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The last time financial advisors had to bone up on their knowledge of new business organizations was in the early 1990s, when LLCs were taking the American business scene by storm.
As a financial advisor for high-net-worth individuals, you face a unique range of challenges, not the least of which is how to provide your clients with an effective, rapid response to their requests no matter where in the world they are.
Knowing as much as possible about how criminals think and act will lead to better security for your wealthy clients.
Strategies for converting business-owner equity into retirement wealth.
Defective title can be a financial and public relations nightmare for wealthy art collectors.
The ultra-affluent can often attract the less savory elements of society—in other words, criminals. Without question, the top priority of most wealthy individuals is the safety of their loved ones and themselves. These concerns prompt many of them to take precautionary steps. What follows are common approaches taken by private security professionals to help wealthy individuals and families protect human and capital assets.
Experts have estimated that as many as 75% of private jet aircraft owners do not fully comply with government regulations regarding ownership and operation of their aircraft. While private aircraft provide comfort, security and convenience, this failure to comply with the law threatens to ground the aircraft and subject the owner to serious legal and financial consequences.
Then it comes to the wealth preservation and investment planning work that advisors do for high-end clients, it's often as much about what you help them keep as is it about what you help them earn. But what many advisors don't think about is the ever-present threat that is even more dangerous than a free-falling stock market. The stock market will bounce back, but a client may never recover from the costs of a successful lawsuit.
So there you are, in your office, connected to the world by an Ethernet cable or a wireless connection. Your local network and all the Internet has to offer is right there, just for you. Somewhere on that network there is something called a firewall and a VPN, anti-virus and spyware programs, and perhaps even an intrusion detection/prevention system (IDS/IPS). Security? "Hey, I'm fine. Who's going to get through all this stuff?" you regularly tell yourself. "I mean, really, who's even going to know I'm here? Hackers usually go after the 'big guys,' all those name-brand companies, right?"
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Knowing as much as possible about how criminals think and act will lead to better security for your wealthy clients.
Strategies for converting business-owner equity into retirement wealth.
Defective title can be a financial and public relations nightmare for wealthy art collectors.
The ultra-affluent can often attract the less savory elements of society—in other words, criminals. Without question, the top priority of most wealthy individuals is the safety of their loved ones and themselves. These concerns prompt many of them to take precautionary steps. What follows are common approaches taken by private security professionals to help wealthy individuals and families protect human and capital assets.
Experts have estimated that as many as 75% of private jet aircraft owners do not fully comply with government regulations regarding ownership and operation of their aircraft. While private aircraft provide comfort, security and convenience, this failure to comply with the law threatens to ground the aircraft and subject the owner to serious legal and financial consequences.
Then it comes to the wealth preservation and investment planning work that advisors do for high-end clients, it's often as much about what you help them keep as is it about what you help them earn. But what many advisors don't think about is the ever-present threat that is even more dangerous than a free-falling stock market. The stock market will bounce back, but a client may never recover from the costs of a successful lawsuit.
So there you are, in your office, connected to the world by an Ethernet cable or a wireless connection. Your local network and all the Internet has to offer is right there, just for you. Somewhere on that network there is something called a firewall and a VPN, anti-virus and spyware programs, and perhaps even an intrusion detection/prevention system (IDS/IPS). Security? "Hey, I'm fine. Who's going to get through all this stuff?" you regularly tell yourself. "I mean, really, who's even going to know I'm here? Hackers usually go after the 'big guys,' all those name-brand companies, right?"
Personal security has emerged as a top concern among the wealthy in recent years. Our high-net-worth research reveals that the majority of affluent respondents feel their wealth makes them a target for criminals and opportunists, they fear for their own safety and that of their family and friends, and expect things to worsen with time. This mindset, of course, paints a very bleak picture for the future of the luxury lifestyle favored by the wealthy.
A foreign asset protection trust can land your client in jail. A domestic one could get him an audience with the U.S. Supreme Court. And the private wealth advisor who fails to mention either to the client just might get slapped with a lawsuit. Yes, the arcane world of asset protection trusts is bristling with danger as well as opportunity. An APT allows an affluent individual who satisfies certain conditions, known as the settlor or grantor, to place a portion of his wealth beyond the reach of creditors while remaining a trust beneficiary. Fear of losing wealth to divorce or lawsuit is the primary reason affluent clients create one of these self-settled trusts.
