How the Ultra-Rich Ensure They’re Staying Ultra-Rich
While affluent clients are worried about paying the bills, the ultrawealthy are protecting their assets from global catastrophes.
It’s no secret that financial advisors are looking to move up market toward wealthier clients, and more specifically, toward larger investment accounts that are often more beneficial to their bottom lines. But those advisors will need to look beyond just investment performance and building client relationships, and embrace a more comprehensive approach that includes tax management strategies and the latest alternative investments, according to experts. That’s especially true when it comes to wealth preservation and protection.
“Financial risk is different for the ultrawealthy,” said Rick Nott,…
