Wealth Management Resources
Top Reads
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Best Brokerage Firms for High Net Worth
Best Brokerage Firms for High Net Worth Are you searching for the best brokerage firms for high net worth so you can effectively invest and maximize your life earnings? Taking time to understand what you’re looking for, what’s out there, and how to determine your best course of action is a smart decision, and we’re…
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How to hire an Ultra High Net Worth financial advisor
How to hire an Ultra High Net Worth financial advisor When interviewing potential high-net-worth financial advisors to work on your family’s behalf, you should ask a number of pertinent questions, beyond getting basic contact and bio information, education, and credentials. You want to hire an advisor who is familiar and capable of dealing with individuals…
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Final Verdict: Retirement Calculators Don’t Work. 4 Types of Costs
3 Reasons Why Retirement Calculators Don’t Work or Help You Answer the Biggest Question of Your Latter Years What’s Missing? Examine Your Unpredictable, Controllable, Unavoidable, and Avoidable Retirement Costs How much money do you need before you can safely retire? Almost every budgeting site out there tries to answer this question with retirement calculators. But…
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MONEY, MEANING, AND FAMILY
MONEY, MEANING, AND FAMILY A family that clearly cares about itself can build enduring wealth, but it takes dedication and effort. One of the first questions we ask our clients is: “What is important about money to you?” They tend to answer in a superficial way at first, but when we keep revisiting the question,…
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My wealth article
My Wealth Article What if, the next time you visit your financial advisor, you don’t ask about your portfolio’s performance? What if instead, you ask your advisor each quarter to give you the latest odds on reaching your long-term goals? Most experienced investors have been trained to focus on their portfolio’s quarterly and annual returns.…
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Family Constitution Could Have Protected Barclay Brothers
Did you hear the latest about the twin 85-year old Barclay brothers, twin billionaire owners of an island in the English Channel, the Ritz Hotel in London, and many other businesses
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10 Emotions That Can Wreck Your Ultra-High Net Worth Portfolio
One primary reason for this is emotion. We are emotional beings, and emotions tend to make terrible investment decisions. Recently, several research studies have started to explore why and how this is true. Leaning heavily on a terrific summary of some of this research from The Globe and Mail, we’ll be exploring ten emotions that work against…
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5 Secrets what about Risk Tolerance Your Advisor Won’t Tell You
5 Secrets what about Risk Tolerance Your Advisor Won’t Tell You What Your Wealth Manager Should Be Asking About Instead One of the first things most financial advisors and wealth managers ask potential clients is, “What is your risk tolerance?” This is a loaded question. Behind it lies a whole host of assumptions, guesses, feelings,…
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COVID-19 Recession Response for Ultra-High Net Worth Investors
We strongly believe depending on your age and portfolio performance over the last two months,now may be the most critical time to act. IF you want to minimize additional losses and, more importantly, start capturing more of the upside that will eventually come. If you are a high net worth or ultra-high net worth investor around 50to77…
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7 Ways Wealth Managers Can Lead You Through COVID Recession
During a recession, if you have a financial advisor or wealth manager, should you keep them? Should you look for a new one? What should you be able to expect from a wealth manager during the COVID Recession? At the very minimum, you ought to expect your wealth manager be there for you, now more than ever.…
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How Families Can Be Ready For the Early Death of a Loved One
All of this is made much worse when the loss comes unexpectedly early. You were planning for years of life, income, and enjoyment, and then suddenly, someone very close to you is gone. How do you react? What do you do now? There are several stages of grief. But at some point, you will have…
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How Do You Find Top Wealth Management Firms?
