Always acting in the best interest of wealth management clients. That’s the resounding theme of a recent profile in the Financial Times of WE Family Offices CEO Mel Lagomasino.
From leaving Cuba as a child, to her 39-year career in wealth management, to her support for the recent fiduciary rule, Ms. Lagomasino shares how her life experiences drive her passion for putting clients’ interest first.
While Ms. Lagomasino never mentions clients by name, she also shares the experiences of clients that serve as evidence of an industry in need of overhaul. From overpaying on taxes, to excessive management fees, Ms. Lagomasino has seen it all – and it’s the reason she strives to shape the wealth management industry to better serve investors’ interests.
“Fees and taxes matter,” she emphasizes at the close of the Financial Times article. “There is a gap you could drive a 747 through in what clients are really paying and what they think they are paying,” she says.
