Wells Fargo Asset Management – PillarWM
With so many stocks, bonds, money managers and mutual funds to choose from, picking the appropriate group of investments can be a major challenge for you if you don’t have the relevant experience and the appropriate skills. In fact, if you fail to allocate your assets properly across the various investment products, you can limit your ability to build your wealth and won’t be able to create a safety net for your retirement. Well then, what’s the best way to go about it? Instead of stock picking, you should ideally start off by deciding what combination of stocks, bonds, and mutual funds you wish to keep. However, your alternate, strongly recommended option is to work with a competent asset management company like Wells Fargo Asset Management. Moreover, if you have liquid investable wealth ranging from $5 to $500 million and are on the lookout for expert financial assistance, you should definitely request a copy of our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.
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.
Pillar Wealth Management is a private, white-glove wealth management firm that exclusively works with high net worth and ultra-high net worth families and individuals who have $5 million to $500 million worth of liquid investable assets. We provide an extensive array of investment, financial and wealth advisory services, like portfolio management, risk management, tax planning, retirement planning, asset allocation, legacy planning, and a lot more. Our dedicated and experienced wealth advisors are committed to helping our wealthy clients achieve all their short- and long-term financial objectives. Speak with our team to talk about your financial goals and begin your journey of becoming financially stable and successful!
Table of Contents
What Is Asset Management?
In plain words, asset management is the process of regulating tangible and intangible assets to increase their value. Some classifications of asset management entail physical asset management and compliance asset management, involving digital assets and contracts. However, from a financial point of view, asset management has a somewhat different meaning.
Financial asset management involves financial advisors, experts, companies, and firms that manage investments for a wealthy clientele. For example, an asset or investment manager would manage and track their client’s investment portfolio and assets. The process has a dual purpose – increasing the value of the client’s assets over time while lowering risk. You can peruse our guide, Improving Portfolio Performance, to learn more about the investment strategies we use at Pillar Wealth Management to enhance our client’s investment portfolio.
Asset management also involves investment minimums, which indicates that this service is mostly available to high net worth or ultra-high net worth individuals, financial intermediaries, corporations, and government entities.
An asset manager will also perform in-depth research using both micro and macro analytical tools. This encompasses speaking to company officials, statistically analyzing current market trends, and performing any other task that can help in attaining the desired goal of boosting client asset value. Generally, asset managers will invest your wealth in numerous investment products like equity, fixed income, commodities, real estate, and alternative investments.
In a nutshell, an asset management firm helps you develop a financial plan to reduce taxes, fees, and costs, enhance investment performance, and successfully manage both your liquid and non-liquid assets. Speak to one of our competent financial advisors and find out we can effectively manage and grow your assets!
Types Of Asset Management
As mentioned above, asset management refers to a broad category of management that involves numerous distinct industries and disciplines. Here are some of the different types of asset management.
1. Digital Asset Management
Digital asset management is a rapidly expanding field. It involves efficiently organizing digital media and content, along with storing and processing it.
By restricting access to private information like meeting recordings, intellectual property rights, and building plans, stakeholders don’t have to incur the cost of maintaining various copies of these items in numerous storage locations. More importantly, they can rest assured that their electronic files are properly secured from theft, water damage, natural disaster, and fire.
2. Fixed Asset Management
Fixed assets include all tools, items, and equipment used by a firm to generate income. Some examples of fixed assets include plumbing installations, installed machinery, and appliances. Fixed asset management is typically performed for purposes of loss prevention, maintenance, and financial accounting.
3. IT Asset Management
IT asset management entails managing hardware and software. The key advantage of IT asset management is that it allows for resource-saving, provides security, and curates a strong technological footing for the future.
4. Financial Asset Management
Financial asset management, generally referred to as asset management, points to a more traditional understanding of managing assets. It’s the area of the financial services industry that manages client’s investment funds, accounts, and portfolios.
Financial asset management involves tracking tax liabilities, market rates, and other financial obligations such as debts. The goal of financial asset management is to maximize profits and mitigate risks. Our handy guide, here, elaborates the five critical shifts you should make to enhance your investment results and keep your assets safe.
5. Infrastructure Asset Management
Infrastructure asset management is the blanket term for the strategies required to maintain and upgrade essential utilities like water access, roads, electricity grids, etc.
6. Enterprise Asset Management
Enterprise asset management refers to a firm’s fixed assets including acquisition, upkeep, operation, and decommissioning. The definition of enterprise asset management is typically expanded to include intangible assets as well.
What Is Wells Fargo Asset Management?
Wells Fargo Asset Management, commonly abbreviated as WFAM, is the trade name for particular investment management companies owned by Wells Fargo & Company. These companies include Wells Fargo Asset Management Limited, which is an affiliated investment management firm within WFAM, as well as Wells Fargo Management Luxembourg.
Wells Fargo Asset Management aims to prioritize its clients in everything it does. It has a commitment to assist clients to attain what matters the most to them on their journey to financial success and prosperity. It does this by directing the collective intelligence of its competent investment teams (backed by nearly 500 investment professionals) into solutions developed to help accomplish its clients’ goals.
