Friday, June 13, 2014
The tech industry is still creating billionaires, especially in the social media arena. Financial and estate planners are fighting hard to be the ones to handle their accounts, including using social media themselves to reach out to the newly wealthy tech leaders. However, a planner getting the business is not the end of the challenges of servicing this sector. Many clients in this area do not like a conservative business approach and are used to success that seems to come easy to them.
See Randall Smith, Competition is Stiff to Manage Tech Billions, The New York Times, June 9, 2014.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.