Wealth Mangement
How are Hispanic Private Bank clients different from other Private Bank clients? What are the cultural, social and “worldview” attitudes that inform their goals, objectives and risk levels? Although each Private Bank client is different, there are common influences that create certain tendencies that distinguish one group of clients from others. At Hispanic Economics, we understand the cultural and social nuances that shape the values and objectives of the Hispanic Private Bank client. We also understand the Hispanic worldview, crucial to reaching this client.
We assist Private Bankers reach Hispanics both in the Unites States and internationally by developing marketing programs to which high net worth Hispanics respond. Specifically:
Comprehensive plans
We review your marketing program, tailoring it to be more responsive to the needs of Hispanic Private Bank clients. This includes how to understand the client’s complete financial picture, which consists not only of investments, trusts, insurance and alternative assets, but also the longer goals of the client’s familial and business obligations. We design comprehensive plans that not only integrate these components into a single wealth management program for the client, but also are able to evolve and change over time and through unexpected financial and economic developments.
Sensitive to specific questions
Among the questions that Hispanic Private Clients need their Private Bankers we address include:
- Is my investment portfolio flexible enough to reflect my financial goals as they are impacted by exchange rate fluctuations and the responsibilities to my dependents?
- Am I making the appropriate use of credit available to me?
- Is a significant portion of my portfolio adequately denominated in a reserve currency?
- Am I taking advantage of the adequate tax planning strategies for what I want to accomplish?
- Do I have adequate insurance coverage appropriate for my property, my dependents and my lifestyle?
We provide a team effort
We assist Private Bankers work with their Hispanic Private Bank clients’ attorneys, accountants and other advisors, in the United States or abroad, to determine the planning strategies that can best enable high net worth Hispanic clients achieve their goals.
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