06.05.26

SpaceX IPO Brings ‘Prime Time’ for Advisors Ahead of Wealth Surge

by: Dylan Sloan

SpaceX’s planned IPO is creating an increase in demand for financial advisors as thousands of employees prepare for the possibility of selling stock that has accumulated enormous value over years of private ownership. Many workers, especially younger employees, are facing complex decisions about taxes, estate planning, diversification and wealth management for the first time, with some holding millions of dollars in company equity despite having relatively modest assets elsewhere. Advisors say workers are grappling with complicated lockup rules, uncertainty about when to sell shares and the challenge of managing potentially life-changing wealth.

Read the full article on Bloomberg