Navigating risk, wealth and public prominence

Originally published by Raymond James.

From privacy and cybersecurity to legal and reputational risks – are you prepared for what’s out there?

Whether you’re a high-net-worth individual, a public figure or both, your life is complex. You’re exposed to different degrees of risk that not every individual faces, and your approach to risk management requires a carefully measured approach. Discover steps you can take to help ensure your long-term planning protects the wealth you’ve worked hard to build.

Cybersecurity threats.

In a digitally connected world, keeping up with ever-evolving threats can be tricky. But for high-net-worth families and public figures, cybersecurity breaches can be especially harmful – making managing risk an imperative. Data from Campden Wealth indicates more than a quarter (28%) of high-net-worth individuals have experienced a cyberattack.

Cyber threats are deceptive and can come in a variety of forms, from device hacking and ransomware to gaining access to sensitive and confidential information that belongs to you and your family. Through the influx of smart devices into our homes, intruders have devised methods of breaking into voice-activated devices and self-driving cars.

To manage cyber risks, you may consider limiting and controlling account access, and investing in encryption for email and cell phones. Because threats in the digital world can emerge rapidly, you may want to seek the support of a professional third-party reputation service to discover and eliminate vulnerabilities.

Privacy at risk.

Preserving privacy in today’s world can be challenging – but not impossible. In fact, protecting your privacy can be an important step in protecting your assets, including your wealth or property. While asset protection doesn’t involve hiding assets, it can provide you with a safeguard against losses and an opportunity to anonymize spending, such as donations.

For example, donor advised funds (DAFs) are well-known for their tax advantages and flexibility in making distributions of charitable contributions. Because DAFs are managed by a sponsoring charity, they also provide donors the option to recommend grants with their charitable dollars privately and anonymously specify the fund’s use or purpose.

By keeping donation information private, you also strengthen the shield that protects the assets you possess and information that might be leveraged against you regarding the causes you care about. For that reason, financial and legacy planning can play an important part in preserving the anonymity of you and your loved ones.

Reputational and legal issues.

Intrusive communication or privacy infringement from the outside can create a lot of stress. As a high-net-worth individual or family, harassment or an incursion on your privacy may arise due to media scrutiny, negative publicity or even philanthropic activities that draw attention. It’s important to view your and your family’s reputation as an asset in itself.

Reputational threats don’t typically appear suddenly and without warning. Managing risks around reputation – and any potential subsequent legal battles or grievance pursuits – often relies on proactivity and situational awareness. Be mindful of the content and information you or your family members post on social media; keep conversations about passions, work or travel plans generic in public places; and in the event a reputational incident occurs, respond in a level-headed way that avoids negative behaviors.

Having proper titling of designated or high-value assets, comprehensive insurance coverage and clear separation of assets between business and personal, in case of litigation, are just a few more steps you may consider taking to protect your reputation.

Embed risk management into your financial plan.

A sound financial plan considers your risk profile, tolerance and potential exposure. It’s important to be thoughtful – not fearful – of the risks out there. Support is available to ensure you and your family are safeguarded from potential threats in the long term. Talk to your financial advisor to discuss how you can implement robust risk management into your financial and legacy planning.



Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. OnPoint Community Credit Union and OnPoint Investment Services are not registered broker/dealers or registered investment advisers, and are independent of Raymond James Financial Services, Inc. and Raymond James Financial Services Advisors, Inc.

Securities and investment advisors services are:

Not a bank or credit union deposit, obligation or guarantee

May lose value


Not insured by any federal government agency

[hidden_text]Not a bank or credit union deposit, obligation or guarantee[/hidden_text]

Not a bank or credit union deposit, obligation or guarantee.

[hidden_text]May lose value[/hidden_text]

May lose value.

[hidden_text]Not FDIC or NCUA/NCUSIF Insured[/hidden_text]

Not FDIC or NCUA/NCUSIF Insured.

[hidden_text]Not insured by any federal government agency[/hidden_text]

Not insured by any federal government agency.

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.

Any opinions are those of OnPoint and not necessarily those of Raymond James.  Expressions of opinion are as of this date and are subject to change without notice.  There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.  Investing involves risk and you may incur a profit or loss regardless of strategy selected.

* Banking/Lending services not provided through Raymond James.

Note: Email should not be used to share important or sensitive information.

The security and privacy of your information is important to us. When communicating with us via email please do not send any information that is considered confidential or sensitive in nature. If you need to communicate any personal information (account numbers, social security number, etc.) please feel free to call the number listed in my profile or contact OnPoint Member Services at 503.228.7077 or 800.527.3932.



You are leaving OnPoint Community Credit Union.

The website you are about to visit is the responsibility of the party providing the site. Any transactions you enter into through this third-party site are solely between you and that vendor, merchant or other party. OnPoint’s Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of this site.



Cancel Accept