Wealth: Grow It and Protect It, Updated and Revised

7. Making Your Most Important Hire

“Recognize the skills and traits you don’t possess, and hire people who have them.”

—Howard Schultz, Chairman, Starbucks

Now that you’ve articulated your values, defined your financial objectives, and chosen a strategy to achieve them, your next step as Wealth Strategist is to make a key hire. You need to select a Financial Administrator.

A Financial Administrator (FA) is the practitioner that every Wealth Strategist should have as a partner in the integration and execution of an integrated wealth management strategy. Although the FA is an individual, he or she is usually affiliated with a financial company and, by extension, the financial industry. The company could be a small component of a large financial ...