[vc_row][vc_column][vc_column_text] How Do You Find Top Wealth Management Firms? There are many investment advisors experts out there that offer various services for meeting the financial needs of their clients. Since you reach this site, I’m sure that you truly understand how vital wealth management is. I bet you have a lot of questions in your…
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Certified Financial Planner Near Me
Amidst the volatility, personal finance professionals have the challenge of convincing their clients to stick to their short or long-term plans and not let emotions get the better of them. Investors are asking their financial advisors questions about risk management strategies and steps to take to protect their assets. The pandemic has led, according to a survey conducted by…
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Private Wealth Management Firms
Related posts: 10 Reasons Private Wealth Management Works Best in San FranciscoLooking for a Local Wealth Manager? Here’s Why You Should Go Small Looking for the… How Do You Find Top Wealth Management Firms?[vc_row][vc_column][vc_column_text] How Do You Find Top Wealth Management Firms? There are many investment advisors experts… How to Find an Ultra-High Net Worth…
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Wealth Management Companies – Everything You Need to Know About Them
Wealth Management Companies – Everything You Need to Know About Them Have you amassed a lot of wealth and want to ensure that you invest it properly? Wealth management firms provide high-level financial planning services. These firms not only offer financial advice to the client but also help with investment management. They assist in handling complex financial…
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What Is an Independent Financial Advisor?
Whether you want to get financial services, or you want to build specific financial strategies to meet your goals, hiring a professional and qualified financial advisor can be important life decision. As you can understand from their name, independent financial advisors work independently as they are not bound to any organization or group. Due to…
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What Does A Personal Financial Advisor Do?
Firms like Pillar Wealth Management, LLC. help clients who need to invest $5 million to $500 million in liquid assets, to ensure they are prepared for the future. These are just a few examples of the effects of unfavorable financial outcomes in our lives. To live comfortably today, we need to earn a substantial amount of money…
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Best Investment Firms
Table of Contents5 Best Investment Firms by AUMAll About The Best Investment FirmsInvesting in The Biggest and Best Investment Firms5 Pros and cons of best investment companiesWho are the best investment firms? 5 Best Investment Firms by AUM # Name 2022 2020 1 BlackRock $5,694.1 $5,150.1 2 Vanguard Group $5,407 $4,761.8 3 State Street Global…
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Which is the Best Investment Company?
Would you rather have a wealth management firm help you manage $5 million or more of your liquid assets? Schedule your consultation call with Pillar Wealth Management, LLC.’s co-founders Hutch Ashoo and Chris Snyder to discuss how we put your goals first. 10 Largest Investment Management Companies 1. BlackRock BlackRock, founded in 1988 and based in New…
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How Do I Find a Wealth Management Advisor
When we watch movies on Netflix, we see ads and other movies that are based on our viewing history. There are interesting developments in the medical field as well, as the digitization of our medical records will mean that we are nudged to do certain exercises, perform certain tests, or buy certain medication even before…
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Fee Based Financial Planner Near Me
Our firm, Pillar Wealth Management LLC. understands the difficulty with finding a financial planner, as we work with clients who have $5 million to $500 million in assets that need a specialized financial plan. Let’s answer the questions that you have about finding a financial planner. A financial planner discusses your current financial status with you and explains how…
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Fee Only Financial Planner
Fee Only Financial Planner What is a fee-only financial planner? This is an aspect you may want to consider before you hire a financial planner. Or you may want to understand how fee-only financial planners differ from fee-based financial planners in terms of the compensation received. There are two types of financial planner you can…
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Top Financial Advisors
It seems like the average American chooses the latter. According to a recent survey conducted by CNBC, about 75% of Americans manage their own money without any professional help from top financial advisors. Only 17% of the remaining 25% use the services of a financial advisor. As per the National Finance Educators Council, wrong money decisions have cost…
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Private Wealth Management
Private Wealth Management There are many organizations and individuals out there who offer financial services. But how do you know who to trust your wealth with as someone with a high net-worth? Sure, you could have different advisors for the range of your financial needs. These fragmented relationships with an accountant, a banker, a tax…
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What is a financial adviser and why do you need one as a high net-worth individual?
What is a financial adviser and why do you need one as a high net-worth individual? Everyone has different financial goals, depending on the stage of life they’re in. While thirty-somethings might be focusing on paying off student loans and becoming a homeowner, someone in their early sixties will have different needs. Perhaps they’ll be…
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Do I Need a Financial Advisor?
But what can you do if you want to change your situation? That’s where a financial advisor can help. This article explains whether you need a financial advisor, while also clarifying what they do, and whom they work with. At the end, you’ll have the answer to the question, “Do I need a financial advisor?”…
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How To Find The Best Investment Companies
Pillar Wealth Management specializes in investment management and works with high net worth and ultra-high net worth clients with $5 million to $500 million in investable assets. Click here to book a free consultation with us. Use our list to start your search for the perfect investment advisor that meets your family’s needs. For those of you with…
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10 Tips for How to Find the Best Financial Advisor Near You
10 Tips for How to Find the Best Financial Advisor Near You A falling out with your previous advisor, a sudden change in income or net worth, a new financial scenario that is beyond your ability to handle confidently, you’ve just never had one and have reached your limit of managing money all on your…
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Is a Local Financial Advisor Better than One Farther Away?
Is a Local Financial Advisor Better than One Farther Away? Should You Hire a Local Financial Advisor? Proximity Offers some Potential Perks, but Service, Customization, and Expertise Win the Day Especially for high net worth and ultra-high net worth investors, choosing a financial advisor is one of the most important decisions you will ever make. Whether searching…
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Asset Allocation – 6 Keys to High Net Worth Financial Security
See the Prediction that Came True, Confirming the Problem with Cookie Cutter Investment Plans Are you looking for the ideal asset allocation for ultra-high net worth household portfolios? 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…
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6 Ways to Stop Losing Money, for High Net Worth Investors
We’re about to reveal six ways we do that. But first, some terminology. “Saving” money means that you retain more of what’s yours by avoiding unnecessary losses. “Finding” money means you make more money than you otherwise would have. Here are seven ways we can save and find at least $100,000 for every $10 million…
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10 Reasons to Have an UHNW Financial Advisor During COVID-19
Going through any crisis alone is much harder than going through it with help. Regardless of how hard your portfolio has been battered, or how well it has withstood the pounding from the COVID-19 pandemic and economic fallout, you will weather the storm better if you’re not alone. STRATEGIES FOR FAMILIES WORTH $5 MILLION TO…
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10 Ultra-High Net Worth Retirement Mistakes to Avoid at All Costs
10 Ultra-High Net Worth Retirement Mistakes to Avoid at All Costs For ultra-high net worth families, retirement offers the prospect of great reward for your years of hard work. This is the time to enjoy the fruits of your labor and start doing those things you never had time for while burdened with work and…
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Real Scenario How $5 – $500 Million Investors Can Protect
Real Scenario How $5 – $500 Million Investors Can Protect Regardless of what happens next with the markets, today’s video is an opportunity to take action and achieve better financial security, growth and peace of mind. We will be demonstrating how the all-too-common, unanticipated, and unacceptable huge losses affect so many real life ultra-high net…
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Your Millions Are At Stake! Why Ultra-Affluent Investors
Hi, Chris Snyder here, Co-founder of Pillar Wealth Management. I am here to share with you why families with liquid portfolios of at least $5 Million and up to $500 Million seek our advice. Some come to us because they’re planning for retirement. Others are looking to invest large cash windfalls from a business or real…
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Protecting Ultra-High Net Worth Portfolios
Protecting Ultra-High Net Worth Portfolios Hi, Chris Snyder here, Co-founder of Pillar Wealth Management and I am here with a message for families with liquid portfolios of at least $5 Million and up to $500 Million. Years of experience managing our clients’ wealth has given us a wealth of knowledge. The insights you’ll discover from…
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Why Ultra-Affluent Families Lose So Much Money: $5 Million to $500 Million of Investable Assets
[vc_row][vc_column][vc_wp_text]Imagine retiring October 2007 and entrusting your $30 million with a money manager from Wall Street or a Big Bank financial advisor. Based on the firms’ pre-determined cookie cutter investing, this manager placed your retirement dollars in what amounted to a 60/40 model! That is 60% Equities and 40% Bonds.[/vc_wp_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Now imagine the market collapse and…
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Covid-19 Action Plan With $5 Million to $500 Million
Hi, Chris Snyder here, Co-founder of Pillar Wealth Management and I am here with a message for families with liquid portfolios of at least $5 Million and up to $500 Million. It’s official. The coronavirus black swan market crash is here. And just about everyone especially financial advisors to the affluent are acting like a…
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Test Your Advisor: 4 Questions about Tax and Estate Planning
But how many financial advisors or even wealth managers really know their stuff in specialized but critical areas like this? Poor tax planning can cost you millions. Poor (or lack of timely) estate planning can cause your heirs to miss out on massive chunks of your hard-earned wealth. This is not something just any financial…
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Coronavirus – Ultra-High Net Worth Response to Black Swan Events
Coronavirus – Ultra-High Net Worth Response to Black Swan Events We’re In the Midst of a Black Swan Event – Here’s How to Respond Warning Sign: You Aren’t 100% happy! You’ve heard it over and over again when the market crashes in a Black Swan event: Stay the course. Wait it out. Don’t change anything…
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Should Your Fiduciary Wealth Manager Always Do What You Want?
