Protect Affluent Clients’ Data—and Privacy
We read about all the large data lapses in the news—credit card info for thousands of TJ Maxx customers stolen, Countrywide losing mortgage application data for thousands of people, etc.
Give It Away Today
Advisors to affluent families have often used anecdotes about well-known individuals as a more memorable and persuasive way to discuss different aspects of financial planning.
What’s Money Got to Do With It?
Even shrewd, calm Warren Buffet can be trapped by his emotional need to buy only bargain stocks.
What Good Leaders Already Know
As I've stated in previous columns, advanced planning for affluent families requires a detailed discovery step to even reach the point where discussions about solutions can take place.
Manage Your Energy, Not Your Time
Tony Schwartz and his company, the Energy Project, study the interconnectedness of the quality of leadership, performance of others, and personal energy levels.
Advisors, Go Beyond Mere Tweets
Many advisors think they need a blog, wiki, forum, or a LinkedIn page, without fully understanding the implications.
When Business is Personal
When it comes to employing relatives, having rules in place--such as a family constitution-can help the family business run professionally. But how many family businesses...
The Affluentialist: The Case of the Wealthy Celebrities and the Missing Funds
Back in April, actress Uma Thurman played the heroine in a thriller where a devious financial advisor misappropriated $60 million from clients. In this case,...
Succession Planning: Buying and Selling Wealth Management Practices
Asnoted in the lead story of this special section on succession planning, "Planning for Your Future, 2010 could be the biggest year ever for mergers...
The Affluentialist: Growing Up Rich and Responsible
In last month's column, we explored potential damages to families and individuals when children of wealthy families grow up unprepared for responsibilities they'll inherit. While...