Delivering Strategic Wealth Planning Services for High-Net-Worth Clients

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:

1. The wealth management industry requires a multidisciplinary approach to problem-solving, combining expertise in law, finance, and other domains.

2. Communication is the biggest challenge in preserving wealth across generations, and conflict resolution is crucial in avoiding destructive situations.

3. The ultra-high net worth space requires independent advice and a focus on minimizing conflicts of interest.

4. 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:

• Spotify

• Apple Podcasts

• Youtube

• Google Podcasts

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