Affluent families often hire and employ various specialists to help them better manage their wealth. These individuals are often attorneys, CPAs, brokers, investment managers, etc. With so many highly specialized employees overseeing a particularized area, important matters can get lost in the murky spaces nestled between spheres of responsibility. To combat this issue, wealthy families may benefit from hiring a sophisticated family wealth advisor to take charge of the estate. A well-rounded and competent wealth advisor can create a sense of cohesion and unity between professionals who labor in relative confinement.
See Bingham C. Jamison, Estate Planning For The Ultra Wealthy – The Role Of A Family Wealth Advisor, Forbes, August 29, 2017.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.
