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What It’s Like to Be a Therapist for the Ultrarich

thecut.com · 2,843 words · saved by 1 readers

Financial-advice columnist Charlotte Cowles answers readers’ personal questions about personal finance. Financial-advice columnist Charlotte Cowles answers readers’ personal questions about personal finance. Clay Cockrell always knew he wanted to be a therapist. But growing up in small-town Kentucky, raised by a father who made a living salvaging auto parts, he never imagined that he’d specialize in treating the superrich — or “ultra-high-net-worth individuals,” as he calls them. That changed after he set up his practice in Manhattan and started seeing a wealthy entrepreneur who passed Cockrell’s name around his inner circle. Eventually, Cockrell embraced his niche, and today all of his clients are part of the one percent. While Cockrell now has a unique understanding of what the rest of us might consider “Champagne problems,” he tries to keep a healthy distance. “I’m in their world, but I’m not of their world,” he says. “In some ways, I’m a reality check for my clients,

My Two Cents Financial-advice columnist Charlotte Cowles answers readers’ personal questions about personal finance. Photo-Illustration: by The Cut; Photo: Getty Images Clay Cockrell always knew he wanted to be a therapist. But growing up in small-town Kentucky, raised by a father who made a living salvaging auto parts, he never imagined that he’d specialize in treating the superrich — or “ultra-high-net-worth individuals,” as he calls them. That changed after he set up his practice in Manhattan and started seeing a wealthy entrepreneur who passed Cockrell’s name around his inner circle. Event

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