From Investing.com: 2025-06-19 09:03:00

High-net-worth individuals face unique financial challenges that traditional investment advice may not address. From complex tax situations to multi-generational wealth transfer, a tailored wealth management strategy is essential. HNWIs are exposed to market risk, liability risks, and legal vulnerabilities that require specialized planning. Minimizing taxable income, managing estate taxes, and planning for state tax liabilities are crucial considerations for HNWIs. A customized financial plan that aligns with lifestyle goals, adapts to changing circumstances, and includes contingency planning is key. Working with a multi-disciplinary team of professionals is essential for successful high-net-worth financial planning.



Read more at Investing.com: Why Traditional Investment Advice Fails High-Net-Worth Individuals