Delivering Strategic Wealth Planning Services for High-Net-Worth Clients with Frazer Rice
Episode 019: For high-net-worth families, wealth is more than just numbers on a balance sheet. It represents a legacy, a responsibility, and a means to achieve their unique aspirations.
In this week’s episode of Milemarker’s Connected Podcast, I talk with Frazer Rice, Director of Family Office Services at Next Capital Management. We talk about the role of family office services in managing the wealth and lifestyle of high-net-worth individuals and families as well as the importance of communication and conflict resolution in preserving wealth across generations.
Here are a few key takeaways from this week’s ep:
The wealth management industry requires a multidisciplinary approach to problem-solving, combining expertise in law, finance, and other domains.
Communication is the biggest challenge in preserving wealth across generations, and conflict resolution is crucial in avoiding destructive situations.
The ultra-high net worth space requires independent advice and a focus on minimizing conflicts of interest.
Technology can enable advisors to better serve clients, but manual labor and personal relationships will continue to play a significant role.
The episode is available now on your favorite podcast platform:
While there, please don’t forget to Download, Like, and Subscribe.
If you’d like to schedule a time to talk with me about anything we cover on our podcast or Milemarker, click here to grab 15 minutes.
Kyle Van Pelt