Updated Thursday, September 3, 2015 as of 6:57 AM ET

For Wealthiest Clients, 4 Best Practices

For advisors to the wealthiest families, a new report suggests that it's not what you do that matters -- it's how you do it.

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Comments (1)
Great article! Well written, and from a purely biased viewpoint it echoes many of the principles in my new book, COVERING YOUR ASSets-A Complete Guide to Wealth Preservation and Asset Protection. "Planners" need to look at what I call Client Life Situation Analysis, keying in on the client's specific life situation, understanding the issues associated with that situation and addressing the specific strategies and techniques that are applicable. In addressing the issues, the planner MUST assess the interrelationship among the issues. They all have a cause and effect relationship; what is done or not done in one area will impact other areas. It is the advisor who understands this, is proactive and is willing to work with other professional disciplines that will survive.

Posted by Leonard C | Tuesday, April 08 2014 at 2:09PM ET
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