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each month. Teaching your children how to use credit cards effectively will give them a head start toward building a good credit score rating. Investing Once you've covered spending and saving, help your children understand the basics of investing and how to invest for long-term goals such as the down payment on a house. When teaching your children about investing, a good starting point is to introduce them to basic investment vehicles (e.g., stocks, bonds and mutual funds). Purchase stock in a few different companies. e companies could be ones to which your children can easily relate, such as toy, clothing, sports and entertainment companies. Review the account statement you receive each month with them to discuss how stock values rise and fall and the effect this may have on the amount they can eventually spend from the account. is may also entail discussing how dividends work, the potential for gain and loss, and the roles that risk tolerance and time horizon play when choosing appropriate investments. Giving back Charitable giving is an important part of many families' decisions regarding how to allocate their financial resources. Instilling the value of giving back can start very early in a child's life. In combination with writing a check, volunteer time at the same organization. For instance, visit the local food bank with your child to help pack bags of food for distribution or participate in a fun walk or run event sponsored by a favorite charity. • Discuss with your children your own philanthropic giving, identify the organizations you support and talk about why you think they are important. • Ask your children to identify the causes they feel are important and encourage them to fund organizations that support these causes. Your children may need your help to identify specific organizations. You can ask them to do research and then to describe what the organizations do, including the types of things for which donations may be used. For many families, charitable giving is not only about material giving— it includes giving time through volunteering. Where appropriate, consider bringing your children along to charitable activities. e goal is to help children understand why giving back is important to you, how you allocate the time and money you give, and to provide them with the framework within which to decide how to spend their own time and money. For families who have a formal charitable giving vehicle, such as a family foundation or a donor advised fund, consider setting aside a small amount each year for your children to control. is can be formal or informal. You could ask your children to do research on worthy organizations, and then make a pitch to you on where they would like the donation to go. Our clients have shared with us that children are very engaged when they have autonomy over a gi in this way. ey may walk away from the experience with a deeper sense of their own fortunes, and the needs of others. Ultimately, most children will eventually become responsible for making their own financial decisions—whether they are ready or not. When education and encouragement are provided early and practiced oen, parents can help their children to develop the skills necessary to make a lifetime of good financial decisions. Authored by UBS Financial Services Inc., provided courtesy of Anthony Cristiano, First Vice President and Financial Advisor. "UBS Financial Services Inc. and its affiliates do not provide legal or tax advice. Clients should consult with their legal and tax advisors regarding their personal circumstances. As a firm providing wealth management services to clients, we offer both investment advisory and brokerage services. These services are separate and distinct, differ in material ways and are governed by different laws and separate contracts. For more information on the distinctions between our brokerage and investment advisory services, please speak with your Financial Advisor or visit our website at ubs.com/ workingwithus. ©UBS 2017. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA. Member SIPC". Anthony Cristiano heads the Cristiano Group, a wealth management team at UBS Financial Services in NYC. He is a First Vice President and Portfolio Manager. In addition to his practice advising affluent families and executives, Mr. Cristiano is also a Senior Retirement Plan Consultant at UBS, providing guidance to Corporate Retirement Plans. The primary focus of the Cristiano Group is to provide objective, comprehensive wealth advice to their clients. In conjunction with his firms' world class resources, his team provides a holistic approach to wealth management, one that is inextricably linked to the unique needs, goals and values of each client. An www.ubs.com/team/thecristianogroup experience. Discuss with your children your own philanthropic giving identify the organizations you support and talk about why you think they are important. VUE ON FORTUNE V U E N J . C O M 128

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