The near-depression-level economic depths that were reached following the financial meltdown of 2008 were so severe that even the super-rich were badly hurt.

“The high-net-worth client has not been immune to this economic downturn,” says Lee Roth, president of Chartis’ private-client group division of North America. “In 25 years in this business I had not seen one economic downturn that affected the high-net-worth clients, but this one was different.”

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