SOURCE: Pillar Wealth MGMT

Pillar Wealth MGMT

February 16, 2016 03:00 ET

Latest Guidance by "Pillar Wealth Management, LLC." Advising Ultra-High Net Worth Families on the Wisdom of Planning for Predictable, Recurring Major Market Shocks

WALNUT CREEK, CA--(Marketwired - February 16, 2016) -  Pillar Wealth Management, LLC, a private wealth management firm to affluent families -- some of whom attained wealth reaching $400 million -- announced today that it has published a timely new article on its blog entitled "Ultra-High Net Worth Families Would Be Well Served To Plan For Predictable and Recurring Major Market Shocks."

The new article, which was written by Pillar Wealth Management's co-founders Haitham "Hutch" Ashoo and Christopher Snyder, points out that while the extreme market volatility that has ushered in 2016 is newsworthy, it is not necessarily new. Major market shocks have struck many times, such as during the oil crisis of 1973, "Black Monday" in 1987, the Dot-Com bust in 2000, the housing bubble collapse in 2008, the gold plunge in 2013 -- to name but a few that have erupted throughout recent history.

"While these occurred at various times and involved different dynamics, the common denominator is that so-called experts at the time were caught off guard," commented Ashoo. "Questions that ultra-high net worth families need to ask are: when these financial disasters hit, how did we feel at the time? What did we experience? How were our family and friends affected? What lessons did we learn, and do we feel we are implementing all the changes necessary to protect ourselves from such repeating yet unpredictable disasters? Indeed, investors' February 2016 investment statements are a tell-tale sign of the truth. They may realize that their advisors' so-called protection strategies did not work as planned, or that they strayed from the agreed upon changes! It may be time to ensure action is taken."

Ashoo and Snyder cite several infamous cases to illustrate how quickly affluence can evaporate, including that of former German tycoon Adolf Merckle, who went from being one of the 100 richest people in the world with an estimated net worth of $9 billion, to committing suicide after suffering financial setbacks during the early part of the Great Recession. 

Added Ashoo: "Not all tales of financial ruin end so dreadfully as Merckle's, but they are happening all around us. It does not take much time at all for decades or generations worth of wealth building to be wiped out. It can literally happen within days and weeks."

With respect to being prepared for when -- not if -- the next market shock happens, Ashoo and Snyder share insights and advice from their new book The Art Of Protecting Ultra-High Net Worth Portfolios And Estates, Strategies For Families Worth $25 Million to $500 Million," which is available at for $675.00. Specifically, they advise ultra-high net worth families to chart a new course, which involves integrating and combining their investment, legal, tax, M&A, soft family matters and other resources.

Commented Snyder: "As we have seen with our clients over the years, working across disciplines empowers ultra-high net worth families to create powerful, long-term financial wealth strategies which bridge financial and lifestyle goals, and enable them to build and fortify a portfolio that withstands surprises."

The full text of Pillar Wealth Management's new article "Ultra-High Net Worth Families Would Be Well Served To Plan For Predictable and Recurring Major Market Shocks" is available at:

About Pillar Wealth Management, LLC

Haitham "Hutch" Ashoo and Christopher Snyder are privileged to have worked with ultra-high net worth families, some of whom attained wealth reaching $400 million, helping them achieve a positive change in their lives and finances. They cofounded Pillar Wealth Management, LLC, an independent, fee based, private wealth management firm. As their clients' go-to advisors, they are brought in to help with investment management, strategic planning, asset allocation, risk control, and tracking of their clients' progress towards life-goals. Their services are provided to a limited number of clients. They only accept a new client when they have determined that there is mutual admiration and respect and only if they can add substantial value to the client's financial life. Learn more at

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