How Insurance Partnerships Help You Better Serve High-Net-Worth Clients

Frances O'BrienManaging the financial assets of high-net-worth (HNW) individuals and their families requires a holistic risk management approach. With today’s high-net-worth individuals and families accumulating, saving and spending money in different manners, wealth management and property and casualty risk mitigation best practices can no longer be viewed in siloes.

Whether it be serving on a non-profit board or employment practice liability-related concerns, a high-net-worth family’s livelihood could be threatened if there is deficient insurance coverage and financial limits of protection. It is in the best interest of high-net-worth individuals to insist that their wealth manager and insurance agent or broker collaborate together in order to streamline efforts and minimize exposure to out-of-pocket costs.

To learn more about how you can protect yourself, read this article from the May 2016 issue of Investment Advisor.

Categories: Family, General Risk
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