Do you want to know a dirty little secret about the financial services industry?
Very few advisors are trained to manage and grow a family net worth in excess of $2,000,000.
Because high net worth families require advanced strategies.
These strategies often require specialists like Lawyers, Accountants and Business Valuation Specialists working in sync.
This level of coordination is only trusted to advisors who have an established book of business and who operate as a specialist in their own right.
Think about it, if these professionals are going to trust a financial advisor to call the shots, they don't want them learning with their client's money.
Can you blame them?
Even something as simple as transferring an investment account could cause a high net worth family to pay tens to hundreds of thousands of dollars in taxes if not done properly.
Unfortunately most people learn after it's too late.
It's only after they've been notified by the IRS that they owe more now because of IRC rule XYZ that was unknown to their advisor do they realize this was the most expensive mistake they ever made.