Best Financial Planners

Many affluent individuals sincerely desire to manage all their wealth independently, plan for retirement, and protect their families from financial troubles. Unfortunately, they don’t know about various financial matters such as investment, insurance, and retirement planning. Such high net worth and ultra-high net worth individuals then start searching for the best financial planners to get guidance on how to preserve, manage, and grow their wealth. Nevertheless, choosing a financial planner isn’t as easy as it sounds! This is exactly why we recommend you read our ultimate guide for investors with $10 million or above to get more information on how to choose the best financial planner.



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.

At Pillar Wealth Management, we help ultra-rich individuals, with investable wealth from $5 million to $500 million, make intelligent financial decisions. Our team of financial experts doesn’t believe in offering homogenous, cookie-cutter solutions to financial planning. We will thoroughly study all your financial needs and concerns, understand your financial goals, and learn the extent of financial security you require. This allows us to offer you personalized financial, investment, and wealth management plans to help you attain the maximum possible investment performance.Want to know more about how we can effectively manage your wealth and assets? Simply sign up for a free meeting with one of our team experts!

What Do Financial Planners Do?

You probably have a fair idea of who a financial planner but if you’re looking for a detailed answer to what do financial planners do, you’ve reached the right place!

In plain words, a financial planner is a qualified and knowledgeable professional who helps affluent individuals and families attain their long and short-term financial goals.

Financial planners carry out their duties by meeting with clients to learn about the financial goals they want to achieve, their risk tolerance, and time horizons. Once they get detailed information, they will identify a set of appropriate investments for them.

Besides, financial planners also develop strategies to help their clients meet their financial objectives by allocating their wealth into various investments aimed at generating a steady flow of income. All in all, financial planners offer a range of financial and investment-related services to their clients, including the ones listed below.

• Risk Management

• Tax Planning

• Wealth Transfer

• Retirement Planning

In some instances, you can speak to a financial planner to get advice on any one of the areas mentioned above. However, a financial planner can devise a holistic financial plan that addresses all the areas highlighted above. For more details regarding the financial planning services we provide, visit our website to set up a no-obligation meeting with us.

Risk Management

Amassing millions worth of liquid investable assets is no simple task. In fact, you might have invested several years of your life in building such an empire. Thus, to ensure that the wealth you have created from your years of hard work stays safe, you need to take proper steps to secure it.

There are many horror stories of high net worth families and individuals suddenly going bankrupt because of unpredictable shifts in the market or because they develop a chronic health condition that they had never thought of.

In light of all these threats, financial planners offer comprehensive risk management services. These individuals make sure that your assets are correctly allocated and your portfolios are sufficiently diversified to protect your wealth against unforeseen market turns. In addition, financial planners ensure that you have the appropriate insurance coverage such as long-term care insurance, disability insurance, life insurance to keep you secure if something happens with your health condition.

In our recent book, The Art of Protecting Ultra-High-Net-Worth Portfolios and Estates – Strategies for Families, Worth $25 Million to $500 Million, we take an in-depth look at the value and importance of risk management services.

Tax Planning

Taxes are a major expense that every individual has to bear. This is due to the fact that every financial activity, whether it’s transfer of an estate or investing of wealth,leads to some tax liability. However, the tax expense is significantly higher for high net worth or ultra-high net worth individualsas they have to deal with a higher tax rate. As a result, many wealthy individuals end up losing thousands of dollars to taxes each year.

Even though taxes are unavoidable, there are ways and strategies to lower them. And this is precisely what financial planners do!

The financial planners at a financial planning firm account for the tax implication of every single financial decision you make and then apply strategies to effectively lower your tax burden. For instance, they might suggest moving to states with a lower tax rate or altering your investment strategy. Read our handy guide to see how the best financial planner can help to successfully reduce your tax burden.

best financial planners

Wealth Transfer

Several high net worth and ultra-high net worth individuals are concerned for their family’s financial security. Thus, they choose to transfer a certain percentage of their assets and wealth to their children once they reach a particular age. This process sounds relatively straightforward and simple on paper, but the ground reality is far from it. For example, one of the biggest challenges of wealth transfer is the exorbitant taxes that come with it.

So, to make sure your family and heirs stay financially stable, financial planners offer comprehensive wealth transfer services. They use a combination of numerous financial planning tools such as trusts, wills, life insurance, and estate planning to ensure that your family remains financially stable.

At Pillar Wealth Management, our financial planners have expertise in providing wealth transfer service where we formulate a transference strategy that makes sure your wealth gets into the hands of the right people in the most tax-efficient way possible.

Retirement Planning

Retirement planning is one of the most crucial activities you can possibly undertake. Because once you reach retirement, you will probably have to live for a good 20 to 30 years without an active income source. Hence, you will have to rely on the passive income generated by your investments for your financial needs. In this guide here, we explore the five paradigm shifts you need to make to get the highest portfolio performance, ultimately helping you live a stress-free retirement.

