ONCE there is US$1 million in the bank, four cars parked in the drive and a yacht moored in Causeway Bay marina, all your financial worries are over, right? Wrong. Staying rich is just as difficult as getting rich, and millionaires face tough financial choices too.
Hong Kong has the highest concentration of millionaires in the world, all of whom face an uncertain political future and a radically changing economic environment. The net result? Wealth protection is at the forefront of their minds.
The well-heeled support legions of private bankers and financial specialists who came into existence to nurture their personal wealth.
But there is a limit to the financial advice you can get from one banker or adviser. At some point, personal requirements may force you to search further afield to find the expertise you need.
This is the premise of Hong Kong's latest financial guide, The Credit Suisse Guide To Managing Your Personal Wealth.
More than 50 experts specialising in fields as diverse as immigration, law, art, accountancy and diamonds contributed to the book.
