High-net-worth families have a plethora of opportunities the rest lack—and one of the most important factors that help the richest stay the richest is access to top financial planning. Advisors who work with high-net-worth clients help them manage their fortunes, but they rules they rely on can help the rest of us, too.
In fact, advisors emphasized that many of the most effective strategies they use with their clients, they would give to their own children as well—and you don’t need a private jet or a yacht to implement them. “My practice focuses primarily on working with high-net-worth families. However, I can say unequivocally that the best strategies for managing money are equally applicable to all levels of wealth," said Jonathan Shenkman, advisor at Shenkman Wealth Management.