Moreover, being a wealthy individual, you might have a unique set of retirement goals. For example, you might want to live a hassle-free retirement, travel across the globe, invest in a new business, etc.

Financial planners plan for your retirement in a manner that ensures you are able to attain your retirement goals. At Pillar Wealth Management, our financial planning experts devise holistic retirement plans to help you live a comfortable and peaceful post-retirement life.

Is It Worth Hiring A Financial Planner?

The services offered by a financial planner might have convinced you to work with one to manage your wealth and assets. However, you need to remember that not all financial planners and financial planning firms are alike. Some of the professionals don’t have the skill set required for such a complex job, whereas others are only concerned about their profits and shareholders instead of your financial well-being.

If you are wondering, is it worth hiring a financial planner, the answer to that isn’t a plain yes or no. The truth is that it’s only worth hiring a financial planner when the individual in question has the relevant knowledge, experience, abilities, and skills to effectively handle your assets.

Here is a comprehensive list of qualities you need to see in a financial planner before you officially hire them. For more detailed information on how to choose the top financial advisor, make sure you read our ultimate guide.

Experience Level

As a high net worth or an ultra-high net worth individual, you deserve to get the best financial planning services which you can only get if you hire the best financial planner. Therefore, the critical factor you should look at is how much experience does a financial planner has in the industry.

If you go with an inexperienced professional because they charge less money, your wealth will be at an incredibly high risk. This is because amateur planners aren’t equipped to secure your wealth from unexpected market turns and other dangers.

At Pillar Wealth Management, our financial experts have an aggregate experience of over sixty years. Thus, we can surely help you make smart financial choices so you can accomplish your short and long-term financial goals. Click here to book a detailed consultation with our experienced financial professionals!

Ability to Combine Active and Passive Investment Strategies

Active investment management encompasses acquiring and selling investments and leveraging the latest investment trends and ‘hot’ buys. Given the high amount of effort and work it involves, active investment management usually demands a higher management fee.

Contrarily, passive investment management is accompanied by lower management fees. It involved keeping track of financial markets and using data to guide investment decisions. In addition, capital gains generated from passive investment management are also taxed at a much lower rate. For more information regarding the contrast between active and passive investment strategies, read our guide, Improving Portfolio Performance.

Keep in mind that passive investment management has drawbacks too, and too much emphasis on it can make you miss out on growth opportunities. At Pillar Wealth Management, we can create an investment strategy that strikes the perfect balance between both investment techniques so that you can get the best of both worlds.

Customized Service

All affluent individuals have different goals and requirements, even if they have the same net worth. Thus, you need to make sure that the financial planner you choose offers you plans that are in line with what you need.

At Pillar Wealth Management, we aim to provide customized service to every wealthy individual we work it. We listen to and understand your unique requirements and needs before giving you any suggestions.

Our financial planners will meticulously evaluate your financial circumstances and will use a comprehensive process to develop any financial plan.

How Do I Choose A Financial Planner?

A common question high net worth individuals, such as yourself, have about financial planners is how do I choose a financial planner. Well, choosing a financial planner isn’t really a complex task. All you need to do is follow the steps outlined below and get the best financial planner.

Step #1 – List Down A Few Names

When looking for a financial planner, the best way to start is by getting referrals from your high net worth and ultra-high net worth family members, friends, and colleagues. Once you have collected a few names, look them up on Google.

If this doesn’t work out, you can use the Find an Advisor search tool by The National Association of Personal Financial Advisors to locate financial experts who can help you attain your goals.

Step #2 – Check their Background

Before you officially hire a financial planner, carefully research their background to ensure that you opt for the right professional. Thanks to the wide availability of the internet, this step has become easier than ever!

You can look up financial planners on BrokerCheck, where you can check how long they’ve been a part of the industry and see if any regulatory issues or consumer complaints have been registered against them.

Step #3 – Schedule an Introductory Meeting

Meeting with a financial advisor is highly essential as doing so will give you an insight into their personality and how they work. Use this meeting as an opportunity to ask any question that you may have regarding financial planning. Some questions that you can ask include:

• How do you get compensated?

• How often will we meet, and what will be our mode of communication?

• What type of clients do you typically work with?

Last Few Words

Our financial planning services are significantly different from those offered by the large Wall Street firms, who are more focused on satisfying their shareholders than helping you attain financial serenity.

At Pillar Wealth Management, we offer customized financial planning services so that you and your family can enjoy financial stability all your life. To start working with us, head over to our website and sign up for a no-obligation meeting with us.


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.

You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.

More from authors.

Related Post

  1. Questions to ask financial advisor – Are you planning to hire a financial advisor? A financial advisor serves as a financial planning…
  2. HNW – Do you happen to be a HNW (high net worth)investor with over $5 million in liquid assets…
  3. Retirement Planning Guide – Are you looking for a retirement planning guide? A robust retirement plan is the key…
  4. Retirement Financial Advisor – Whatever your net worth and living standards may be, it is inevitable to have concerns…