money money money 751b how do they do it? 👀 investing for the ultra-high net worth (with Scott Fletcher of Woodbury Private)
Dec 18, 2024
Scott Fletcher, Chief Investment Officer at Woodbury Private, specializes in advising ultra-high-net-worth clients. He reveals the intricacies of wealth management, from family offices to bespoke investment strategies. The conversation also touches on the importance of ESG considerations and emotional factors in decision-making. Scott discusses the collaborative approach among financial experts and highlights the evolving practices in philanthropy, including the rising engagement of younger generations and the complexities of digital assets like Bitcoin.
AI Snips
Chapters
Transcript
Episode notes
Woodbury Private Clients
- Woodbury Private manages investments for high-net-worth individuals, from $5 million to $300 million.
- They cater to diverse clients, including C-suite executives, business owners, and celebrities.
Family Offices
- A family office manages the wealth of ultra-high-net-worth families, handling investments, governance, and legacy planning.
- Single-family offices typically manage $1 billion or more, while multi-family offices serve those with less capital.
Gathering Information
- When working with ultra-high-net-worth clients, gather information from existing advisors first.
- This helps understand the client's situation and build trust before offering solutions.