a Skinned Knee and The Blessing of a B Minus
The author has given readers a lot to consider. She asks, and through her careful and thoughtful research is able to answer, the question of what parents of successful inheritors have done. We have been waiting for a book like this for a long time.
Angelo Robles, Founder and CEO, Family Office Association
For most families, more money means less stress. But for those who’ve accumulated the kind of wealth that can land you in the pages of Forbes magazine, the American dream can quickly become a nightmare of bad parenting and unhealthy financial consequences. Ms. Edwards-Pitt’s new book goes beyond the typical financial advice book and instead gets its practical strategies from real-life rich kids who have grown up into balanced, confident and productive adults.
Matt Schifrin, Managing Editor, Forbes