What Happens If a Client’s Investment Style Goes Against Their Own Interests? This a very common scenario: A prospective client has a conversation with us. They are unhappy with their current wealth manager. They want better performance. They want to beat the market. They want something they’re not getting. STRATEGIES FOR FAMILIES WORTH $5 MILLION…
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Coronavirus Market Crash – What’s Your Wealth Manager Doing?
When market crashes like this happen, most people wonder act like a deer in the headlights and wonder how they should be responding. Do nothing and wait it out? Sell and take the losses? Buy low and capture gains? Fire your financial advisor? Hire a financial advisor? Market crashes are confusing. They test our risk tolerance. Here’s…
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How to Find an Ultra-High Net Worth Financial Advisor
How to Find an Ultra-High Net Worth Financial Advisor Written by:- Hutch Ashoo and Chris Snyder, Co-Founders of Pillar Wealth Management. A fiduciary wealth management firm delivering custom investing and planning advice to families with a minimum of $5 million, and up to $500 million of liquid investable assets. It’s been a wild, historical and bad…
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Survive the Next Financial Meltdown for High Net Worth
But when times turn bad, most financial advisors – including the fiduciaries – are exposed for what they really are: Button pushers just following the herd, doing what everyone else does, telling you that “markets always go up over time” and “just wait this out and you’ll make it all back.” If you followed the…
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Why We’d Turn Away Clients Worth Millions – Fiduciary Duty
Case Study Reveals What the Fiduciary Duty Means for Your Financial Serenity Just like oaths,vows,and commitments, the fiduciary duty is not a trite calling, but has great power over behavior, when properly adhered to – even in today’s world. The fiduciary duty is not just a checkbox you sign on a form as one of…
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How to Determine State Residency and Avoid Double Taxation
Table of ContentsHow to Determine State Residency for Tax PurposesHow States Try to Determine ResidencyNew York Statutory Residency RulesCalifornia Statutory Residency RulesBest State Residency Advice How to Determine State Residency for Tax Purposes Avoid Double Taxation – Know what It Really Means to “Move” to Another State For high net worth individuals looking to move…
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How UHNW Pre-Retirees Can Protect Wealth Even In a Bear Market
And while bear markets spread their pain to nearly everyone, how they affect you as an ultra-high net worth pre-retiree is particularly unique. The reason is because an inordinately wide chasm exists between how much you could lose and how much you ‘need’ to lose, if any. This gap is much wider for you than for most…
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9 Ways the Wrong Financial Advisor Can Wreck Your Life’s Work
Spouse. Kids. Financial Advisor. The Most Important People in Your Life (in that Order) 9 Reasons Why Having the Wrong Financial Advisor Can Bring to Ruin Your Lifetime of Hard Work A lot can go wrong. You or someone in your family can suffer costly and traumatic health problems. Your business could fail. Your real…
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The Two Types of Financial Advisors & Which Is Right for UHNW
The Two Types of Financial Advisors & Which Is Right for UHNW There are two types of financial advisors, but only one type is right for high net worth and ultra-high net worth investors like you. The good news is, when you meet with a prospective financial advisor, you’ll be able to tell which type…
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3 Steps to Secure Your Ultra-High Net Worth Retirement
The surprising truth is, you won’t likely avoid those unwanted feelings in retirement if you use the methods that almost everyone else uses – the ones developed and employed by Wall Street, big banks, and brokerage houses. Keeping reading to discover the three specific steps you can take to secure a retirement of financial serenity…
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The Risks of Holding Stock Options Too Long for High Net Worth
If you held concentrated amounts of your wealth in stock in any of those companies and had to sell at the wrong time, you would have lost huge amounts of your wealth. Those companies, including Martha Stewart, have since rebounded from their low points. But the lesson remains true because the timing is often out of…
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How To Survive A Recession – For High & Ultra-High Net Worth Eyes Only
When a recession happens, does your portfolio start tumbling? Does this make you think about changing your wealth manager, investments, or plan? As someone with high or ultra high net worth, the reality you should be aiming for is one of stability – even in the midst of recessions. It does you no good to…
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10 Financial Truths High Net Worth Divorcees Need to Know
10 Financial Truths High Net Worth Divorcees Need to Know Table of ContentsWhat to Expect and How to Plan for Your New Financial Reality After Divorce1. Your Expenses Will Increase After Divorce2. Your Health Care Is On You3. You Will Pay Taxes. And Then You Will Pay More Taxes4. You May Have to Cough Up…
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Top 6 Goals for Initial Business Sale Negotiation Meetings
When you’re ready to sit down with potential buyers, you have at least six goals – things you want to learn about the buyer – during these meetings. However, before you can begin business sale negotiations, you must prepare four business exit assets. You need a business exit strategy, a team of experts, a clear…
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Sick of Retirement Goals? High Net Worth Secrets Performance
Sick of Retirement Goals? High Net Worth Secrets Performance Secrets of Consistently Maximizing Retirement Investment Performance “I have calculated that I need a 70/30 portfolio” or “I think I need to make 6-8%” That’s the one of the first things many pre-retiree tell us when we ask them about retirement goals and plans. Many of our…
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6-Step Plan for How to Determine the Value of Your Business
Determining the value of your business is the 4th step in the business exit process. Before we get to the six factors that will help you finalize the value of your business, you’ll want to work through the first three steps, which you can access below. Step 1: Use this 17-point checklist to develop your business exit strategy…
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What Can Go Wrong When You Don’t Use Fiduciary Financial Advisors
What Can Go Wrong When You Don’t Use Fiduciary Financial Advisors Table of ContentsWalnut Creek Wealth Manager Reveals Cautionary Tales Of Why You Should Work With Fiduciary Financial Advisors7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning7 Ways Not Having a Fiduciary Can Set You Back1. Moved His Money without Consulting…
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10 Reasons Private Wealth Management Works Best in San Francisco
Looking for a Local Wealth Manager? Here’s Why You Should Go Small Looking for the best San Francisco wealth management companies? These days, it seems nearly every big bank, investment firm, and discount brokerage now offers wealth management as one of their services. Many of these big companies are also publicly traded. Pillar Wealth Management is a…
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Black Swan Events Don’t Have to Imperil Your Portfolio
Black Swan Events Don’t Have to Imperil Your Portfolio Over the past thirty years, we’ve seen more than a few recessions and market crashes. Pillar’s experts have managed high net worth and ultra-high net worth portfolios for individuals or families with $5 million to $500 million through the ups and downs related to a variety of major…
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High Net Worth Investment Performance: How to Steer Clear of Worry
These investors persist in searching out those rarefied savants, gifted with exceptional foresight and creativity, unparalleled understanding about markets, companies, and trends, and peerless research skills with an army of loyal workers behind them. So, someone like Gru from Despicable Me. [ideally, you would put a small headshot of him here] But in all seriousness, people go…
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Maximizing The Benefit of Selling a Private Business
ULTRA HIGH NET WORTH BUSINESS WEALTH STRATEGIES Maximizing the benefit of selling a private business is a lot like improving portfolio performance. It’s a matter of determining exactly what you want to accomplish. That what (whatever it is) is different for every business owner and every investor. Meet Mary, Steve, and Bob. All three are private business…
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How Do Private Business Owners Define Risk?
ULTRA HIGH NET WORTH STRATEGIES How Do Private Business Owners Define Risk? Risk is an ambiguous term. It means something completely different to an attorney than it does to an accountant. Ask an insurance agent to define risk and you’ll hear something that sounds nothing like what a physician would tell you. And forget about…
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Care for Aging Relatives While Preserving Your Portfolio
The surprising truth is – no one is immune from the risk of skyrocketing costs from caring for their aging relatives or friends. Even more surprising, these costs can outpace the costs of caring for children, even those with special needs. Forbes reported on a study estimating that from birth through age 17, the average family…
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How to Sell a Business – the Story Your Buyers Need to Hear
The process for how to sell a business with this much value begins with learning how to tell the story of your business. There are five components to this story. To help you navigate the business sale process, you will also need a financial advisor. Pillar Wealth Management has extensive experience in helping high net…
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See What Holistic Wealth Management Looks Like in San Francisco
For young investors with hardly any assets just starting out at the Schwab, Fidelity or robo-advisor level, cookie-cutters are fine. But for high net worth families – especially those living in the high-priced San Francisco Bay area – your finances and future plans simply don’t fit into standard checklists and fill-in-the-blanks. Yet, that is what…
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Financial Planning Lessons from WeWork’s IPO Downfall
In case you missed the backstory or haven’t heard of the company, WeWork rents office space in prime real estate areas such as their location currently in downtown San Francisco, and then rents them out to startups, freelancers, entrepreneurs, and even established companies as community working spaces. On the positive side, it’s a smart business…
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The 3 Pillars of Reliable Portfolio Growth Projections
But one lesson from his article is pertinent to you, the ultra-high net worth investor looking for long term growth and security in your portfolio. Here’s your key takeaway: Though it wasn’t his article’s purpose, Dalio reveals the essential importance of using historical data dating back over 100 years when making portfolio growth projections.Why is…
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Planning for Unexpected Medical Costs – for Ultra-High Net Worth
Table of ContentsWhat Ultra-High Net Worth Households Need to Know About Planning for Unexpected Medical Costs in RetirementPerfect Storm: How Financial Costs of Medical Unknowns Get CompoundedHow Unplanned Medical Costs Can Box You In to a CornerShould I Buy a New Business? Should I Sell My Current Business?Should I Buy New Real Estate? Sell Some…
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The 5 Must-Have Experts to Have on Your Team When Selling a Business
The 5 Must-Have Experts to Have on Your Team When Selling a Business Plus: The 8 Essential Tasks Your Team Must Perform to Ensure the Most Optimized Outcome for Your 8, 9, or 10-Figure Business Sale Selling a business is one of the best steps you can take to secure your financial future for the…
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7-Step High Net Worth Inheritance Planning Guide
[vc_row][vc_column][vc_column_text] Table of ContentsAdvice to High Net Worth Heirs: Don’t Be Part of This 90%3 Responses to Inheriting WealthThe Most Important Thing about High Net Worth Inheritance Advice to High Net Worth Heirs: Don’t Be Part of This 90% Are You Going to Receive a Large Inheritance? Here’s Your 7-Step Inheritance Wealth Management Planning Guide. If you are an…
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See How It Feels to Have – and Not Have – a Wealth Manager
Table of ContentsTo Have or Not to Have – How It Should Feel for Ultra High Net Worth And High Net Worth Families to Have a Wealth ManagerHow It Feels To NOT Have a Wealth ManagerOverwhelmed By Decisions with Unknown RamificationsFumbling In the Dark Toward an Unknown FuturePressured to Perform on Your InvestmentsStressed and insecure.How…
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Why Index Annuities Are Targeted at High Net Worth Households
Table of ContentsThe Annuity Warning Every Ultra-High Net Worth And High Net Worth Household Must Heed!There’s Something Fishy with Your Guaranteed AnnuityThe Rider – Making the Deal that Gives Away Your FreedomThe Shocking Truth about the Annuity Rider RevealedWhy Ultra High Net Worth Households Make Good Targets for AnnuitiesBut Wait, There’s More Horrible News For…
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10 Strategies for High Net Worth Tax Planning and Minimization
It’s no secret. High net worth individuals pay the most money in taxes, and this is unlikely to change anytime soon.However, because you pay the most, you also stand to save the most when you implement smart tax planning strategies to minimize your losses.If you are a high net worth individual with over $10 million…
