Our Blog RSS

The latest news and occasional commentary about what’s happening at the Foundation and around our great state. 

Rhode Island Foundation Blog

rss

We are proud to be part of the Rhode Island community! Follow our blog for the latest news and occasional commentary about what’s happening at the Foundation and around our great state.


Designing a life that allows you to age well
By Jim Sanzi / May 17, 2018 /   Loading Disqus...

“There is much about aging that we can’t control. But there is much more that we can.” So says Coventry Edwards-Pitt, a nationally recognized wealth advisor, to one of today’s most pressing issues:  how to age well –given our increased longevity – and ensure that our later years have a positive impact on our families.

Drawing on her many years of professional experience with Ballentine Partners, Covie has interviewed vibrant elders and brings to life the daily choices they are making that allow them to live content, engaged, and purposeful later lives and design legacies of meaning.

The stories and research in Aged Healthy, Wealthy & Wise, her book based upon these interviews, inspired and moved a room full of professional advisors here in Providence when Boston-based Edwards-Pitt visited the Foundation to share her experience and wisdom with others in her field.

...

Covie reinforced the importance of understanding the client’s values and perspective as a way to deepen the relationship. Her stories illustrate the need for a deep personal understanding of a client, and emphasize that good professional planning goes beyond smart finances.

“Through stories that were funny, inspiring, and poignant,” says Covie, “several themes emerged – mental tools our interviewees relied on most frequently to help them maintain a mindful, proactive approach to aging.

“If you have the resources to age well, how do you optimally use them? How should you invest your time and money to design a life that will enhance your ability to age well?”

While her book is about aging, it is not just for people currently at a later stage in their lives—it is also for their children. “What planning should you do now to maximize your chances that the resources you leave behind will positively impact your family after you’re gone?”

For us in that room, there may have been an epiphany of sorts – that philanthropy always offers an important bridge to learning more about a client’s values – values that tap into the deepest emotions surrounding living, dying, and what we leave behind.

 

Recognized as one of the “Top 50 Most Influential Women Private Wealth” and one of the “Top 50 Women in Wealth Management”, Covie is a Partner and the Chief Wealth Advisory Officer of Ballentine Partners, a Boston-area based investment and wealth advisory firm she joined 14 years ago. She was pre-med in college, and was drawn to the wealth management industry by her desire to help people – to help them navigate a complex, noisy, often conflicted financial world and implement strategies that aren’t just financially sophisticated but also emotionally relevant.

blog comments powered by Disqus

Featured Post

  • RI Foundation awards $285,000 to Newport County nonprofits Posted last week
    The grants, through our Newport County Fund, will underwrite a host of activities ranging from workforce training and after-school activities to preventing relationship violence and protecting vulnerable seniors.
  • $2.6 million awarded for behavioral health care Posted 3 weeks ago
    Six nonprofit organizations will use $2.6 million in grants to support primary and secondary prevention models and high-quality, affordable behavioral health care services across the state. The funding is the first from the Behavioral Health Fund at the Rhode Island Foundation.
  • Vision and commitment Posted last month
    Hundreds of community and business leaders, donors, grant recipients, and other partners gathered at the Rhode Island Convention Center on May 16 for our 2019 Annual Meeting. Here are highlights of what our President and CEO Neil D. Steinberg told them.
  • Making science come alive Posted last year
    Thanks to our Carter Spark Grant, Narragansett Elementary School students just learned a lot about life around Narragansett Bay. Special education teacher Karen Festa used the grant to bring Save the Bay’s living “Bay Classroom Experience” to school.
  • Roger Williams' ideals come to life in scholarship recipients Posted last year
    The Rhode Island Foundation is sending seven high school seniors off to college with scholarships honoring Roger Williams, the state’s founding father.The four-year, renewable scholarships are through the Carter Roger Williams Initiative, which was launched last year by philanthropists Letitia and the late John Carter.
Read More »

Address

LocationOne Union Station
Providence, RI 02903
Directions

Contact

(401) 274-4564
info@rifoundation.org

E-News Sign Up