The Complete Guide to What We Do
Wealthy investors experience countless challenges related to wealth management. Many of these challenges can be maneuvered through with the help of a financial advisor. Boston city residents with $5 million to $500 million in liquid investment assets should reach out to Pillar Wealth Management for financial advice in different areas. You can learn about our investment strategies in our guide for investors with $10 million or more.
Do I Need a Financial Advisor Boston?
If you have never sought out the services of a financial advisor before, you may be wondering, “should I use a financial advisor Boston or do it myself”. You may have gotten this far in life without their assistance, but there are plenty of reasons to use a financial advisor Boston. Please speak with our wealth managers to learn how we can assist you.
Some reasons to use a financial advisor include:
Assistance With Achieving Your Financial Goals
Everyone has some form of financial goal or goals they wish to achieve. Perhaps you are interested in doubling your wealth by a certain age. Or maybe you want to start investing in a market sector you have never explored before. You can try working towards these goals on your own, but you may have difficulty finding the right strategies.
A financial advisor Boston can help you get on the right path with easy-to-follow strategies. You can learn some portfolio growth strategies in our special guide.
Learning About Your Financial Standing
Wealthy individuals who own a large number of assets may have difficulty understanding their finances in-depth. You can review your portfolio and bank statements multiple times, but you may still have trouble figuring out your current financial position. Knowing where you stand is important for financial planning.
A financial advisor can study your finances in-depth and let you know if there are areas of concern. They can also let you know how each of your assets is performing and whether you can improve their performance. You can learn some ways to boost your portfolio performance with our special guide.
Protecting Your Wealth
Financial advisors offer a wide range of services. Many of these services can help you protect your wealth. Please contact our financial advisors who learn about wealth protection strategies.
This is important, as your wealth in the present may determine your lifestyle in the future. We discuss the importance of wealth protection in our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
How to Pick a Financial Advisor
If you were wondering, “is a personal financial advisor worth the money?”. The answer is yes. These professionals can assist you in managing your wealth and making smarter financial decisions. However, you should ensure you choose the right person for the job.
Some qualities to look for when selecting a financial advisor include:
During your search, you should look out for advisors with a large amount of experience. These advisors are likely to have served many clients over the years and should have learned plenty along the way. At Pillar Wealth Management, we have six decades of experience offering financial advice to our clients. Set up a free meeting with our wealth managers to learn how many clients they have served over the years.
In addition to having experience, a financial advisor should possess a vast amount of knowledge in their field. A qualified financial advisor can help you execute advanced strategies, such as the ones mentioned in our guide for investors with $10 million or more.
Before using the services of a financial advisor, it is essential to test their bank of knowledge. However, you may have difficulty testing their knowledge if you do not have an educational background in finance. In this scenario, you should ask the advisor some of the questions given in our guide to choosing a financial advisor. This approach may be helpful if you don’t know what to ask before hiring a financial advisor.
A good financial advisor should be easy to reach. Frequent communication can be important when high wealth is at stake. If your financial advisor does not make time for you, it may be better to find a different one.
Financial advisors typically charge their clients based on a percentage of the value of their assets. So what percentage should you pay a financial advisor? Most advisors will charge between 1% and 2% of their client’s net assets.
Make sure you understand your financial advisor’s charges before using their services. For example, at Pillar Wealth Management, we charge clients a fixed annual fee with no hidden charges. You can meet with our wealth managers as much as you would like without paying extra.
Why Choose Pillar Wealth Management
Boston investors can search far and wide, but they are unlikely to find anyone that offers the level of expertise and personalization our wealth managers provide. We take the time to understand your financial goals and create suitable strategies to meet them. Sign up with our wealth managers and start better wealth management practices today.
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