{"id":1688,"date":"2023-10-02T16:24:49","date_gmt":"2023-10-02T20:24:49","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/?post_type=newsroom&p=1688"},"modified":"2023-10-02T16:24:49","modified_gmt":"2023-10-02T20:24:49","slug":"u-s-news-world-report-how-financial-advisors-work-with-billionaires","status":"publish","type":"newsroom","link":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/u-s-news-world-report-how-financial-advisors-work-with-billionaires\/","title":{"rendered":"U.S. News & World Report: How Financial Advisors Work With Billionaires"},"content":{"rendered":"
[vc_row][vc_column width=”1\/1″][vc_column_text uncode_shortcode_id=”657253″]NEPC\u2019s Karen Harding was quoted in a recent U.S. News & World Report article to provide insight into how advisors work with ultra-high-net-worth clients to preserve generational wealth. View the article on U.S. News\u2019 site here.<\/a><\/em><\/p>\n

 <\/p>\n

\n
\n
\n
\n
\n
\n
\n
\n
\n
\n

Managing a billionaire’s finances may entail intricate financial instruments, such as trusts, foundations, and investments in various industries and asset classes. In addition, tax optimization<\/a>\u00a0and estate planning become paramount to preserving wealth across generations.<\/p>\n<\/div>\n

\n

While allocating into a balanced portfolio of cost-effective\u00a0exchange-traded funds<\/a>\u00a0is frequently a winning strategy for mass affluent clients, that’s usually not enough for a billionaire’s assets.<\/p>\n<\/div>\n<\/div>\n

. . .<\/p>\n

\n

“A trusted advisor will work alongside clients to help create and execute a customized portfolio based on their client’s needs and objectives,” says Karen Harding, a partner in the private wealth practice at Boston-based NEPC.<\/p>\n<\/div>\n

\n

The factors a billionaire’s advisor considers include goals and objectives, risk tolerance, tax status, cash flow needs and entity structure in order to build an appropriate portfolio, Harding says. Here are some of the criteria billionaires use when selecting financial advisors to handle their wealth:<\/p>\n