America's "new rich" need help from financial advisers

12/19/2013 | Financial-Planning.com

About 20% of adults in the U.S. now fall into what is being called the "new rich" category and there are several ways financial advisers can help them manage their new-found wealth, says David Edwards, president of Heron Financial Group/Wealth Advisors. Topping the list are getting them set up in automatic investment programs and maxing out their 401(k) retirement plans. If they have children, the new rich should start making monthly contributions to 529 college savings plans, he says.

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