What the Wealthy Getting Wealthier Means for Your Practice

Young businesswoman using smartphone and tablet at outdoor cafeClient referrals are not enough.

By Russ Alan Prince

The phrase “the rich are getting richer” is right on point. But, in today’s economy, it is a little deceiving.

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Looking at what’s happening, we find that the affluent are under pressure while the wealthy and especially the ultrawealthy, and even more so the super-rich, are still financially distancing themselves from everyone else. What we are seeing is a greater bifurcation of the wealthy.