Affluent clients often belong to families comprised of several generations: individuals with differing values, preferences, objectives, and geographic locations. They may have a number of tax entities, investment accounts, service institutions, and professional advisory relationships. When these variables act independently of one another and pursue separate objectives, it can result in a fragmented, and unnecessarily risky, financial picture.
These complex relationships require effective management and a well-organized process: wealth management that seeks well-defined, strategic objectives, and tracks success with quality and performance measures.