Whereas many monetary advisory corporations search to maneuver ‘upmarket’ and serve high-net-worth and ultra-high-net-worth purchasers, these purchasers sometimes require (and infrequently demand) a distinct stage of service—and may profit from a extra built-in expertise throughout authorized, tax, and monetary domains. For these corporations, creating environment friendly operational techniques is paramount, significantly on the subject of the processing and safety of their frequent high-dollar transactions.
Stephanie Hughes is the CEO of Wiss Household Workplace, a multi-family workplace primarily based in Florham Park, New Jersey, that oversees roughly $1 billion in AUM for 220 households. Hear in as Stephanie shares how her agency delivers a “one-stop store” expertise that reduces consumer stress by consolidating monetary, tax, and authorized providers below one roof. We speak concerning the significance of integration and inside communication throughout service strains, the instruments her crew is constructing to observe consumer exercise and forestall fraud, and the way inside workflows help the agency’s high-volume, high-stakes consumer transactions. Stephanie additionally explains the worth of being affiliated with a tax agency, and the way that connection drives each robust referrals and instant consumer belief.
For present notes and extra go to: https://www.kitces.com/460