Protecting High Net Worth Individuals and Families

Overview

Wealth attracts attention and an increase in personal risk, including the risk of being kidnapped. Why then is there resistance to security among wealthy individuals and families, whether they come from security-savvy hedge fund managers or young parents of families with extensive financial holdings intent upon raising their children “like others” or “without special privileges”? The reason ranges from the expected to the surprising: denial or lack of awareness; reluctance to incur more costs and beliefs that security will be too expensive; and concern about raising anxiety. But rather than being obvious, intrusive, and restricting, best practices in protection can enhance lifestyle, privacy, and convenience.

Advisor Thinking