Top Independent Financial Advisors – PillarWM

For well to do individuals with $5 million or more in liquid investable assets involving others in their financial decision-making is quite a tricky decision to make. They think that no one understands their financial situation better than themselves, and hence, only they make the best decisions regarding it. While that may be true to some degree, it’s also true that these individuals often do not have the required expertise, skills, and resources to manage their wealth properly. Thus, if they manage their wealth by themselves, they face an even bigger risk of losing wealth. This is precisely why high net worth and ultra-high net worth individuals should work with the top independent financial advisors to secure and grow their wealth effectively. If you have $5+ million of liquid wealth and are aiming to invest it, you should definitely request a copy of our new book, 7 Secrets to High-Net-Worth Investment Management, Estate, Tax, and Financial Planning.

STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

CLICK HERE to qualify for your FREE COPY of this Book

Table of Contents

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning
Why Are the Top Independent Financial Advisors Important?
How Much Money Do I Need to Hire Independent Financial Advisors?
How Do I Choose Independent Financial Advisors?
How Do I Find Independent Financial Advisors?
Choose Pillar Wealth Management

At Pillar Wealth Management, our team of expert financial advisors are thoroughly committed to helping you become financially secure and successful. We offer a broad range of financial planning, investment management, and financial advisory services to clients with $5 million to $500 million worth of liquid assets. We believe in offering tailored financial plans that best match our client’s requirements. Based on the services and our extensive experience of over thirty years, we believe we are the best firm that you can opt for. Sign up for a free discussion with our team of financial advisors at Pillar Wealth Management today.

Why Are the Top Independent Financial Advisors Important?

Judging from the name alone, you might feel that all financial advisors do is give you advice on how to make your financial decisions, such as where to invest your wealth, how much wealth to save, how much to spend, and the sort.

However, the truth is that financial advisors can do a lot more for you and can actually play a major role in helping you achieve financial security and success. They meticulously review your financial health and personal circumstances. They hold in-depth discussions with you to learn about your long and short-term financial aspirations and goals.

Moreover, financial advisors also factor in the obstacles you face and address any doubts that you may have. Based on the information you provide, they will begin to evaluate various options that can help you attain your targets. They help you pick the appropriate investments and then regularly track their performance and progress.

Financial advisors also ensure that you are sufficiently prepared to deal with any uncertain or unpredictable change in your life, such as a chronic illness. They help to safeguard your financial future as well as your families and ensure that you never find yourself bankrupt. To find out the strategies financial advisors use to secure your wealth, order a free copy of our hardcover book, The Art of Protecting Ultra-High-Net-Worth Portfolios and Estates – Strategies for Families Worth $25 Million to $500 Million.

Financial advisors can even help you leverage the best market opportunities and build your wealth sustainably.

The best thing is that financial advisors will free up your precious time so that you can spend time on things that truly matter to you. If you want to get all the benefits highlighted here, you should waste no time in setting up a free consultation with the experts at Pillar Wealth Management!

How Much Money Do I Need to Hire Independent Financial Advisors?

You might be thinking about how much money do I need to hire independent financial advisors. The answer depends on the advisor you are aiming to hire. For instance, there are financial advisors that literally don’t have any account minimum. In such situations, they will either charge a flat fee, monthly fee, or hourly to review and manage your investment portfolio.

On the other hand, several financial advisors do have an investment minimum, as generally, many advisors charge 1 per cent of your assets to manage your wealth on a regular basis and require a minimum in order for them to justify on boarding a client.

It is quite ordinary for financial advisors to have an account minimum of $250,000, $500,000, or millions. However, to restate, there are several financial advisors that have smaller minimums such as $25,000 or sometimes even no minimum at all.

At Pillar Wealth Management, we exclusively work with individuals and families who have liquid assets valued between $5 million to $500 million. Our services are designed to help high net worth and ultra-high net worth clients in attaining their investment, wealth, and retirement planning goals. Here are some of the financial services we provide:

• Balance Sheet Optimization

• Cash Flow Planning

• Wealth Transfer

• Retirement income Planning

• Wealth Transfer

• Risk Management

• Pre and Post Liquidity Planning

• Insurance Planning

• Legacy and Estate Planning

• Tax Planning

If you have assets worth $5 million and above and are looking to invest them in a secure and tax-efficient manner, you should request a copy of our newly launched book, 7 Secrets to High-Net-Worth Investment Management, Estate, Tax, and Financial Planning.

How Do I Choose Independent Financial Advisors?

To effectively enhance your financial circumstances, you need to work with the top financial advisors. If you mistakenly opt for the wrong advisors, you can land yourself in hot water. For instance, you might be faced with extremely high costs and taxes and an inability to secure your wealth.

