TITLE

The Wealth Management Debate: Is the Latest Planning Trend Right for You?

AUTHOR(S)
Crane, Amy Buttell
PUB. DATE
January 2007
SOURCE
Journal of Financial Planning;Jan2007 Supplement, p14
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses a trend by American financial planners to ignore the middle class in favor of the wealthy, which is one of the fastest growing social demographics in the country. While financial planners focus on the wealthy in the hopes of receiving more compensation, many would be better served to work with the middle class, which provides a larger pool of potential clients. The author details methods financial planners who insist on working with the rich should use to excel in the field of wealth management.
ACCESSION #
23722743

 

Related Articles

  • Showing Problem Clients The Door. Hersch, Warren S. // National Underwriter / Life & Health Financial Services;11/2/2009, Vol. 113 Issue 21, p13 

    The article focuses on how financial advisors can manage problem clients. Experts say that advisors need to be attentive to signs that may be a cause for trouble later on. They emphasize that if problems arise after the client engagement, it is helpful to take steps in putting the relationship...

  • Combining elements of both a small and large culture.  // Finweek;5/28/2009 Supplement, p4 

    The article offers information on the Six Step Investment Process used by South Africa-based Private Wealth Management (PWM). The steps include the need to develop the client's financial goals, gather comprehensive financial data and make an individual analysis. It also emphasizes PWM's...

  • Leading the Future of Wealth Management. Knoch, David // Practical Accountant;Jun2009 Firm of the Future, pSR.12 

    The article offers tips and suggestions on how to help clients regarding wealth management plan. It suggests that certified public accountant (CPA) wealth management firms must establish the ability to predict the future. It notes that CPA wealth management firms must ensure that they have tools...

  • Ratcheting the 4% Rule for Saner Spending: Retirement Scan.  // Financial-planning.com;6/19/2015, p1 

    Although the 4% initial withdrawal rule has historically done well for retirees, it may not always produce the same results; Plus, tips for retirement savings and why bonds should be a part of your client's portfolio.

  • Advisers Woo Clients' Children to Retain Assets. Stock, Howard // American Banker;11/13/2008, Vol. 173 Issue 220, p12 

    The author reports that financial advisors are discussing wealth management with not only their clients, but their clients' families as well. Reasons why financial advisors are forming relationships with their clients' families are mentioned, including trying to gain their clients' relatives as...

  • Achieving the Dream. Kinder, George // Bank Investment Consultant;Oct2009, Vol. 17 Issue 10, p36 

    The article focuses on life planning as a more personal and deeper approach of investment advisors to their clients' financial health in the U.S. It notes that more clients demand more from their advisors and want to talk more about their money and lives. It states that life planning helps...

  • RDR redefines independent' adviser label. Salih, Chris // Money Marketing;7/2/2009, p9 

    The article reports on the revision of the RDR consultation paper, wherein the financial sector was divided into independent advice, restricted advice and non-advised sales in 2009 in Great Britain. According to the paper, single- and multi-tied advisers will be included in restricted advice....

  • Define Your Brand...  // Journal of Financial Planning;Sep2009, Vol. 22 Issue 9, p14 

    The article presents the "Global Private Banking and Wealth Management Survey 2009" by PricewaterhouseCoopers LLP in the U.S. It notes that successful wealth managers use strategy emotional elements in brand marketing. It adds that the survey found out that the most comprehensive and efficient...

  • Ear Candy.  // Bank Investment Consultant;Sep2008, Vol. 16 Issue 9, p8 

    The article presents the topics relating to financial planning posted on the website, BankInvestmentConsultant.com. The topics include banking, financial planning and tax issues. The website features up-to-the-minute coverage of breaking news in the financial services industry, financial...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics