The Complete Guide to What We Do
People with $10,000 or even $100,000 in their accounts can go to the nearest private bank and fulfill all their financial needs. However, it’s different for high net worth individuals and ultra-high net worth families. Such affluent individuals have diverse and complex financial needs that can only be catered to by specialized and experienced professionals, such as a financial advisor Hawaii. More importantly, they can’t just work with any financial advisor. They need the best financial advisor Hawaii. Investors worth $10 million or more can learn to choose the best advisors by going through our complete guide on it.
Strategies For Families Worth $25 Million To $500 Million
The Art of Protecting Ultra-High Net Worth Portfolios and Estates
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 an independent wealth management firm that is entirely focused on providing the best services to their clients. Rather than focusing on meaningless performance numbers, we believe in working towards each client’s personal goals and targets in life. That’s also why we don’t take more than 17 clients in a year so that we can direct our efforts towards helping our clients achieve their goals and attain financial serenity. Schedule a chat with our advisors to learn more about what we do.
In this blog, we’ll be discussing what a high net worth financial advisor is and what you need to ask them every year. Let’s begin.
Table of Contents
What is a High Net Worth Financial Advisor?
A financial advisor is a person who provides various financial services, depending on the type of financial advisor they are. For instance, an investment advisor may be responsible for providing you advice regarding your investment portfolio, guiding you towards the most appropriate products and securities, etc.
Similarly, a wealth manager provides more holistic financial services. They handle and look over all aspects of your wealth, from investments to taxes to insurance. Such individuals are highly experienced at their job. Get in touch with our wealth managers to learn more about them.
High net worth financial advisors specifically cater to high net worth individuals. This means individuals with at least $1 million of net worth can avail their services. If you fall in this category, it’s vital that you strictly hire a high net worth financial advisor. Only such advisors can truly understand the full complexity of your financial situation and your needs. Therefore, they can provide you with highly specialized services that are fully designed to help you meet your goals. Go through our extensive guide on the best financial advisors to learn how you can find one.
What Should I Ask My Financial Advisor Every Year?
Firstly, if you’re meeting your financial advisor only once a year, that is a dangerous sign, and you should reconsider working with them. The best financial advisors are always in contact with you, providing monthly or quarterly reports of your assets’ progress so that you are fully aware of your financial situation. We recommend reading our exclusive guide on finding the best financial advisors for investors with $10 million or more in liquid assets.
Besides that, when you do meet your financial advisor, there are several things you can ask them. You can ask them about your portfolio’s performance. But don’t just stick to the numbers. Ask them how that performance has brought you closer to achieving your goals and targets. Read about why such performance is crucial for financial success from our guide on portfolio performance.
Similarly, you can ask about your costs, taxes, investment strategy, retirement, and estate plans, etc. Talk to our experienced advisors to discover what you need to know about wealth management.
How Many Clients Can A Financial Advisor Handle?
There really isn’t any specific limit to how many they can have, but usually, financial advisors tend to cater to 100 to 200 clients. While that is certainly an impressive number, you shouldn’t choose a financial advisor just on the basis of how many clients they have. Even the best financial advisors can only effectively deal with so many clients.
The more clients an advisor has, the more divided their attention will be, and you won’t be able to get the fully customized services you deserve. That’s why when you go to big financial institutions with hundreds and thousands of clients, they only provide you with fixed financial packages and not the kind of services you deserve. Read about the critical shifts you must make to achieve financial success from our guide on portfolio growth.
The Real Questions You Need to Ask a Financial Advisor Hawaii
Instead of wondering, “how many clients does a financial advisor have?” what you really should be asking is how long a financial advisor Hawaii has been working with their clients. On average, how many years does one client stick with them? What do their previous affluent clients say about their services?
Questions like these will tell you how good such financial advisors really are and whether they’re the right ones for you. Order a copy of our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million, to learn what else you need to know about wealth management and the questions you can ask.
Today, when there are so many financial advisors around in various forms at various financial institutions and with a lot of promises and claims, it can be hard to choose the right one for yourself. However, considering how important they are for your wealth and, most importantly, your financial security, this is one decision you can’t make in haste. You need to spend some time and effort and ask the right questions to make sure you find the right financial advisor Hawaii for yourself.
Pillar Wealth Management provides fiduciary financial services to high net worth clients with $5 million to $500 million in liquid assets. Our services include investment management, risk management, tax management, estate planning, and a lot more. We believe in helping our clients achieve all their goals through our experience, expertise, and dedication. Affluent individuals can schedule a session with our advisors to consult about their financial needs.
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