Such advisors can direct you towards a rough retirement where you have to let go of your dreams and sacrifice your living standard. So, if you are thinking, how do I find independent financial advisors? These are some factors you need to look at.

1. Check their Experience

Experience plays a vital role in establishing the credibility of financial advisors. While certifications and trainings are also essential, there are some vital skills and expertise that only come through experience.

Do think about it. Would you rather entrust an amateur with your investment portfolio that’s worth millions or work with an advisor who has been in the industry for a couple of decades? Apart from that, you should also see how much experience they have in working with millionaires.

2. Review their Credentials

Another important factor you should watch out for is the credentials of the top independent financial advisors. This is an excellent tactic to distinguish good financial advisors from the average ones. You need to check and ensure that they have all the required licenses and credentials.

This way, you can ascertain that the financial advisor has gone through the required training to obtain the skills. In addition, you should also check if the financial advisor has the license needed to offer the particular services they are providing.

For example, if you want to avail any investment-related service, you should check if the professions is a registered investment advisor (RIA). Along with that, you should also review their history to find out if there have been any cases or lawsuits against them that you need to know of.

3. Look at The Services they Provide

You need to have complete information regarding the services a financial advisor offers. You will have to first assess your own requirements and determine what services you need accordingly. In our guide, Improving Portfolio Performance, we discuss why it’s essential for your financial requirements to be in line with the services.

For instance, if you need someone to monitor your investment performance, you can simply work with an investment advisor who provides portfolio and investment management services.

On the other hand, if you need assistance with financial planning, you should opt for a financial planner. If you require comprehensive wealth management, you need to go with a wealth manager.

4. Check their Standard of Care

If you want to be 100 per cent sure that the financial advisor you work with is credible, you need to look at their standard of care. Financial advisors are typically divided into two categories – the suitability or the fiduciary category.

When you are searching for a legit and reliable advisor, you need to stick with the fiduciaries. These advisors are held to a very stringent standard of care, where they need to prioritize your best interests instead of their own.

In addition, with fiduciary advisors, there cannot be any conflict of interests, and they always have to reveal all relevant information to you. In our insightful guide, we discuss why it’s important for high net worth individuals to work with fiduciaries.

5. Find Out About their Money Management Style

When searching for a financial advisor, you should also be clear about their money management style, as it can have a huge impact on your portfolio performance and subsequently influence your financial health. Several financial advisors are more inclined towards active money management, which entails investing in trending products and timing the market.

While this can generate high returns, it comes with higher risks and costs. Hence, you need to find financial advisors who balance active and passive investment to maximize gains and minimize costs.

You can get more information on these management styles and their influence on your financial standing from our special guide on portfolio growth strategies.

How Do I Find Independent Financial Advisors?

Once you have decided to work with independent financial advisors, you might be thinking, how do I find independent financial advisors. From the previous section, you might have understood how this task is not that easy as there are several factors you need to look at. However, if you follow the below-mentioned steps, you can make this task a little simpler for yourself.

1. Search Online

The best place to search for independent financial advisors in your area is the internet. You should be able to find several professionals from a quick Google search.

We recommend you make a list of 3 to 5 names before you filter out your options from there.

2. Get Referrals from Your Network

If you are a high net-worth investor, your network is bound to be full of other investors who are using independent financial advisors. You should get in touch with them and ask them if they would refer you to their current advisor. This technique can be quite helpful if the individual you are asking has the same financial goals or background as you do.

3. Check Reviews

It’s imperative to pick a financial advisor who is trustworthy. These professionals will help you secure your wealth and allow you to attain your financial objectives. An excellent technique to filter your choices is by reading online reviews.

Search for reviews left by previous clients who worked with the financial advisor. You should even try to contact the previous clients directly and ask about their experience with the advisor.

4. Meet with the Advisor

If you are wondering, should I meet with independent financial advisors before I hire them, the answer is yes! You can have this meeting either in-person or via a video call. In this meeting, you can ask them any questions that you may have to get a firmer grip on the services they offer and clear away any doubts. If you have a wealth of more than $5 million, book a free meeting with us at Pillar Wealth Management and get started with enhancing your financial circumstances.

Choose Pillar Wealth Management

At Pillar Wealth Management, high net worth individuals and ultra-high net worth families can find fee-only and fiduciary financial advisors to assist them in getting through their complex financial challenges and attaining their unique financial goals.

Our team is experienced in offering several different services such as tax optimization, investment management, risk management, legacy and estate management, retirement income planning, etc. We firmly believe in assisting every client in attaining their financial goals, and hence, we help curate tailored financial plans that particularly cater to their best interests. Get started with your financial requirements by scheduling a free meeting with Pillar Wealth Management today.

Authors

Hutch Ashoo

Chris Snyder

To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.