COVID Pivot: Winning new high-value clients with: “Trust, but verify.”
By Anthony Glomski and Russ Alan Prince
Your $5-Million High-Net-Worth Practice
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For the extremely wealthy, financial stress testing is quite common. Just consider the following case.
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A super-rich individual (net worth = $500 million or more) asked us to examine a tax mitigation strategy he was using. He was quite proud of how ingenious it was and how well it worked. The complication was that some of his business dealings were under scrutiny, and he wanted to make sure his wealth planning would not cause any problems. As part of this tax strategy, he had done several things:
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