Many successful clients fail to recognize how the changing nature of risk can potentially impact their wealth. This is especially concerning given that many property & casualty exposures are growing quickly in terms of both frequency and cost. (Photo: Shutterstock)
For the first time, high-net-worth individual wealth has surpassed the $70 trillion benchmark, according to Capgemini's 2018 World Wealth Report. While this unprecedented level of wealth is certainly keeping wealth managers and financial advisors busy, it's also having a significant impact on independent agents and brokers. Or, at least, it should be.
Instead, many successful clients fail to recognize how the changing nature of risk can potentially impact their wealth. This is especially concerning given that many property & casualty exposures are growing quickly in terms of both frequency and cost.
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