Ron and Marty Cordes launched their charitable foundation a decade ago. And after some soul-searching and a trial run, their daughter is preparing to someday take the reins.
The Cordes family—Marty, Ron, and Stephanie (from left)—have designed an estate plan that will secure a future for their philanthropy.

IN 2006, while closing a $230 million deal to sell his financial firm, AssetMark Investment Services, Ron Cordes realized just how little he and his wife, Marty, had discussed money with their daughter. Ron was working around the clock, and one day Stephanie—16 at the time—declared to him, “I hope they’re paying you overtime.” Ron couldn’t help chuckling: CEOs may work overtime, but most don’t get paid by the hour.

Fast-forward to 2014, and it was Stephanie, the Cordeses’ only child,

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