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How To Choose A Wealth Manager Financial Planner
However, since you pay the most, you also stand to save the most when you implement smart tax planning strategies to minimize your losses. For thirty years, Pillar Wealth Management has helped families just like yours (with assets ranging from $5 million up to $500 million) make the most of their money. We want to help you…
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How to Protect Your Retirement Accounts During High Net Worth Divorce
How to Protect Your Retirement Accounts During High Net Worth Divorce 7 Smart Tips to Ensure Your Divorce Doesn’t Derail Your Long Term Financial Prosperity Divorce is messy. For high and ultra high net worth households and their retirement accounts, divorce is really messy. Depending on how contentious your potential divorce is shaping up to be, you…
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How to Remove Hindsight Bias from Your Investment Plan
Discover the Financial Planning Process That Locks Costly Emotions in a Box “They should have known.” That’s a common reaction whenever something terrible happens. We look for someone to blame, and the blame eventually falls on whoever ‘should have known’ of the impending threat. The same hindsight bias runs rampant in investment planning. When a…
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Where to Find the Best Financial Advisor for You – Pillar WM
Sounds great… until you start looking for a financial advisor. Where do you start? How do you find them? Most of all, where do you find a financial advisor who is most suited to help you achieve financial security and serenity with your unique situation? Let’s begin with where to find them. Top 10 Financial Advisor Firm Rank…
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How To Find the Right Wealth Management Company – 4 Step Guide
But there’s a lot more than that to consider. The 4-step process you’re about to see will help you narrow down your search criteria so you can find the wealth management company that most aligns with your unique needs, goals, life situation, and values. Step 1: Evaluate Yourself – Know What You Want You want…
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Why Market Timing Is the Wrong Approach for High Net Worth Investors
Sometimes a bit of luck, intuition, and common sense may make timing work for investors on a few occasions. However with statistics and the dangers around this approach, high net worth investors have little to gain and much to lose by pursuing a strategy of market timing. What is market timing? It’s an attempt to…
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Research Reveals Why So Few Money Managers Beat the Market
By “consistently,” we mean over five or more years. Anything less than that doesn’t do you much good if you’re trying to develop a plan for the remainder of your working life and all the way through retirement. And by that standard, your odds look pretty bad if you’re counting on money managers to beat the…
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Avoiding Shirtsleeves to shirtsleeves while retaining
Avoiding Shirtsleeves To Shirtsleeves While Retaining There is an old saying, “shirtsleeves to shirtsleeves in three generations,” which means that the older generation started out doing manual labor, worked hard, and amassed wealth—and by the time their great-grandchildren are in charge, the family is back where they started, with the wealth all gone. STRATEGIES FOR…
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Watch Helplessly: 6 Hidden & Avoidable Investment Costs
There’s a second and related truth to that. Investment performance rises and falls. No one earns market-defying gains year after year. But investment costs – those just keep on coming. While some investment costs are tied to performance, many are not. As you’re about to see, you should stop asking so many questions about performance,…
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Be Ready for Unexpected Major Expenses – High Net Worth Families
These include things like new cars, second or third homes, boats, college tuitions, and things of that sort. Even in retirement, you’ll have some major distributions that you’ll likely know about well in advance. Any competent wealth management firm for high net worth individuals should have a system that accounts for these planned major expenses in a…
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4 Ultra High Net Worth Strategies to Protect Your Wealth from Major Life Events
Table of ContentsHow Ultra High Net Worth Individuals Can Protect Their Wealth Even When Life HappensWhat About Key Life Events BEFORE Death?Life-Enriching EventsThis is the most important principle you must hear:4 UHNW Strategies to Protect Your WealthDiscover How to Choose the Best Wealth Advisor for Ultra High Net Worth IndividualsWant This Kind of Ultra High…
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What Is a Wealth Manager and How Do I Find One?
