Advising Clients with Solo Professional Practices

WealthManagement.com
Jun 12, 2015

Martin M. Shenkman 

Practicing as a solo can be incredibly rewarding, even in this era of mega firms.
However, solo practitioners face unique risks, issues and restrictions and so need to
take extra precautions to protect their clients/patients, loved ones and themselves in
the event of illness, disability or death. These steps might be addressed almost
automatically in a larger organization, but not for the solo. There are many optional
approaches. If your client is a solo practitioner, you should work with him to select
the ones that work best for him and proceed diligently to implement them.

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