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Your center for insurance and risk management tips, news and trends.

Why Risk Management Belongs in Your Client’s Portfolio

Posted by Parker Beauchamp on Jan 11, 2016

This post originally appeared on WealthManagement.com.

The high net worth (HNW) and ultra high net worth (UHNW) population continues to grow, with a global UHNW population at a record high of 211,275, according to The Wealth-X and UBS World Ultra Wealth Report 2014.

Greater wealth offers these individuals more investments opportunities and heightened discretionary income, resulting in a web of assets, staff and advisors. But the flip side of every asset is liability.

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Topics: Wealth Management

Estate Managers: Protect Host and Guests When Entertaining

Posted by Parker Beauchamp on Dec 29, 2015

Everyone loves a good excuse to get together with friends, family and co-workers to have a great time, including your principal. As an estate manager, that means it’s time to get the planning started.

Before diving into the exciting details to ensure guests have fun all night long, take the necessary steps to keep everyone out of harm’s way. Avoid added stress when planning your principal’s extravagant event by following these four critical tips to protect high net worth homes and guests.

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Topics: Wealth Management

6 Considerations for Employing Domestic Workers in High Net Worth Homes

Posted by Parker Beauchamp on Oct 26, 2015

Many Americans employ domestic workers. According to the latest Census data, there are more than 700,000 working in the U.S.

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Topics: Wealth Management

How to Grow Wealth Faster Through Proactive Risk Management

Posted by Parker Beauchamp on Sep 15, 2015

There are now 10.1 million millionaires in the U.S., up from 9.6 million in 2013. At the current rate, nearly 500,000 people will become millionaires this year, ushering them into what is often considered the threshold for high net worth individuals (HNWI).

Whether you are a HNWI or simply in a high tax bracket, wealth management brings its share of challenges and risks. Risk management is essential to protect and grow your personal wealth.

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Topics: Risk Management, Wealth Management

Why Stars Should Think Twice Before Agreeing to Celebrity Appearances

Posted by Parker Beauchamp on May 14, 2015

The red carpet is buzzing; cameras are snapping. The movie premiere was off to a great start, until a crazed fan ran onto the red carpet, knocking paparazzi and their cameras to the ground. Now an award-winning photographer has filed a lawsuit against the film studio, theater, venue, caterers, promoter and A-list cast, seeking damages for his shattered equipment, broken hand and lost work. 

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Topics: Risk Management, Wealth Management