Accumulated Wealth? Here’s What to Do Next

When individuals accumulate and save substantial amounts of wealth, there is a point where it becomes difficult to know exactly where to place and invest the funds. There are many in-person and online resources that provide advice tailored to a client’s specific needs. But before choosing a firm, do some research. Figure out what it is exactly that you need. If you are in the market for a multi-generational financial planner, then online resources may not be appropriate.

It is also extremely important to get to know your potential advisor. Ask about their methodology and how they plan to invest your funds. Look at their returns from year to year. Finally, and possibly most importantly, make sure your advisor is who they say they are, are actually backed by the credentials on their card, and have not been subject to disciplinary action by any professional organization.

See Robert Powell, Accumulated Wealth? Here’s What to Do Next, USA Today, July 9, 2017.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.