In one of my recent interactions with a very wealthy client, I asked him a simple but direct question:
“What is the purpose of your wealth?”
His answer was equally direct:
“I don’t know.”
He led a simple life. His children were well settled. His portfolio was largely in fixed deposits and traditional banking products.
As a fiduciary financial planner, it made me reflect. When wealth has already served the purposes of security, lifestyle, and legacy, what remains?
I was reminded of my mentor Dr. Uma Shashikant’s words:
“We are mere custodians of wealth. Wealth will keep flowing to some—it never stops. Take it, grow it, and pass it on to someone who deserves it more than you. Be the path through which it flows.”
That perspective changes everything.
We advised the client to modestly increase the growth orientation of his portfolio. Not to accumulate more for himself—but to create a surplus that could be meaningfully distributed.
That idea resonated deeply with him.
One reason to consider a slightly more growth-oriented portfolio is not always to have more, but to give better.
In our conversations with many wealthy families, one thought increasingly stands out:
We have been fortunate to witness and participate in wealth creation in our lifetime. Perhaps the next step is not just to preserve or grow it—but to channel it with intention.
Each of us may choose our own way of giving.
But choosing a purpose for wealth—that may be the most important financial decision of all.
Happy Financial Planning!
Naveen Julian Rego – CFP®
MD & Principal Officer
Naveen Rego Capital
SEBI Registered Investment Adviser
Reg No: INA000019211
BSE Membership ID: 2178
Date: 23-04-2026
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