When Clients Want to Manage Their Own Wealth

Businessman sitting on stacks of paper currency

Can they? Maybe. But should they?

By Anthony Glomski

I have told you that your business owner clients will face new challenges, new transitions and new opportunities as they navigate their way through a liquidity event and emerge on the other side. I also have emphasized that you must do everything in your power to help them preserve, protect and maintain the wealth that they have worked so hard to build.

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Nassim Taleb, author of the bestselling book “The Black Swan: The Impact of the Highly Improbable,” argues that we can not only learn to navigate these frightening and overwhelming events, but learn to become stronger as a result of them and to take advantage of the opportunities they provide.

By helping your clients prepare the right way to withstand the next black swan event, you can help ensure that they’ll be able to have a huge impact not only in their life, but in their family’s life, in their community and even in the world at large.