If wealth advisers are so committed to “preservation of capital,” why don’t we spend more time protecting our clients from financial predators and teaching them security techniques?
Hackers, identity thieves and con men threaten portfolios every bit as much as bear markets. In many ways, they are worse: We expect investments to get clobbered once every five to seven years, but financial predators never go away. They’re working all the time–and getting smarter and smarter.
Oh sure, wealth management firms offer various forms of protection against fiscal malfeasance. Most shops require a phone call, for example, to wire money over a certain dollar amount. And trusts can be an excellent tool to thwart financial predators and creditors.
Where are all the white papers from wealth management firms with useful techniques for protecting online identities and other digital information? Read more at The Wall Street Journal.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.