Real Wealth Carries Responsibility - Wissenbach News... -
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Published on: 9/1/2008
Last Visited: 9/15/2009
And for those of us fortunate enough to reach this position of affluence, we all have a Magic Number, according to wealth specialist Stefan Wissenbach.
Stefan runs The Wissenbach Group, a Mayfair-based company which has a number of clients in Surrey.
The company specialises in providing an holistic approach to its clients’ wealth management needs.
“Every one of us has a Magic Number,” Stefan told Surrey Occasions.
“And yet, in all my years in wealth management, I have yet to meet someone who knows what their Magic Number actually is.”
According to Stefan, your Magic Number is the amount of accumulated wealth you need to have in order to be financially independent and in a position to be fortunate enough to be able to choose whether or not to work.
The reason a Magic Number is so important is that until you know it, you simply can’t make any financial decisions because you don’t have a framework or total clarity about your situation.
“Without exception, we find there are only ever two problems,” said Stefan.
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“When a client chooses an adviser, there has to be chemistry on both sides, and it has to be someone you can identify with,” said Stefan.
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Stefan said: “We are delighted to have funded this simple but important initiative to reduce needless suffering among these proud people, and are now planning another initiative with the Fred Hollows Foundation to help build an eye centre in Nepal.”
The company’s relentless pursuit of excellence was rewarded recently when it received ISO 9001 accreditation in recognition of the quality of its systems, services and procedures.
The award was hardly surprising for a business which never settles for the mundane.
When Stefan had a request for a work experience placement, he produced a 50-page booklet containing ten valuable lessons and exercises for the recipient to follow during the week.
The girl went back to school with the booklet and her headmaster was so impressed with it that it was forwarded to the local education authority, which has adopted it as a Benchmark of Excellence for Work Experience throughout their area.
“We have a strong philosophy here of working hard and playing hard,” said Stefan.
“We make sure we motivate our people by handing out a weekly award for effort and holding quarterly away days.
All staff get a personal development plan that is reviewed every 90 days.
It’s worth it – the more time and effort we invest in people, the harder and better they work.”
Stefan Wissenbach is Chairman of The Wissenbach Group, a wealth management and investment specialist consultancy which offers innovative financial strategies and advice to high net worth clients.
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