I feel for them, really I do. Now I can sleep soundly at night, knowing the neediest among us have someone to help them through their misery……

“FOR ULTRA-RICH CLIENTS, financial-advisory firms provide all kinds of specialists. There are wealth planning specialists, risk management specialists, insurance specialists, trust specialists, and so on. Firms are starting to recognize, however, that this array of specialists isn’t qualified for the more emotional — and sometimes darker — side of big bucks.

That’s where the money shrink comes in.

About six months ago, Wells Fargo’s Private Bank hired two part-time “wealth psychologists” to work in its family wealth group. They’re not paid to diagnose depressed employees, but rather to help integrate the bank’s financial-planning services with the sensitive family issues involved in acquiring and inheriting wealth.”

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