It places a persistent focus on pursuing positive and consistent returns that have been adjusted for risk, through the support of its independent risk management experts. In addition, Wells Fargo Asset Management strives to assist its clients to develop portfolios that will create successful results and be protected from market volatility and uncertainty.
With assets under management worth over $591.6 billion and offices around the globe, Wells Fargo Asset Management possesses the reach and resources to assist clients all over the world.
Wells Fargo Investment Management
Wells Fargo Investment Management’s approach begins with its clients. Whether you need a short-term investment plan or a long-term, balanced potential investment opportunity, you can take advantage of Well Fargo’s strategic and consistent approach with access to a holistic range of strategies to fulfil your particular goals and needs.
Wells Fargo Investment Management is centered on its clients. By learning about you and using asset allocation decisions along with your investment policy statement, the firm aims to develop, execute, and track a core investment portfolio with access to a vast range of investments including Well Fargo Advantage Funds, along with a complete spectrum of strategies.
To boost your returns and manage investment risks, Wells Fargo considers your:
• Risk tolerance
• Financial goals
• Liquidity and cash flow needs
• Time horizons
• Tax considerations
• Goals such as responsible investing or leaving behind a legacy.
Your investment professional is supported by a strong team of analysts and specialists from the Wells Fargo Investment Institute which offers actionable, timely guidance and advice to ensure you attain your financial goals. You will receive comprehensive insights on fixed income, equities, portfolio risk, alternative investments, and real assets.
Wells Fargo even offers advice on asset allocation, investment strategy, alternative investments and options strategies. Last but not least, you will get access to investment insights and research including reports, articles, daily and weekly commentaries, and monthly videos with investment perspectives.
For all of your investment goals, an investment advisor from Wells Fargo will work with you to understand your risk-return profile and time horizons. To boost returns and reduce risk, they will take the following factors into account:
• Tax efficiency based on your particular goals and situation
• Your need to preserve capital, generate income, and grow assets
• The investment horizon for particular financial objectives.
Then, to ensure you attain your desired goals, an investment manager will frequently review your portfolio and a risk management team will monitor it regularly.
PillarWM Asset Management
Many asset management firms offer services like investment monitoring, stock selection, asset allocation, and portfolio strategy. In some cases, they might also provide financial advisory services to high net worth individuals.
At Pillar Wealth Management, we give you the support and guidance you require to apportion your wealth across numerous investments and assets. We can optimize your portfolio by maintaining the ideal balance between financial risk and security, aligning your investments with your estate planning and retirement goals.
Here are some reasons why you should opt for a financial advisor from Pillar Wealth Management.
1. Develop a Thorough Investment Strategy
The financial experts at Pillar Wealth Management will schedule consultations and meetings with you to determine your personal and financial needs, investment goals, time horizons, and risk tolerance in order to develop a high-yield investment plan for you. We will assist you in attaining your short- and long-term goals and help you make smart investment choices so that you can receive the maximum possible gains.
Our primary objective is to safeguard your assets and grow your wealth in the long run. To learn more about why it’s essential to use the appropriate investment strategy, we highly recommend you read our insightful book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 Million To $500 Million.
2. Monitor and Adjust Your Investment Portfolio
Your investment strategy and portfolio are majorly dependent on your financial goals, which can evolve over time. Thus, it’s only reasonable that your investment portfolio should also evolve to accurately reflect your changing goals. At Pillar Wealth Management, we know the importance of rebalancing your investment portfolio and will properly regulate your portfolio to keep up with the changes in your life goals.
Market or economic slumps and other major changes in life, such as marriage, contracting a chronic illness, having kids, and even divorce, can change your goals. In events like this, readjusting your portfolio safeguards you from any unforeseen losses and boosts your portfolio’s performance to generate maximum returns.
3. Create an Investment Strategy to Suit Your Specific Needs
At Pillar Wealth Management, we aim to provide you with an investment strategy that’s completely synchronized with your goals and needs. This means we assess your financial circumstances, risk aversion, time horizons, and values, along with your future aspirations. A tailored investment strategy is an indispensable element of attaining your goals and ensuring you have a financially secure future. Contact our team today to get started on your tailored financial and investment plan.
4. Lower Your Tax Liability
Every investment decision you make has a direct impact on your tax liability. While you might enjoy significant gains from a particular security, you might find yourself using these gains to pay off the tax bill it created.
Pillar Wealth Management’s financial advisors are careful about every aspect of your investment decisions, including the taxes they incur. We specialize in executing tax-loss harvesting strategies that can reduce your tax liability. Our team can assist you in moving your assets across classes that have lower taxes, or we might suggest you move to a tax-free state. For more details on tax planning, request a copy of 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.
Selecting the right asset management company plays a huge role in building and safeguarding your wealth. We will discuss your financial aspirations and goals with you and help you curate plans and strategies to attain those goals.
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