Financial Advisors Should Work In Harmony

Individuals and families with large estates have enough to worry about - they shouldn't have to wonder whether the advisors they depend upon have their best interests at heart, says financial advisor Matthew T. Shafer.

"Many don't realize that wealthy people are targets for criminals and opportunistic people; that's why an estate should have a good team of professionals who work well with each other," says Shafer, author of The Future of Your Wealth, (http://mattshafer.us/).

"Wealthy families - and many middle-class families - have multiple advisors who specialize in different disciplines, including attorneys, tax specialists, insurance agents and the like. A family could find the best specialist in each field, but if these experts do not work in harmony, the results can be dreadful."

These key players are like musicians in a band or orchestra. If they are off doing their own thing with no consideration for the overall production, it will sound terrible, says Shafer, who offers tips for overcoming potential problems within a group of advisors.

Matthew T. Shafer, author of The Future of Your Wealth, (http://mattshafer.us/), has been named one of the top 1,000 Financial Advisors in the U.S. by Barron's Magazine (2009) and has received several national recognitions, including "Premier Advisor" by the National Association of Board Certified Advisory Practices (2012).

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