Top Planning Concerns for UHNW Clients Working with UHNW clients requires more than solid investment management and estate planning, according to advisor Paul Pagnato, founder of the Pagnato-Karp Group. Here are some of the other critical planning areas that advisors need to pay attention to.
The business is changing, says Jonathan Burkan, a wealth advisor with UBS. It's not just stocks and bonds anymore, and that means advisors must do a better job of helping clients think about estate, tax and retirement planning -- not just about the market.
Is there a better model for retirement planning? Michael Falk, partner with Focus Consulting Group, explains why advisors should shift their focus from stockpiling assets to covering clients' expenses.
From the outset, advisory firms must consider which employees might want to use social media, how they would need to use it and how best to ensure that their use would be compliant with industry regulations.
Taking a measured approach to introducing social media at your firm is essential to avoiding embarrassment, or worse, being caught out of compliance with regulatory requirements. Make sure to avoid these common mistakes.