Daybreak From luxury cars to lunch with celebs — wealth managers are going all out to woo the ultra-rich
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Jan 27, 2025 Discover the fascinating world where wealth managers become lifestyle concierges for the ultra-rich. Explore how firms like RedBeryl and Indulge Global are partnering with asset managers to create exclusive experiences. Learn about the innovative ways these professionals cater to extravagant requests, ensuring that their clients feel pampered and valued. Dive into the competitive landscape of luxury lifestyle management, where retaining high-net-worth clients is both an art and a science.
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3 A.M. Dubai Penthouse Request
- A client called Inder at 3 a.m. requesting a penthouse in Dubai.
- This exemplifies the demands wealth managers face from ultra-rich clients.
Discounts for the Ultra-Rich
- Even the ultra-rich appreciate discounts, says Manoj Adlakha of Red Beryl Services.
- A discount enhances the appeal of luxury services.
Pricing Models of Luxury Firms
- Luxury lifestyle management firms have varying pricing models.
- Red Beryl offers a black card with potential savings exceeding its annual fee.