Reaching the UHNW audience
UHNW audiences require a fundamentally different approach. The conventional channels do not work.
The relevant networks:
Private banks at the UHNW level (Goldman Sachs Private Wealth, JP Morgan Private Bank, Rothschild & Co, Pictet, EFG, Lombard Odier). Their private wealth managers serve as gatekeepers and recommenders to UHNW clients.
Family offices. The wealth management structures that handle UHNW family finances. Single-family offices (SFOs) and multi-family offices (MFOs) are the day-to-day decision-makers for hospitality bookings of UHNW principals.
Concierge services. Quintessentially, John Paul, Ten Lifestyle, Knightsbridge Circle. These services are paid by their UHNW clients to manage hospitality bookings. The right relationships with the concierge team at each service produce introductions.
Auction houses and art world relationships. Christie's, Sotheby's, Phillips, Bonhams. The auction house specialists serve UHNW art collectors and the cross-pollination opportunities are real.
Yacht and aviation brokers. The buyers and charterers of yachts and private aviation are the same UHNW audience. Partnerships with the major brokers in these sectors produce relevant introductions.
The international UHNW networks. London-based luxury hospitality serves significant international UHNW custom from the US, the Gulf, China and Hong Kong, India, and Russia (significantly reduced post-2022). The relationships are with the international concierge networks, the relevant private banks, and the diplomatic and cultural attachés.
Building relationships with these networks takes years. There is no shortcut. The hospitality operators who invest early build referral pipelines that produce the highest-quality custom available.