The biggest challenge luxury real estate agents face when buying holiday gifts for high-net-worth clients is choosing something that strikes the right balance between personal and splendid while not being too generic. These individuals often have access to premium products and experiences, so selecting a gift that aligns with their tastes can be difficult.
There are other challenges too, including:
- Maintaining professionalism: The gift should be thoughtful and professional, avoiding overly intimate items that could cross boundaries.
- Staying within your budget: While luxury gifts are expected, agents need to balance the cost of the gift with their overall business expenses.
- Needing to make an impression: The gift needs to leave a lasting positive impression, reinforcing the agent’s relationship with the client rather than feeling like just another seasonal gesture.
The stakes involved in finding just the right gift are, naturally, high—you certainly want to be remembered, but for the right reasons. Let me make your choice easier by suggesting five of the best holiday gifts for high-net-worth clients well suited to their desires and tastes.
But before launching into the list, a reality check is in order: there is no such thing as the perfect holiday gift. Each of the ideas below should be weighed against your priorities and the attributes of each client, so in addition to extolling their virtues, I provide some additional food for thought to help you finalize your selections.
1. Personalized fine leather goods
This type of gift includes high-quality leather products such as briefcases, handbags, wallets, luggage tags, and portfolios, tailored to the client’s preferences. Options from prestigious brands like Hermès, Smythson, and Aspinal of London are long-lasting, practical, and stylish, ensuring that the gift feels both luxurious and functional.
As one of the best holiday gifts for high-net-worth clients, fine leather goods meet several of the criteria listed above:
- Timeless appeal: Such items are associated with sophistication and durability, making them a gift that stands the test of time.
- Personalization: You can customize items with embossed initials or a subtle engraving to add a thoughtful and bespoke element.
- Practicality: Whether used for business or travel, these items have practical applications that clients can appreciate in their daily lives.
- Professionalism: Fine leather goods are elegant without being overly personal, maintaining a professional tone while still impressing.
While this idea meets many of the demands of a luxury gift, some potential drawbacks may not make it the best choice:
- Cost: High-quality products from premium brands can be expensive, which might strain your budget, especially if you have multiple high-net-worth clients.
- Risk of mismatched taste: Even with personalization, the item might not align with your client’s style preferences, especially if they already own more luxurious or specific brands.
- Overly formal: While professional, leather goods can sometimes feel impersonal or too formal, particularly if your client prefers more creative or experience-driven gifts.
2. Exclusive wine or spirits subscription
An exclusive wine or spirits subscription—such as one from the California Wine Club or the Scotch Malt Whiskey Society—delivers curated selections of rare and high-end bottles, often directly from renowned vineyards or distilleries. Each new arrival may include tasting notes, pairing suggestions, and background on the region, winemaker, or distiller. Accompanying the subscription with a luxury accessory, like an engraved decanter or set of crystal glasses, can further elevate the experience.
I’ve included this option among the best holiday gifts for high-net-worth clients because of its particular advantages:
- Ongoing value: A subscription offers repeated touchpoints throughout the year, keeping you top-of-mind with each delivery.
- Personalized tastes: If you know your client’s preferences for specific wines or spirits, it shows a deep level of consideration.
- Luxurious experience: Wine and spirits are synonymous with celebration and luxury, making this gift ideal for high-net-worth clients who enjoy the finer things.
- Shareable: It provides opportunities for clients to share the experience with friends and family, deepening its impact and memorability.
That said, there are some potential drawbacks of this nonetheless enticing gift that you might want to give some thought to:
- Cost over time: Though it provides ongoing value, a subscription is a recurring expense, and the cumulative cost can be significant.
- Preference missteps: If you’re unsure of your client’s preferences or dietary restrictions (for example, a client may not actually drink alcohol at all), the gift could fall flat or be entirely inappropriate.
- Logistical challenges: Depending on shipping laws or your client’s location, delivering alcohol can be complex, requiring special licenses or services, especially across state or country borders.
3. Gourmet food gift basket with a local touch
Truthfully, I’d be envious of someone who received a carefully curated gourmet gift basket. Who wouldn’t want an assortment of artisanal, high-end delicacies, such as handmade chocolates, rare teas, specialty coffees, cured meats, and fine cheeses. Add a personal touch, like a jar of small-batch honey, a bottle of wine, or baked goods from artisans in your client’s region, have it packaged in an elegant container like a wicker basket or wooden crate, and voilà—you have a top contender for one of the best holiday gifts for high-net-worth clients. Such a gift offers:
- Regional flair: Incorporating local products personalizes the gift, acknowledging your client’s regional tastes.
- Luxurious variety: The high-quality nature of the included items ensures that your client experiences luxury with each one, making the basket a true indulgence.
- Practical enjoyment: This gift is highly consumable, making it less of a gamble than more permanent items, and can be shared with family or guests during the holiday season.
- A thoughtful gesture: A gourmet basket shows a refined taste and thoughtfulness, highlighting the effort put into curating a delightful culinary experience.
Despite these benefits, there are gift experts like John Ruhlin, author of Giftology: The Art and Science of Using Gifts to Cut Through the Noise, Increase Referrals, and Strengthen Retention (#ad), who strongly advise against giving gifts of food to clients. (He explains why in his Stay Paid podcast interview.) And when measured against the criteria proposed at the beginning of this blog, food does fall short in some significant ways:
- Perishability: Many items in a gourmet gift basket are perishable, meaning that if the client is away or doesn’t use them quickly enough, they could spoil. That’s a bit like throwing money right into the trash can.
- Generic feel: Even with local touches, a gift basket can feel like an impersonal choice if not curated with sufficient thought. Link this worry with the fact that loads of food gifts are typically sent during the holidays, and there’s a good chance your gift will be less unique and memorable.
