high net worth, referral-only

Modified on Wed, 1 Jul at 2:56 PM

When they say they work with a “referral only program” what does that mean

they will only accept referrals from existing clients so they are not a candidate for our service 

work with  “high net worth” with new clients, - what does that man?

they only work with clients who have $1 million or more so they're not a candidate for our service 

And can you give me an example of what would be a good way to respond to that type of statement? 

ask for a referral "do you have any colleagues that would be happy to work with prospects who have $250,000 up to $1 million of investment assets?"

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