Ironically, good fortune often exacerbates the challenges facing high net worth families, whose affluence makes them more vulnerable to investment fraud, kidnapping, cyberattacks and other menaces. Thankfully, advance planning and expert advice can reduce their risk.
“We don’t work from the position of advocating that clients operate in a state of fear, but rather that they just be thoughtful,” says Jordan Arnold, executive managing director and head of K2 Intelligence’s private client service and strategic risk and security practices. “There’s so much you can do to mitigate avoidable threats.”
Following are the best ways to identify and reduce potential dangers.