Financial Advisor Nevada: Expert Guidance – PillarWM
Wealthy investors need to be informed before making any important financial decision. However, this may not be possible without the right assistance at their side. Investors with $5 million to $500 million in liquid investment assets should seek advice from a professional financial advisor. Nevada residents with a high net worth or an ultra-high net worth can use the services of Pillar Wealth Management. Read our special guide for investors with $10 million or more to learn about investment strategies.
Is There More Than One Type of Financial Advisor Nevada?
Financial advisors are professionals in the finance industry who offer advice and handle many activities on behalf of their clients. Please set up a meeting with our financial advisors to learn how we can serve you.
There are many different types of financial advisors, such as investment managers, financial planners, retirement planners, and financial coaches. However, these professionals can be further subdivided into two categories. So what are the two types of financial advisors? There are ordinary financial advisors, and then there are wealth managers.
Wealth managers perform many of the same functions as ordinary financial advisors. However, they may offer a broader range of services that include managing wealth on behalf of their clients. In addition to this, a wealth manager deals only with high net worth or ultra-high net worth clients.
Benefits of Hiring a Financial Advisor
So why hire a high net worth financial advisor? Using the services of these professionals can benefit you in numerous ways. This includes:
Receiving Advice From a Professional
Everyone needs assistance from a professional at some point. When that time comes, you should have a financial advisor on-hand that you can turn to. Financial advisors possess experience providing services in many different areas. This experience has helped them build up a vast quantity of knowledge.
A good financial advisor will possess more investment knowledge than the average investor does. For this reason, you should turn to them for additional guidance. You can learn about our wealth manager’s expertise by reading our portfolio performance improvement guide.
Achieving Your Goals
Financial advisors are also skilled at creating financial plans. These plans function as essential roadmaps to help you achieve your financial goals, whatever they may be. If you wish to expand your portfolio and add a new type of asset, a financial advisor can assist you with this. We discuss this task in further detail in our guide for growing your portfolio.
Keeping Track of Your Investments
One of the pitfalls of owning a portfolio with many different assets is the amount of time you need to devote to tracking them. Your time may be better spent focusing on wealth building activities, but you can’t neglect your existing investments. A financial advisor can study your portfolio and offer to provide periodic investment updates. Please set up a free meeting with us to discuss investment management.
This approach leaves you with more time for other activities and less stress from worrying about your investments. We talk about the challenges of managing your investments in our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
How Much Does It Cost to Hire a Financial Advisor?
Individuals that are unfamiliar with financial advisory services may be curious to know how financial advisors get paid. While some financial advisors may charge their clients for consultations on an hourly basis, it’s more common for them to ask for an annual fee based on the value of the assets they are managing. Before hiring a financial advisor, you should ask them some of the questions given in our guide to choosing a financial advisor.
A fee of around 1% is common for financial advisors who manage the wealth of high net worth or ultra-high net worth clients.
What Type of Financial Advisor Do I Need?
If you were wondering, “what type of financial advisor do I need?” the answer will depend on your needs as well as your net worth. If you have between $5 million and $500 million in liquid investment assets, you should choose the services of a wealth manager. Get in touch with our wealth managers at Pillar Wealth Management to learn if we are the right fit for you.
Why Choose Pillar Wealth Management?
Nevada investors choose Pillar Wealth Management for financial advisory services for a variety of reasons. This includes:
Our six decades of experience make us one of the better choices in Nevada. Our wealth managers have helped numerous clients build up and protect their wealth over the years. They understand the various concerns that high net worth and ultra-high net worth individuals have and can offer their assistance whenever it is needed.
At Pillar Wealth Management, we understand that each client has a unique financial background and needs. This means a simple one-size-fits-all approach won’t be as effective as a highly personalized one.
We tailor each of our plans to fit your needs. We can help you carry out advanced strategies without making each step complicated. Read our guide for investors with $10 million or more to learn about some of our advanced investment strategies.
Our wealth managers are easy to reach and encourage their clients to get in touch with them whenever needed. Set up a free consultation with them today and get started with better wealth management.
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