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Guidelines for financial advisors targeting the financial elite
July 30, 2010
After the recent economic crisis, there are approximately 751,000 affluent families worth $20 million or more commanding $96.8 trillion - the financial elite. For the most part, these exceptionally wealthy families are looking for more from their financial advisors than ever before. Not only are they desirous of high-quality financial services and products, they are also interested in a wide range of value-added services.
The interest in the family office model has never been greater. The financial elite are increasingly looking to create their own family offices. However, few of them will. The real impact will be the movement to multi-family office practices. Financial advisors can effectively compete for exceptionally wealthy clients by creating a multi-family office of their own.
Original Posting At: Benzinga
The interest in the family office model has never been greater. The financial elite are increasingly looking to create their own family offices. However, few of them will. The real impact will be the movement to multi-family office practices. Financial advisors can effectively compete for exceptionally wealthy clients by creating a multi-family office of their own.
Original Posting At: Benzinga
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