plus more tips on building your team.
by anthony glomski
your $5 million high-net-worth practice
take a look at the chart above showing an example of the type of professional network to use in your client’s financial life. you can see that the personal cfo is at the center, acting as the coordinator of the team and the single point of contact. his or her primary relationships are with the four other core experts: private client lawyer, accountant, life insurance specialist and the property and casualty agent. these team members then have relationships with the other types of specialists you may need from time to time.
more: your wealth management team needs these five people | wealth management calls for a team of experts | see your client to a graceful exit | check tax effects before liquifying | why you should function as a fiduciary | your entrepreneurs need advice, but which kind?
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finding the right people to help
if you are building your own expert team from scratch, you will need to do your homework and identify good candidates in the key areas in which you need help.
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