Financial Advisor Hidden Hills

High Net Worth Financial Advisor

Having a high net worth usually brings a lot of financial uncertainty. Financial planning for high net worth individuals necessitates a high degree of expertise and experience in everything from investment goals and tax optimization to forming trusts and formalizing succession plans.

That’s why most high-net-worth individuals and families enlist the assistance of trained financial advisors to help them meet their financial goals.

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.

Wealth Management Firm

When looking for the best Hidden Hills wealth management firm, you must refuse to budge on a few key criteria. First, they must be fiduciary.

Second, they must be private and independent, not part of a big financial services firm with corporate interests and layers of bureaucracy that compromise the experience of high net worth investors like you. But that’s the easy stuff.

That’s the appetizer. For the main course – for anyone serious about getting a new financial advisor – get our best-in-class guide, The Ultimate Guide to Choosing the Best Financial Advisor. As for us, Pillar Wealth Management works exclusively with affluent families and individuals who have $5 million to $500 million in liquid assets.

A wealth advisor in Hidden Hills should have extensive experience in managing high and ultra-high net worth portfolios and be able to provide clear and data-backed answers to your questions.

Questions like, how do you navigate required minimum distributions in the most tax-advantageous way possible? And, what is the most tax-efficient transfer of your generational wealth?

That’s the kind of service Pillar and any other wealth management company in Hidden Hills worth your time should excel in delivering.

Pillar Wealth Management offers clients the luxury of investing between $5 million to $500 million and not having to worry about it ever again.

If you would like to know more, schedule your free consultation with Pillar Wealth Management. You will not speak with a fresh college grad. You will speak with one of our specialist co-founders Hutch Ashoo and Chris Snyder, who have a combined 60+ years industry experience in growing and protecting wealth for multi-millionaires.

Understanding the Basics of Wealth Management

Firms and their Services

Imagine this scenario: You are a high-income earner with an earning potential of at least $5 million a year, and you’re beyond the basic daily financial questions that consume many other people. What’s next?

Not every highly educated person knows how money can be effectively managed, and you have questions:

• What do I do with my accumulating wealth?

• Where do I invest and earn more efficient returns?

• How do I protect my wealth against sudden loss ?

• What are my greatest risks?

• What can I do to plan for the future?

Questions like these are best answered in coordination with an expert wealth manager who understands the needs and concerns of high and ultra-high-net-worth households like yours.

It would be a smart use of your time to get on the phone or a Zoom call with us and discuss your current financial and lifestyle goals and desires.

But if you’re not quite ready for that, an equally smart option would be to look through this free guide to optimizing investment solutions, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity today.

Here are your basic wealth management options whether you live in Hidden Hills, CA, or a similarly affluent area.

Financial Advisor Hidden Hills

Managing Your Money Yourself

With this method, you are in total control of how your earnings come in from your investments. However, you’ll need to become adept at using a great variety of financial knowledge that you may or may not be comfortable with—specialties such as diversification, risk management, tax efficiency, estate management, and the like.

Not to mention the financial tools that help build your wealth. Tools such as insurance, various types of trusts, and how to navigate the thousands of equity funds, bond funds, stocks, cash investment options, and more.

Also, you need to understand retirement planning and estate planning tools in order to pass on your wealth to your beneficiaries without the government taking 40% of it.

Managing money on your own requires a great investment of time and work and a sustained commitment because the rules and the goals are always changing.

Making Investments with an Investment Broker

Investment brokers suggest and purchase certain investments for you, and they earn a commission when they conduct a transaction. Investment brokers and stockbrokers are different. An investment broker is more specialized.

But both tend to work based on commissions, which puts an inherent conflict of interest between you and them. They make more money off certain recommendations, making it harder to trust their advice.

But a fee-based wealth manager who earns a percentage of your total assets is motivated by your success. When you do well, they do well. Pillar Wealth Management uses this type of fee structure.

If you need more information on investment brokers in Hidden Hills, you can get more when you reach out to Pillar Wealth Management.

