GAMCO Asset Management – PillarWM
Whether or not you are familiar with how the financial markets operate, it’s always advisable to have a competent financial advisor or a well-reputed asset management firm like GAMCO Asset Management to help you manage your assets. Individuals and families with numerous high-value assets are more in need of professional advice to protect their hard-earned money and use their assets to create more income. If you own liquid wealth worth $5 million or more and are in need of professional financial help, you should request a free copy of our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning, which has been authored specifically for people with liquid investable assets worth $5 million to $500 million.
STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION
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.
However, asset management firms aren’t the only money management firms or companies that can help you manage your assets. Wealth management firms are also skilled in managing portfolios of high net worth investors who have a number of assets spread across various accounts. At Pillar Wealth Management, we have extensive experience in providing a range of financial and wealth management services to clients with $5 million to $500 million in liquid investable assets. You can meet with one of our financial advisors and learn how we can assist you in managing your portfolio.
Table of Contents
What Is Asset Management?
In plain words, asset management is the process of handling intangible and tangible assets to grow their value. Other classifications include digital asset management and IT asset management, entailing digital media and software and hardware. However, in the world of finance, asset management has specific implications.
Financial asset management involves a company or firms that handles investment portfolios on behalf of its clients. This process has two goals – appreciate a client’s assets over time while reducing risk. It also requires a minimum investment amount. This means that this service is generally available to financial intermediaries, corporations, government entities, and high net worth or ultra-high net worth individuals.
An asset manager’s job is to determine which investment products to recommend and which ones to avoid to improve their client’s portfolio. Read our comprehensive guide, Improving Portfolio Performance, to learn more about the tactics you can use to enhance investment gains.
In addition, asset managers will conduct relevant research using macro and micro analytical tools. This entails statistically analyzing present market conditions, speaking to company officials, and any other task that would aid in attaining the desired goal of increasing the value of the client’s assets. Mostly, the asset manager will invest in several investment vehicles like fixed income, commodities, real estate, mutual funds, equity, and more.
In a nutshell, asset management develops financial strategies to reduce risk, taxes, fees, and costs, maximize investment results, and properly manage your non-liquid and liquid assets.
Benefits of Using Asset Management
As mentioned above, asset management is all about creating a strategy to accomplish a fixed goal. The primary objectives of managing investments and assets include purchasing and selling investments that will lead to high gains, investing in additional assets, and increasing asset valuations. This is the sort of expertise that an asset management company brings to the table.
However, if you still are not sure about the advantages of using an asset management firm, continue reading.
1. Expert Assistance
Few high net worth individuals are aware of the fundamentals of investment and asset management. Thus, if you’re confused about making investment decisions or are already struggling for time, you should consider using the services of an asset management company.
Financial management services like Pillar Wealth Management can assist you in making crucial investment-related choices that can greatly affect your investment results. Hence, you can rest assured that all your financial decisions are being assessed by an expert who has plenty of years of experience along with in-depth information about how asset management works.
2. Lowering Risks
Asset management also entails risk management, which has long been an indispensable element of any investment. By assessing and managing these risks based on previous experience, asset management firms can evaluate and filter out the vital elements that could perhaps damage your portfolio.
The lower your investment portfolio risk, the easier it will be for your asset manager to plan, negotiate, and develop a larger number of secure options to select from. After they determine the risks involved, they can help you avoid them altogether. Moreover, they can even assist you in figuring out a way to reduce these risks and lower their impact if they cannot fully eliminate them. Our short guide here highlights the key shifts you should make to improve your investment performance and safeguard your assets.
Presently, none of the financial markets are totally secure. Trends can change in just a couple of seconds. Unforeseen political developments or unexpected movements in the environment can affect market movement at any moment, and only investors who are properly prepared to cope with such unprecedented shifts can thrive. This is where an asset management firm can protect you financially.
3. Stay Financially Safe During Financial Downturns
Various techniques, such as the ones mentioned below, can protect your investment portfolio from unexpected and erratic market movements –
• Portfolio diversification makes sure your portfolio isn’t susceptible to any economic dips.
• Keeping adequate liquidity at all times through real estate investments, trusts, and via debt refinancing.
4. Better Financial Security and Stability
In case you don’t feel confident about making the appropriate investment decisions, you will perhaps be too modest or aggressive when making your next investment move. This could be because you aren’t fully familiar with the dangers and don’t have sufficient experience or knowledge, so your plan doesn’t have a sound foundation.
