What do you buy the high net worth client who doesn't lack for anything? Avoiding material things can be the answer. Adviser Carolyn McClanahan, founder of Life Planning Partners, Inc., finds the best holiday present is a donation to a charitable organization. During the year, Ms. McClanahan asks clients to recommend charities. She then picks three or four and sends donations during the holiday season. Every year and it’s been a big hit with clients. "They like it much better than gift baskets," she said.
Any amount (typically at least $100)
Where to find a local charity