As a resident of Los Altos and likely a member of the top 1%, with a net worth ranging from $5 million and $500 million, you’ll need to pay special attention to your finances.
Both now and in the future. If you have over $10 million to invest then you should check out this special guide for $10+ million investors.
Residents of Los Altos need to know who to trust to help manage their finances? In this article, we talk about what financial advisors are and what you should look out for in a Los Altos Financial Advisor.
If you want to know more about financial advisors near me, this article from Pillar Wealth Management LLC will help. Pillar Wealth Management LLC is a leading financial advisory and wealth management company in the Los Altos and California area, where you can invest anything from $5 million to $500 million in liquid assets.
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Here’s a quick note before we delve deeply into financial planning in Los Altos and adjacent areas. If you are on the lookout for a financial advisor in Los Altos and need help managing assets between $5 million and $500 million, then get in touch with us.
You can sign up for a free consultation with Pillar Wealth Management today. In this free consultation, you’ll be speaking directly with the company’s co-founders Chris Snyder and Hutch Ashoo. The firm specializes in managing wealth for multi-millionaire clients with unique investing needs, just like you.
Things to Consider When Selecting Financial Advisors in Los Altos
Los Altos is a very good place to live in California because the area, and indeed the state is one of the most prosperous in the nation.
With the median household income at over $200,000, far higher than the national average of $56,000, it’s no wonder that this location is a catch.
However, this prosperity also has its disadvantages. Because of the high income, low unemployment rate, and the incredible quality of life, Los Altos can be quite expensive to live in.
More than that, earning a high income or possessing a high net worth comes with its own challenges, especially for those in the multi-million-dollar range. Not every financial advisor in Los Altos will dully recognize these unique challenges.
Most wealth managers are likely to offer services that are tailored to suit people in the middle class instead of the top 1%, and would not meet your needs.
It is imperative that when searching for a financial advisor, you should search for a financial advisor in Los Altos that understands your unique situation and comprehends your money management needs.
If you want a comprehensive guide that will show you how to find the perfect financial advisor for you, you should get our resource, The Ultimate Guide to Choosing the Best Financial Advisor: For Investors with $5 Million to $500 Million in Liquid Assets.
We specifically created this resource for you, the affluent individual that is faced with the hard choice of choosing the perfect financial advisor.
As you probably know, the choice of a financial advisor is not one to be made lightly or without much thought.
Rather, you need to consider a lot of factors and be doubly sure that the financial advisor that you choose is perfect for you and your unique situation.
The resource clearly outlines the risks of choosing a financial advisor that is unsuited for you and shows a foolproof but straightforward way to find the perfect financial advisor that you need.
Should You Manage Your Finances Personally
When it comes to managing your wealth, you have numerous options. The first and most obvious option is to manage your finances personally and invest by yourself.
This is, of course, the cheapest course of action, it will also be the most challenging. And it will give you the biggest chance of making mistakes.
Most high-net-worth individuals decide not to manage their finances themselves. This is because it requires them to have a great deal of financial knowledge and expertise in financial planning.
Managing your finances by yourself would mean that you must have a very good understanding of investment options, tax and estate planning, and accounting. You would also need to develop many other fiscal management skills.
If you want to live an affluent life and enjoy your wealth, then rather than focus on it entirely when managing it, a better way is to get an excellent financial advisor. The right type of financial advisor can turn your wealth into generational wealth.
Why You Need a Wealth Advisor near me in Los Altos
As you begin your search for a financial advisor in Los Altos, you will find multiple financial solutions available to you. Before making a choice, however, it’s essential to understand what the goal of a financial advisor is.
The goal of a financial advisor or wealth manager is to help you maintain your wealth. We do this by investing it wisely, ensuring that you can live the kind of lifestyle you want without worrying about losing your money or running out of it.
Yet the question remains, how do you ensure great results on your investments? To answer this question and many more like it, you should check out our resource, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity.
If you want to set up an investment portfolio that will be resistant to market fluctuations, then it is a must-read.
As a high net-worth individual, you’ll need holistic financial planning. This is why working with a financial advisor in Los Altos is likely your best option. A good wealth advisor will play the role of both a financial planner and an investment broker.
They will help you plan a financial strategy, as well as manage your portfolio on your behalf. They will also assist you with complex financial matters.
You can learn more about this by getting our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates: Strategies for Families worth $25 Million to $500 Million.
We’ll send a copy directly to you if you want to learn more about protecting your wealth and ensuring that it lasts for generations.
So don’t delay, book a no-obligation, free consultation call with the co-founders of Pillar Wealth Management, Hutch Ashoo, and Chris Snyder.
Located in the heart of the Santa Clara County of California, Los Altos is a great place to live.
The median income is at least three times higher than the national average and the environment is very peaceful and serene.
Again, if you feel any doubts about your investments then don’t delay, book a no-obligation, free consultation call with the co-founders of Pillar Wealth Management, Hutch Ashoo, and Chris Snyder.