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Article: The New High Net Worth Client Thinks Globally: Wealthy, sophisticated baby boomers are accumulating multinational holdings, ranging from Mexican real estate to Belgian pension benefits. The plans they need are anything but routine.(investment plan that will help them fund their children's education)
- Article from:
- Financial Planning
- Article date:
- September 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bob and Jane, a fiftysomething, American-as-apple-pie couple, arrive at your office. They have lived in your community for the better part of two decades and their teenage son plays with yours on the high school football team. So when they ask you to draw up an investment plan that will help them fund their children's education and their own retirement, with an eye to estate planning, you don't hesitate.
What you don't realize-until it's too late-is that your new clients have a web of international financial connections that make this anything but a routine challenge. Jane's mother is French; the inheritance she expects is a small interest in a French vineyard ...