Ultrahigh-net-worth investors can have complex needs. That's why Abbot Downing, Wells Fargo's group serving investors with $50 million or more, has family historians and psychologists on staff.
The industry has largely moved to a team model, but some advisors may finish out their careers as 'bachelors,' says John Taft, CEO of RBC's U.S. wealth management division.
The financial crisis cost the typical U.S. family up to $120,000, according to a new Fed study, but for financial advisor Paul Saganey, 2008 was one of his best years ever. He explains why.