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Knowing as much as possible about how criminals think and act will lead to better security for your wealthy clients.
Strategies for converting business-owner equity into retirement wealth.
Defective title can be a financial and public relations nightmare for wealthy art collectors.
The ultra-affluent can often attract the less savory elements of society—in other words, criminals. Without question, the top priority of most wealthy individuals is the safety of their loved ones and themselves. These concerns prompt many of them to take precautionary steps. What follows are common approaches taken by private security professionals to help wealthy individuals and families protect human and capital assets.
Experts have estimated that as many as 75% of private jet aircraft owners do not fully comply with government regulations regarding ownership and operation of their aircraft. While private aircraft provide comfort, security and convenience, this failure to comply with the law threatens to ground the aircraft and subject the owner to serious legal and financial consequences.
Then it comes to the wealth preservation and investment planning work that advisors do for high-end clients, it's often as much about what you help them keep as is it about what you help them earn. But what many advisors don't think about is the ever-present threat that is even more dangerous than a free-falling stock market. The stock market will bounce back, but a client may never recover from the costs of a successful lawsuit.
So there you are, in your office, connected to the world by an Ethernet cable or a wireless connection. Your local network and all the Internet has to offer is right there, just for you. Somewhere on that network there is something called a firewall and a VPN, anti-virus and spyware programs, and perhaps even an intrusion detection/prevention system (IDS/IPS). Security? "Hey, I'm fine. Who's going to get through all this stuff?" you regularly tell yourself. "I mean, really, who's even going to know I'm here? Hackers usually go after the 'big guys,' all those name-brand companies, right?"
Personal security has emerged as a top concern among the wealthy in recent years. Our high-net-worth research reveals that the majority of affluent respondents feel their wealth makes them a target for criminals and opportunists, they fear for their own safety and that of their family and friends, and expect things to worsen with time. This mindset, of course, paints a very bleak picture for the future of the luxury lifestyle favored by the wealthy.
A foreign asset protection trust can land your client in jail. A domestic one could get him an audience with the U.S. Supreme Court. And the private wealth advisor who fails to mention either to the client just might get slapped with a lawsuit. Yes, the arcane world of asset protection trusts is bristling with danger as well as opportunity. An APT allows an affluent individual who satisfies certain conditions, known as the settlor or grantor, to place a portion of his wealth beyond the reach of creditors while remaining a trust beneficiary. Fear of losing wealth to divorce or lawsuit is the primary reason affluent clients create one of these self-settled trusts.
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The last time financial advisors had to bone up on their knowledge of new business organizations was in the early 1990s, when LLCs were taking the American business scene by storm.
As a financial advisor for high-net-worth individuals, you face a unique range of challenges, not the least of which is how to provide your clients with an effective, rapid response to their requests no matter where in the world they are.
Knowing as much as possible about how criminals think and act will lead to better security for your wealthy clients.
Strategies for converting business-owner equity into retirement wealth.
Defective title can be a financial and public relations nightmare for wealthy art collectors.
The ultra-affluent can often attract the less savory elements of society—in other words, criminals. Without question, the top priority of most wealthy individuals is the safety of their loved ones and themselves. These concerns prompt many of them to take precautionary steps. What follows are common approaches taken by private security professionals to help wealthy individuals and families protect human and capital assets.
Experts have estimated that as many as 75% of private jet aircraft owners do not fully comply with government regulations regarding ownership and operation of their aircraft. While private aircraft provide comfort, security and convenience, this failure to comply with the law threatens to ground the aircraft and subject the owner to serious legal and financial consequences.
Then it comes to the wealth preservation and investment planning work that advisors do for high-end clients, it's often as much about what you help them keep as is it about what you help them earn. But what many advisors don't think about is the ever-present threat that is even more dangerous than a free-falling stock market. The stock market will bounce back, but a client may never recover from the costs of a successful lawsuit.
So there you are, in your office, connected to the world by an Ethernet cable or a wireless connection. Your local network and all the Internet has to offer is right there, just for you. Somewhere on that network there is something called a firewall and a VPN, anti-virus and spyware programs, and perhaps even an intrusion detection/prevention system (IDS/IPS). Security? "Hey, I'm fine. Who's going to get through all this stuff?" you regularly tell yourself. "I mean, really, who's even going to know I'm here? Hackers usually go after the 'big guys,' all those name-brand companies, right?"
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