Financial Advisor Chicago: How to Choose the Right Expert

Wondering, “Do I need a financial advisor Chicago?” Well, if you have more than $10 million in investable assets, you most definitely do! Having accumulated such a large amount of wealth, you must now create a smart wealth management strategy to preserve and grow your wealth. Staying objective throughout the process is important. Financial decisions clouded by emotions can ruin everything and undo years worth of hard work. This is why high net worth and ultra high net worth individuals prefer working with an expert financial advisor Chicago. Want to find a wealth management professional who is right for you? Read our exclusive guide now to discover what you should look for in an expert!

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 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 one-stop platform you can trust for fiduciary financial advisory services. Our team of ultra high net worth financial advisors is equipped with in-depth knowledge, specialized tools, and valuable resources to help people with $5 million to $500 million in liquid assets achieve their financial goals. No matter what your current financial situation is, you can expect to receive highly personalized services because we don’t believe in one-size-fits-all solutions. To schedule a consultation, contact us today!

 

Why Work with a Financial Advisor Chicago

When managing personal finances, you may have to work hard to maintain an objective view while conducting financial analysis and making life-altering decisions.

This is where a professional financial advisor comes in.

Ultra high net worth financial advisors provide objectivity while making important decisions on your behalf and offering financial advice. They keep you in the loop throughout so that you know you’re on the right track to achieving your short and long-term goals.

financial advisor chicago

How do I Choose a Good Financial Advisor?

Choosing a financial advisor Chicago may be challenging, given the countless options out there. However, you must remember that not every professional is right for you.

You’ll have to consult with multiple experts before you find the one who truly understands your financial situation and is willing to discuss your needs and goals in detail before creating a custom-tailored plan.

Before choosing the right expert for your individual needs, considering yourself, “What return should I expect from a financial advisor?”

Below are the top things you need to keep in mind while interviewing financial advisors.

  1. Knowledge

First and foremost, your financial advisor should know the ins and outs of high net worth financial matters. Don’t be afraid to ask for evidence that they understand the concepts and challenges of the specific financial areas you need help with. They should be able to explain the topics in an educated and logical way.

  1. Experience

Make sure your financial advisor has extensive experience working with affluent clients. As a high net worth individual, you are likely to face complicated financial problems and risks. Your financial advisor must be able to develop a plan to optimize your portfolio performance without taking unnecessary risks. If they have been working in the field for years or better yet, decades, they will know how to help you generate new income, reduce your tax burden, and grow your wealth.

Our guide here has all the answers you need to grasp a comprehensive understanding of high net worth portfolio performance optimization.

  1. Holistic Approach

Your financial advisor Chicago must take a proactive and holistic approach to wealth management. In addition to analyzing your financial situation, they should identify your goals, determine your desired lifestyle, and assess your risk tolerance. Without a holistic approach, they won’t be able to help you build wealth.

To better understand the importance of the right wealth management strategy, get a free hardcover copy of our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.

  1. Investment Strategy

Before you choose a financial advisor to work with, discuss how they will create your investment strategy. As an affluent individual, you shouldn’t be chasing short-term gains to enhance portfolio performance. Your focus should be on achieving your investment objectives and financial goals in order to ensure optimal financial security in the long run.

Discover the five essential shifts all high net worth and ultra high net worth individuals must make in our guide here.

Furthermore, your financial advisor should believe in using active and passive management techniques to strengthen your portfolio and minimize your risks. Click here to learn how you can find an expert with this mindset.

  1. Pricing

You should always look for a financial advisor Chicago who offers a transparent cost structure. Their pricing should be fair and there should be no hidden costs.

While the services of the best financial advisors tend to be expensive, you can get fiduciary financial services at affordable costs at Pillar Wealth Management. For more information on how our financial advisors charge our clients, get in touch with our experts.

How Often Should You See Your Financial Advisor?

This depends on your unique financial situation, needs, and goals. Nevertheless, you should see your financial advisor at least once a year for reviewing your portfolio performance. You may call them regularly to stay on top of your portfolio rebalancing.

That being said, make sure your financial advisor will be available in case you need to discuss an unexpected financial problem or ask immediate questions during the year.

At Pillar Wealth Management, we ensure that we are at our clients’ service at all times. Your satisfaction is our topmost priority. Start a conversation with one of our experts.

Get in Touch with an Expert Financial Advisor Chicago at Pillar Wealth Management

At Pillar Wealth Management, our experts take pride in providing fully customized financial advice and services to each client. Our ultra high net worth financial advisors are highly trained, knowledgeable, qualified, and experienced.

With us, you can get as involved in your wealth management process as you like.

Book a free consultation with us to get started.

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