Charles Marsala discusses: Strategies for High Net Worth Clients

Charles Marsala December 15, 2014 0
Charles Marsala discusses: Strategies for High Net Worth Clients

Charles Marsala discusses: Strategies for High Net Worth Clients
Tracking #1-335935

Financial Planning for High Net Worth clients requires consulting, resources, intellectual capital, practice management, technology, and personalized reporting. Each of these areas has several components.
Consulting consists of: Sophisticated estate planning, executive compensation arrangements, business exit strategies, financial windfall planning, foundation and endowment guidance, philanthropic giving approaches, tax-sensitive investing tactics, and single stock risk management.
Resources, Intellectual Capital, and Capabilities consist of: Innovative portfolio and investment analytics, Advances product offerings, including alternative investments, advanced insurance strategies, institutional-caliber portfolios and investment strategies, thought leadership, disruptive insights, trust services, unbiased research, and creative investment ideas.
Practice Management consists of: Competitive guidance, business model best practices, knowledge sharing, and end-to-end technology suite and workflows.
Reporting consists of: Aggregated client asset view capturing liquid and illiquid assets, personalized client portal access, configurable queries and advances analytics, and private-label, advisor-specified output.
With these areas as a foundation, the next step is to evaluate a client’s current investments, identify suitable tools and services, determine investment strategy, design a portfolio, provide performance reporting, portal access, and provide accurate investment selection.

About the Author: Charles Marsala is a Financial Advisor with Benchmark Investment Group with Securities offered through LPL Financial, a member FINRA/SIPC. He can be contacted at

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