Planning Wisdom of the Super Rich - What Makes a Good Wealth Manager Great
Affluent families and individuals want to make the best decisions about their wealth, which is why so many of them seek out the top financial professionals for guidance. But, it turns out, that technical expertise in investments, and finance as a whole, isn’t enough. Those advisors who truly standout, and who best help their clients overall, possess an additional quality that is equally as important as their financial acumen.
In the second episode of Planning Wisdom of the Super Rich, Devang highlights the importance of incorporating the human element into his discussions with clients.
Sit back, relax, and enjoy another enlightening conversation surrounding the importance of understanding you, your finances, and most importantly, your personal aspirations for your wealth.
Timecodes:
00:06 – Overview on today’s topic
01:15 – Why those with significant assets should be demanding more from their wealth manager
02:30 – The missing link with most wealth managers
03:04 – What the human element entails when it comes to wealth management
06:30 – How the human element is weaved into the stress testing process
07:23 – Instances where stress tests don’t reveal any issues at all
09:00 – How Devang can tell if a wealth manager is incorporating the human element
11:00 – How Devang would pick his own financial advisor
13:00 – Final remarks on the importance of delivering the human element within client’s plans
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