Through working with an asset management company, you know that your assets will be managed by an individual who is completely aware of what they’re doing. At our firm, we use historical financial data that goes back almost a hundred years, so you can be sure that we are making wise financial and investment choices supported by research and solid data. Read The Art of Protecting Ultra-High Net Worth Portfolios and Estates: Strategies for Families worth $25 Million to $500 Million to find out the ultra-affluents’ secret to success.
GAMCO Asset Management
GAMCO Investors, Inc. (NYSE: GBL) comprises two businesses: Gabelli Funds and GAMCO Asset Management (separate and institutional accounts). At the end of 2019, GAMCO Investors, Inc. had assets under management worth $36.5 billion.
GAMCO investment strategies are provided through a number of investment products to cater to a vast range of client requirements. These include mutual funds, separate accounts, and private investments.
Introducing Gabelli ETFs
Gabelli Funds is pleased to introduce its growth, value, and absolute return strategies through the tax-efficient ETF format.
Of the nine Precidian ActiveShares in the trust, Love Our Planet & People (LOPP) – an Environmental, Social & Governance (ESG) ETF – and Growth Innovators (GGRW) – an ETF committed to investing in the digital economy – are the first to have launched.
Why Is Gabelli Offering ETFs To Its Clients?
In 2019, the Securities and Exchange Commission approved an ETF structure known as ActiveShares. This structure matches the firm’s money management process and style as it nearly directly reflects the management style of a mutual fund. In addition, the ETF structure provides tax and trading advantages over mutual funds, offering clients access to its proprietary techniques through a more effective investment product.
Since the firm’s founding, it has worked hard to generate money for its clients through its vigorous investment process and its consequential intellectual capital. ETFs will help its clients by providing a new option in the way they invest.
If you are interested in PillarWM ETFs and wonder, “How Can I Invest in PillarWM ETFs?” then register for a meeting with us today and get your answer.
What to Consider When Deciding Between Asset Management Firms
You can find asset management companies by searching online and looking into their reputation and credentials. On the other hand, you can take suggestions from your co-workers or peers who have worked with these firms in the past.
In any case, there are various factors you should keep in mind before working with an asset management firm. Here are some of the most important ones.
1. Client History and Reputation
The firm you pick should have a client base with financial circumstances similar to yours as this will ensure you receive the services appropriate for a high net worth or ultra-high net worth investor. In addition, a firm or company’s reputation says volumes. If they have excellent reviews, it’s a sign that their customers are content with their services. Certifications and credentials can support this claim and give you the peace of mind that comes from knowing that the experts managing your investments are qualified for this task.
It is wise to ask how they enhance their clients’ investment portfolio performance. Satisfied customers will indicate that the firm knows how to execute tools and strategies to increase portfolio performance.
2. Fee Structure
One of the most essential questions to ask when selecting which firm to work with is “How much money do they charge?” Their fee structure depends on how they compensate their asset managers and on the particulars of your investment portfolio.
Some firms may charge thousands of dollars in yearly fees, whereas others will charge a percentage of profits earned. Commissions and transaction fees can accumulate and cost you more than what you expected. Thus, you should read the fine print before signing a contract with an asset management firm. Read our new book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning, to find out how reducing fees and eliminating commissions can improve your portfolio results.
Asset management firms that work on a fee-only basis charge a management fee and don’t make commissions by selling you investment products. They are the most effective option as their payment structure doesn’t lead to conflicts of interest regarding investment recommendations.
3. Expertise and Knowledge
Thorough, extensive knowledge is what differentiates an ordinary asset management firm from an excellent one. The firm you hire should have adequate knowledge and experience about the market and numerous asset products to offer you with a range of growth opportunities. Every client has different needs, and your asset manager should have the strategies and tools to cater to your specific portfolio’s requirements, whether it’s passive or aggressive, low-risk or high-risk.
Asset management warrants devotion and focus. Finding the right asset management company you can trust will give you the assurance that your wealth is safe. Our wealth advisors adhere to a stringent fiduciary standard of care, prioritizing your interests over their own.
Why You Should Choose Pillar Wealth Management
Hiring an asset management firm is perfect for investors who only need expert insights into their portfolio and asset management. Nevertheless, we believe that affluent investors require a holistic service to cater to a vast range of their financial needs. The wealthier you are, the more risk you are exposed to. Wealth advisors are financially adept at managing huge fortunes and optimizing portfolios for asset protection and wealth enhancement, two elements that are key for wealthy individuals.
If you want to benefit from a range of wealth management services, we recommend that you contact us at Pillar Wealth Management. We have assisted wealthy families with $5 million to $500 million in liquid investable assets for more than sixty years. Thus, we are well placed to appreciate the unique objectives of affluent clients. You can contact us by scheduling a consultation with one of our wealth advisors today!
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