September 15, 2016
On a scale from religion to sex, how hard is it exactly to talk about wealth?
For the 600 European HNWs we polled, sex came in first as the most difficult topic to speak about. Respondents then voted the grim theme of death and personal relationships as next in line, with wealth falling in the middle of the spectrum above politics, health and religion.
For advisers, this means more attention needs to be paid to personal and psychological perspectives when advising and managing relationships with high-net-worth individuals. Integrating this additional layer of support to the financial aspect can not only improve client-advisor mutual understanding but also help establish the best long term plan.
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