What is the importance of HL lap and mlap

Question

Accepted Answer

HL lap and mlap are important in determining the relationship manager's ability to manage high net worth clients effectively.

HL lap refers to High Net Worth client acquisition and management
MLAP stands for Mass Affluent client acquisition and management
Understanding the differences between the two segments is crucial for effective relationship management
Tailoring services and communication strategies based on client segments can lead to better client satisfaction and retention

Accepted Answer

Legal is most important on HL lap and MLAp profiles.