A financial executive based in New York City, Jay Zises serves as the chairman of Associated Capital Inc. In this capacity, Jay Zises focuses his efforts primarily on investment management for high net worth individuals. Although the exact definition of “high net worth” varies based on the situation, according to Forbes Magazine, individuals with a net worth of at least $2 million typically fall into this category. Individuals of high net worth will have a wide variety of investment objectives, but they nevertheless share many characteristics in terms of investment habits. In general, high net worth individuals like to allocate their investments across many different advisors and account types. As such, many advisors have stopped trying to convince high net worth individuals to consolidate their assets with one person, preferring instead to bill themselves as a potential “primary advisor.” In the same vein, very few high net worth individuals have achieved that status over the course of their relationship with an advisor. As such, advisors should concentrate more on attracting high net worth clients rather than manufacturing high net worth for clients. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2019
CategoriesAll Community Outreach Education Finance Jay Zises Science Technology University Yeshiva University |