Working With HNW Overspending Clients

(opens in new tab)Most financial planners and high-net-worth (HNW) advisors find that overspending clients represent some of the most difficult situations in their work. Time spent with these clients is often ineffective and ultimately unsuccessful. This article by two psychologists and a prominent wealth manager explains addictive-type overspending and provides many useful insights into how to assess and potentially help it.