You’re reading this online. You’re probably reading most (if not all) of your content online. Like it or not, what happens on these screens is a major part of our lives today, and if you’re not here, using this platform to reach your audience, you’re missing out. In the rapidly evolving landscape of financial services, the shift toward establishing a…
In this case study, we examine the insurance strategies of two first-generation entrepreneurs, Joshua and Edward, who are now in their late seventies. They didn’t inherit their businesses; they built them from scratch decades ago. Their empires have gone global, with the second generation now running the show. The Challenge: Despite their successes, both Joshua and Edward were facing a…
I love this question, especially when it comes to me from my high and ultra-high-net-worth clients: But Rickson, do I really NEED Life Insurance? You see, for the ultra-high net worth individual ‘need’ is evaluated differently. It’s not an affordability conversation. There is no opportunity cost because when you’ve got unending means and resources, tapping into one opportunity doesn’t mean…
Up until very recently, I used to serve two right-fit client categories: The High Net Worth (HNW) Entrepreneur and the High-Income Executive. The High-Income Executive group comprised individuals who were in C-suite positions with the powerhouse companies – the Fortune 500s, the big airlines, the energy giants. These executives typically earn an income between US$ 500,000 to US$ 1.5 million…
In my 21+ years as a life insurance and financial services advisor, dealing with high-level executives and top-performing entrepreneurs, I’ve met clients with different levels of experience with investing. It’s interesting to hear the questions that come up in my meetings, these questions have mostly been around restructuring existing portfolios. If you’ve been having doubts like: Why don’t all of my asset classes perform…
A question I’d like you to play with is, “how much do I trust my financial advisor?”. Is the trust enough for you to give them total responsibility on the handlings of a lifetime’s worth of wealth? If you’ve been having doubts about this, that’s great. Always question everything. If not, then you definitely should be. One of the critical distinguishing factors that determine an…
