What You Must Know
- The Personal Shopper Options service was designed in response to the distinctive and evolving wants of advisors’ rich purchasers.
- The corporate says PCS will facilitate coordination between subject material consultants providing steering on funding administration, tax planning and succession and acquisitions.
- The service is out there to the agency’s 3,800-plus monetary professionals following a 14-month beta take a look at.
Cambridge launched a brand new Personal Shopper Options (PCS) service that it stated Tuesday was designed to assist advisors meet the wants of their high-net-worth and ultra-high-net-worth purchasers.
The brand new providing will “leverage Cambridge’s assets throughout a number of practical areas and draw on the experience of execs from key enterprise models throughout the agency to additional empower affiliated monetary professionals,” the monetary options agency stated in a information launch.
The service is a part of Cambridge’s broader Shopper Options platform that gives specialised steering to advisors and different monetary professionals to assist their finish purchasers, it stated.
The Shopper Options platform already supplied a full collection of case design, session and training that Cambridge stated are targeted on the distinctive wants of unbiased monetary professionals and their investing purchasers.
The brand new PCS service will use “cutting-edge know-how instruments, superior planning assist, and observe administration assets to supply seamless, rigorously tailor-made service approaches,” Cambridge stated.
“Cambridge has at all times supported its monetary professionals and their respective” high-net-worth and ultra-high-net-worth purchasers by means of “casual assist by numerous groups and associates across the agency,” Jeff Vivacqua, president of development and improvement for the corporate, instructed ThinkAdvisor on Tuesday.
“Areas of experience have at all times been centered on funding administration, tax planning, and succession and acquisitions to call only a few,” he stated. The brand new PCS providing, nonetheless, “creates one entry level for our monetary professionals that brings coordination between our subject material consultants throughout the agency for a seamless expertise,” he famous.
“Cambridge’s development facilities on natural, acquisition, and recruiting alternatives,” he went on to elucidate. “We imagine our monetary professionals share these identical sorts of alternatives with small enterprise homeowners, high-net-worth and ultra-high-net-worth purchasers. To handle these evolving wants, we recognized options that symbolize the perfect components of our total firm.”