It’s a “very real concern” for the ultrawealthy that their children aren’t prepared for the future, wealth advisor Tom Thiegs told Fortune.

The man argued that high-net-worth parents who spend years building wealth to secure their children's future may end up taking away their motivation to work. | Trending

It’s a “very real concern” for the ultrawealthy that their children aren’t prepared for the future, wealth advisor Tom Thiegs told Fortune.