Issue link: https://info.seic.com/i/1495703
Experienced financial advisors know that ultra-high-net-worth (UHNW) clients encounter more complex issues, have more diverse needs, and require a different level of service than other clients. Serve the Diverse Needs of UHNW Clients with a Comprehensive Wealth Assessment All aspects of a wealth plan should be viewed and assessed holistically as part of a comprehensive analysis that covers each component of a client's financial well-being. CLIENTS TO TARGET UHNW clients who have an open mind and are willing to listen with at least $10MM in investable assets. QUESTIONS TO CONSIDER ASKING CLIENTS AND PROSPECTS Do you have a financial plan or estate plan? When was the last time you re-assessed your financial goals and strategy and efficacy of your wealth transfer plans? Have there been, or soon to be, any subsequent life changes (e.g. marriage, divorce, disability/special needs, addiction issues, change in residence, birth of a child, death of a loved one, sold a business, etc.)? How do your existing documents distribute your assets upon your passing? Do they protect the inheritances of your heirs from potential creditors and/or life events, such as potential divorcing spouses or other relationship/business dynamics? How well prepared are you to deal with changes to the estate planning landscape from a legal and tax perspective? HOW CNR CAN HELP City National Rochdale's Comprehensive Wealth Assessment is a complimentary, holistic service offered in partnership with financial advisors to supplement their existing client value proposition and help them attract and retain more UHNW clients. The Comprehensive Wealth Assessment approach, through your partnership with CNR, recognizes your planning services as the financial advisor and enables you to leverage our consultative service to win more $10MM+ UHNW clients and prospects. Non-deposit Investment Products: • are not FDIC insured • are not Bank guaranteed • may lose value For Investment Professional Use Only