- Budget concerns: High-end gourmet items can be pricey, especially when sourced locally or from niche producers. When combined with shipping costs, this can inflate the overall cost of the gift.
- Dietary preferences or restrictions: If your client or someone in their family has allergies, dietary restrictions, or specific tastes, a gourmet basket could contain items they can’t or won’t consume, making it feel less thoughtful.
4. Private dining experience with a renowned chef
This gift involves arranging an intimate dining experience with an acclaimed chef, either at a prestigious restaurant or within the privacy of the client’s home. The occasion could feature a multicourse meal with personalized menus crafted to cater to your client’s tastes and preferences. Such a gift offers exclusivity and can be augmented with wine pairings, a sommelier, or even live entertainment for a more immersive event. In this way, it checks a lot of boxes:
- Memorability: A private dining experience is unforgettable, especially when tailored to your client’s culinary tastes and preferences.
- Personalization: This gift is entirely custom to make it feel highly exclusive and tailored, which high-net-worth clients appreciate.
- Social compatibility: Clients can enjoy this experience with friends, family, or colleagues, enhancing its value through shared memories and conversations.
- Luxury and exclusivity: The involvement of a renowned chef adds an element of prestige, ensuring that your client feels valued and pampered. It also provides an opportunity for them to indulge in a once-in-a-lifetime culinary event they might not arrange themselves.
Of course, you might already foresee some of the potential drawbacks of this lavish gift:
- High cost: A private dining experience is a premium gift that can be quite costly, particularly one arranged in the client’s residence, and might stretch your budget considerably.
- Logistical complexity: Organizing such an experience requires coordination between the chef, venue, and your client, which can be time-consuming and subject to scheduling conflicts.
- Preference for privacy: Some clients might prefer not to mix their personal dining experiences with business relationships, potentially making this gift feel too personal or intrusive.
- Food preferences or dietary restrictions: If the type of cuisine doesn’t align with the client’s dietary preferences or restrictions, it could lead to discomfort or disappointment.
5. An ongoing subscription to your very own personally branded magazine
“A magazine?” you might be thinking. “Are you kidding?” I understand why this may be your first reaction to this final gift idea, especially after the four I’ve just discussed, but it’s only because you’re picturing a typical drugstore-shelf tabloid.
The publications I’m proposing—written, designed, published, and mailed by ReminderMedia—are 48-page, expertly crafted, coffee-table-quality magazines that rival the excellence of mainstream ones like Real Simple and Architectural Digest. Their look and feel deliver an impressive experience with their beautifully designed covers, glossy, heavyweight pages, professional photography, and engaging content that nearly 20% of recipients spend up to two hours reading. In fact, people derive so much value and enjoyment from them that they keep each issue for 4.5 weeks on average, with just over 20% retaining them for 10 weeks or more!*
These personally branded magazines meet all the requirements that make them one of the best holiday gifts for high-net-worth clients:
- Customization options: You can create personal, thoughtful experiences by including a letter personalized and written to each client printed on the Front Inside Cover. Each issue also comes with two Tear Out Cards that you can hand-select to suit their interests, whether it be vegan recipes, DIY projects, fun craft or garden projects, or other pursuits. (Even high-net-worth clients have their hobbies.)
- Four publication options: Satisfy the specific interests of your clients by selecting from travel and design, home and garden, health and wellness, and business. You can choose to send different clients different magazines, routinely send the same magazine to a client, or switch with each mailing.
- Unrivaled quality: Each issue looks like it came straight from your desk, emphasizing your credibility and professionalism and making a lasting impression. Meanwhile, your branding (which appears in six key locations) reinforces your relationship with your clients.
- Affordable and scalable: Having served more than 100,000 clients for over 20 years, we’ve perfected our in-house process, streamlining production and controlling costs. With a minimum order of 50 magazines, your price is only $4.99 per issue. (That’s less than the average cost of a large latte.) There’s no additional charge for mailing, and there’s no risk to you. If you aren’t completely satisfied with your first issue, simply cancel before it’s mailed, and we’ll refund you 100% of your one-time setup fee.
As I noted, while a subscription to a personally branded magazine from ReminderMedia has a legitimate claim to being among the best holiday gifts for high-net-worth clients, you might still have some concerns. For example:
- It may be misidentified as self-promotion. Any marketing material runs the risk of this, but we’ve specifically designed these magazines to be perceived as gifts and not as marketing collateral. Their content is not promotional; rather, they feature evergreen articles about topics of wide interest and appeal and contain no advertising. Your branding is simply there as a reminder that keeps you top of mind for repeat business and referrals.
- It could be misconstrued as insufficiently personal. If ours was a mass-produced, one-size-fits-all publication, then this concern might have merit—but it’s not. You can choose the magazine that best reflects a client’s interests and select from the many categories of Tear Out Cards to include the ones that will be most appealing. And then there is the truly unique feature of the personal letter you can write for inclusion on the Front Inside Cover at no additional cost.
Seeing is believing, so get a free PDF copy sent to your inbox to determine for yourself if these magazines aren’t everything we say it is.
Now is the time to plan your holiday gifts
While I’m biased in favor of sending a subscription to your own personally branded magazine this holiday season, each of the gifts described here balances personalization, luxury, and thoughtfulness, ensuring that you maintain a professional yet memorable connection with your high-net-worth clients. But don’t wait to make your decision; the holidays will be here sooner than you think. Consider the virtues of each gift against any potential limitations, and put your plan into action. Download our free holiday gift checklist to help you keep track of the people to buy for, your gift ideas, and, most importantly, your budget.
*2023 ReminderMedia Reader Study conducted by GfK MRI-Simmons
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