Working with a Wealth Manager

The best way to relieve the time-consuming burden of having to manage this yourself is to enlist the help of a wealth management company. There are many such financial advisors in Hidden Hills, California. They may also have branch offices, branch office administrators, and branch teams in other locations, such as Woodland Hills. So, what’s the job of a financial advisor? You’re looking for one who:

• Creates custom investment strategy

• Knows how to achieve your financial and lifestyle goals and dreams

• Plans ahead for undesirable but unavoidable events

• Doesn’t pretend financial meltdowns don’t happen and instead anticipates them as part of the planning process

• Can recommend a variety of appropriate estate planning and tax minimization strategies

If you want to go all-in without committing or even getting advice from advisors yet, discover all there is to know about how to protect and grow your wealth by requesting a complimentary copy of our signature written work, The Art of Protecting Ultra-High Net Worth Portfolios and Estates: Strategies for Families Worth $25 Million to $500 Million.

If you have between $5 million to $500 million and have questions and don’t want to wait for the answers, then visit this page and request your free consultation with Pillar Wealth Management co-founders Hutch Ashoo and Chris Snyder today.

Wealth Management in Hidden Hills

A wealth manager does everything that a financial planner and an investment advisor can, but their added advantage lies in prioritizing your needs while making financial decisions. And wealth managers act based on the fiduciary standard. Unlike a stockbroker, they will not recommend a course of action that is not in your best interests. That’s why it’s best to turn to a wealth management company.

Edward Jones ranks highest in overall satisfaction among employee advisors, with 920.

The financial advisor satisfaction studies in the United States have been updated for 2020. The study now compares satisfaction among employee advisors (those who work for an investment firm) and independent advisors (those who work for a broker-dealer but function independently) based on six main factors (listed alphabetically): compensation; leadership and culture; operational support; products and marketing; professional development; and technology.

The study is based on responses from 3,262 employees and independent financial advisors and was conducted from January through April 2020.

For the fastest introduction to the changes you’ll want to make if you want to optimize your portfolio performance and protect your wealth, we recommend this short but powerful guide, 5 Critical Shifts for Maximizing Portfolio Growth Strategies.

Are we recommending a lot of free resources? Yes! Because we want you to succeed in exceeding all your most desired lifestyle and financial outcomes. And you can start your process by reading guides and books or talking to a wealth manager. We want you to have all the options available for wherever you are in your journey because our clients are our priority.

How much does it cost to have a financial advisor?

For the one-time development of a full financial plan, financial advisors typically charge a flat fee of $1,500 to $2,500, or about 1% of assets under control for portfolio management. Of course, fees and compensation systems vary from one advisor to another. This may make it difficult to figure out how much you should spend and if you’re getting a good deal.

Certified investment advisors calculate their fee for their investment advisory services in five different ways.

• The proportion of assets under management: a percentage of total assets in your account; this percentage could be on a sliding scale: the lower the percentage, the higher your asset amount.

• Hourly rates: a rate per hour paid, usually for a particular project or consultation.

• Fixed fees: a predetermined amount charged for a service, such as preparing financial planning.

• Commissions: type of bonus received when a transaction or a trade is made.

• Fees based on performance: if a given benchmark is outperformed, an additional fee is paid.

Advisors can charge these kinds of fees. Client fees are the only source of income for fee-only advisors. They don’t get paid commissions when their clients sell products or trade shares in their portfolios. Fee-based consultants make money from their clients’ fees and commissions or other third-party fees.

How much does a financial advisor cost?

The hourly rate for fee-based financial advisors ranges from $150 to $300. A proportion of the total amount of transactions you make would be charged to commission-based advisors. Financial advisors who provide managed portfolio services can charge between 0.5 percent and 2 percent of the assets they manage.

When should you hire a financial advisor?

A financial planner will assist you if you have concerns about saving money, retirement plans, taxes, or need help managing your finances. Financial advisors can be helpful when you’re unsure, emotional, or simply clueless about different wealth-management issues. They will develop a plan and give you advice on savings, retirement plans, estate planning, tax liability, and your children’s college education. The complexity of the advisor’s expertise ensure their ability to help you with many difficult decisions.

You could be perfectly capable of handling your own finances and savings for a long time. If you have $500k or more in savings (more than $1 million), however, you should definitely hire a financial advisor. Even if you’re an investment professional yourself, half the point of hiring an advisor is to have an  objective view of your situation.

Where Can I Get A Financial Advisor Near Me?

Now that you understand the various types of financial advisors in Hidden Hills, you might be wondering which salesperson or advisors to work with.

Consider working with Pillar Wealth Management. Our team works out of Walnut Creek, CA, northeast of San Francisco.

If you are looking to invest between $5 million and $500 million, schedule a time by registering for your no-obligation consultation call with our co-founders Hutch Ashoo and Chris Snyder. We look forward to answering your questions.

Authors

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.

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