Wealth planning is all about knowing your client

In this new podcast episode, presented by our Luxembourg-based subject-matter experts Emilia Weijola, Senior Wealth Planner, and Mikko Barlund, Senior Relationship Manager, we explore the role and priorities of wealth planning before deep-diving into regional and cross-border activities and challenges.  

Key take-aways:

• The most important quality for a wealth planner is knowing their client, their situation and their wishes. This requires a good and open relationship where the client feels comfortable discussing confidential topics.
• Wealth planning for HNWI requires both local expertise and a broader knowledge of taxation regimes in specific countries as well as across international and EU jurisdictions. HNWIs need their wealth planners to be well versed in personal tax, corporate tax and inheritance matters in order to provide a comprehensive solution.
• Tax legislation and compliance are continually evolving. Good wealth planning ensures that a client’s assets are optimally managed and comply with the law.