Some advisors work hard to properly allocate the assets of high-net-worth clients, only to find that an underinsured loss destroys considerable wealth.
“If they don’t have enough insurance at the time of the loss, it’s going to eat up what they’ve placed in their portfolios,” says Diane Borden, head of the private client group at San Francisco-based insurance brokerage firm Woodruff-Sawyer & Company. Borden frequently works with financial planners.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access