PEERS
Wealth management: the game never ends, the rules keep changing.

Wealth creates unique challenges, responsibilities and dilemmas. High net worth individuals (HNWI) and their families need to make decisions about the legal and tax structuring of their assets, investments, advisers, professional fees,  family involvement and much else.

Just when you think you have your house in order things change. Think of 2008. Tomorrow there will be more changes.  Simply reacting is not a winning game plan.

Not only the environment changes.  Individuals change too. Your experiences may lead to changes in the way you want to bank or invest. New people come into your life and others fade away. New circumstances may require new arrangements. Advice from banks, asset managers, tax advisers and solicitors can be affected by conflicts of interest. The limitations of old advisers in new situations can become apparent too late.  Family members can be useful advisors or a source of complications.

You may want to be closely  involved in your wealth management or you may prefer to delegate and outsource as much as possible  However, you will at least have to stay up to date and connected enough to play your role as overseer, expediter and ultimate decision maker.