Tutors International has reported an increased number of inquiries for private tuition from wealth managers on behalf of their clients.
Wealth managers typically coordinate estate planning, legal and tax advice, and investment portfolios for high-net-worth individuals, while concierge companies are more likely to be involved in arranging support and advice from experts in more domestic affairs such as travel and education. However, Tutors International have remarked on a noticeable blurring of the lines between concierge and wealth management organisations, with wealth management often being provided as a branch of a client’s one-stop advisory service.
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Founder and director of Tutors International, Adam Caller, comments: "Wealth Managers are often in a position to appreciate the non-work stresses of their clients, such as academically-failing children or those with learning difficulties, or stressful exam preparation, for example. Being able to recommend professionals of standing who have a track record of successful management of these things means that the client can spend less time worrying about them, safe in the knowledge that they have the best possible help.
"Not only does this help the client maintain and grow his or her wealth without so much distraction, but it shows that the wealth manager takes a sensible and helpful interest in the overall well-being of their client."
Tutors International has a long history or partnerships with professional organisations to better serve the needs of their clients. Adam Caller is a member of the Independent Educational Consultants Association, and has specialist training in SEN. Engaging an education consultant to provide advice on international education systems, learning options and school applications, or private tutors to address concerns around security, an international lifestyle or problems at school can relieve high-net-worth individuals of many burdens, and wealth managers appear keen to be seen to care for their client’s welfare.
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