Seven Steps to Perform a Successful ‘Wallet Dump’

WealthManagement.com
Apr 07, 2020

Susan Joy Bruno, Marc Minker, Martin M. Shenkman 

With most of the country on lockdown, clients are likely going stir-crazy while
getting used to the new normal and, of course, furiously disinfecting everything in
sight.

Here’s an actionable tip for your clients that is not only incredibly valuable but also
simple to do right from their couch. If they drop their wallet while walking the dog,
they’re naturally going to want to liberally wipe it down. Well, this is the perfect time
to perform a “wallet dump” and do some simple financial cleanup while they’re at it.
(Dropping the wallet first isn’t required.) Here’s how it works:

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