Table of ContentsFind Out What Kind of Wealth Manager Is Right for YouHow Is a Wealth Manager Different?What Extra Services Do Wealth Managers Offer?The Many Hats of a Wealth ManagerHow Wealth Managers Differ from Money ManagersWhat Kinds of Fees Do Wealth Managers Charge?How Do I Find the Wealth Manager Who Is Best for My Situation?The…
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How to Respond to Market Volatility in 3 Smart Steps
How to Respond to Market Volatility in 3 Smart Steps Are You Freaking Out From What Market Volatility Is Doing to Your Monthly Statements? 3 Healthy and Sensible Ways to Respond to Market Volatility Few envelopes in the mail can arouse such an extreme breadth of emotion as your financial statements. One month, when your…
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How to Withdraw Retirement Funds as a Single Monthly Check
Withdrawing money from your savings accounts for retirement is more complicated than saving the actual money. Understanding how and when to make these withdrawals becomes a huge problem. You’re up against what we could call ‘The Lord of the IRS: The Two Towers.’ In this case, the towers are required minimum distributions (RMDs) and taxes.…
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How Business Owners And C-Level Executives Secure Their Wealth
How Business Owners And C-Level Executives Secure Their Wealth While it is important to work for your business and to build it up, you also need to know when the time to let it go is. In the pursuit of your financial success, you must realize that your investments are simply the stepping stones towards…
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The Difference Between Investment Management and Financial Planning
Understanding The Difference Between Investment Management and Financial Planning Is Critical To Securing Your Lifestyle You‘ve probably spent most of your life trying to get to a point where you can live the life you always dreamed of. Having a liquid net worth of $1 million, $10 million, or $300 million is not easy; all…
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Why Trying to ‘Beat the Market’ Doesn’t Work and Is the Wrong Question
[vc_row][vc_column][vc_column_text]Since you found this article, it means you probably think outperforming the market is both a worthy goal and perhaps even an achievable goal. You may or may not be convinced that it’s possible to consistently outperform the market, but you think it’s worth shooting for. Here’s the bubble-burster: There is no guide, system, or…
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Demystifying Life-Long Retirement Income Planning
Demystifying Life-Long Retirement Income Planning Regardless of how much money you save for retirement, the real challenge for a High Net-Worth (HNW) family is to save enough money to live without compromising their lifestyles in retirement. Stabilizing your financial condition once you stop working is the culmination of a well-thought out financial plan. There is…
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High Net Worth Strategies To Help Affluent Investors Sleep
High Net Worth Strategies To Help Affluent Investors Sleep As a High Net Worth (HNW) individual with between 1 million and 500 million dollars of liquid investable assets, the time is past when you had to make risky investments for the returns. It is wise to begin stabilizing your portfolio once you reach a high…
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High Net Worth Services
High Net Worth Services Now that you’ve reached the peaks of financial success, the next step for you as a High Net Worth (HNW) Individual is to find ways to continue growing yet preserve your wealth. Creating a financial plan to attain your HNW status is just one part of the journey, it is equally…
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Family office or Independant cohesive team?
Family Office Or Independant Cohesive Team? Managing family wealth has a set of unique situations. There’s a need to integrate different capabilities. After you recognize these challenges, you’ll likely opt for a family office to manage assets that aren’t related to the business operations. STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION 7 Secrets…
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How to hire your go-to financial advisor
How To Hire Your Go-To Financial Advisor When interviewing potential advisors to work on your family’s behalf, you should ask a number of pertinent questions, beyond just getting basic contact and bio information, education, and credentials. You want to hire an advisor who is familiar and capable of dealing with someone of your net worth.…
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The role of a financial advisor within your family
The Role Of A Financial Advisor Within Your Family There comes a point in the life of an ultra-high net worth family, as it grows in wealth and sophistication when it realizes it needs professional help in dealing with the wide range of concerns it faces—investments, insurance, real estate, and tax and legal issues, to…
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Why Protection is Paramount
Why Protection is Paramount Many families remember when life was far more humble for them, and they fear that unless they protect their wealth, those days could return. By far, their deepest financial worry is suffering a personal financial crisis—and thereby losing the life electives and choices their wealth has availed them. “I want to…
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Will My Money Run Out? 4 Levels of Misfortune – Pillar WM
Will My Money Run Out? 4 Levels of Misfortune – Pillar WM Scary Questions Series: Will My Money Run Out Before I Die? See How Your Money Holds Up Against 4 Escalating Levels of Misfortune No matter how much you have, it’s possible to lose it all. We’ve all seen it happen on the celebrity…
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Securing YOUR Ultra-High Net Worth Portfolio And Estate Part 2
Securing YOUR Ultra-High Net Worth Portfolio And Estate Part 2 In part one of this two-part series, we highlighted that policy changes by the Federal Reserve, in combination with policy and regulatory changes by the incoming 2017 Trump Administration, present investors with either an obstacles and possibly opportunities. Naturally, ultra-high net worth investors want to…