There's no denying the increasing importance of the global economy; advisors need a worldly outlook to best serve their clients. International travel can help achieve such a vision meaningfully. An observant financial planner who trots the globe may learn from unlikely sources, making themselves less parochial and more sophisticated about investing globally.
“We didn’t just look at the animals,” Marilyn Plum of Ballou Plum Wealth Advisors in Lafayette, Calif. She’s talking about her photo safari trip this August to Kenya and Tanzania. Although her client’ global investments have grown in recent years, they have not grown enough to justify investment-related due diligence trips overseas, Plum concedes.
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