Palo Alto is home to sunny weather, thousands of Silicon Valley tech start-ups, and a median household income that is more than twice the national average.
But, what can you do if you need a place to stash your hard-earned salary or recently sold startup shares to grow for the future? If this sounds like a question you have been asking to yourself, then you will likely benefit from a financial advisor in Palo Alto.
What can you do if you’re just trying to keep up with Joneses, or in the event that you have so much cash in your account that you’re not sure what to do with it?
Here are some things to look for in Palo Alto wealth management companies, from leading wealth management company Pillar Wealth Management, LLC., who manages investment portfolios for clients with $5 million to $500 million in liquid assets.
Table of Contents
- Here is what to look for in a wealth management Palo Alto company
- Starting with the basics: understanding how wealth management firms help you
- Making plans with your financial advisor
- Buying investments and securities with an investment broker
- Financial Planning in Palo Alto: Wealth Management Near Me
- Should I Work with a Wealth Manager Near Me?
Before we begin, if you’re searching for a wealth advisor in Palo Alto, and you need to invest anywhere from $5 million to $500 million, we can help.
Schedule your free consultation with Pillar Wealth Management, LLC.’s co-founders Hutch Ashoo and Chris Snyder to discover how we specialize in managing wealth for multi-millionaires.
Here is what to look for in a wealth management Palo Alto company
As someone that lives in Silicon Valley, it can be a fascinating experience searching for Palo Alto wealth advisors that understand your needs. No matter if you consider yourself upper class, upper middle class, or firmly in the middle class, you will always have specific needs.
After all, everyone in the population regardless of whether they earn $40,000 or $4,000,000 a year must focus on their health, housing, and education.
At some point, you will want to ask a Palo Alto investment advisor about saving for your goals, purchasing a home, or investing for retirement. Therefore, when you do a quick Google search for a “financial advisor near me,” it is a good idea to know exactly what you should look for.
Let’s chat about wealth management, what to know while searching for a financial advisor in Palo Alto, and the things you should be on the lookout for.
Starting with the basics: understanding how wealth management firms help you
Money management and investing can seem like a challenge at times. And even though you live in a city with a high household income where the residents are well educated, it can be tough to know what exactly to do with your money.
After you have paid the mortgage, car note, and student loans, do you let your cash accumulate or do you invest? And if you do invest, then where do you place your money so that it brings the best returns? These are incredibly common questions.
And since you are searching for information on a financial advisor in Palo Alto CA, you are likely looking to get more out of the money you make. So, what are your options? Well, there are several ways that you can invest their money:
Working with a computer – financial management with robo-investors
A quick note before you learn about robo-investors. If you are a multi-millionaire that wants to improve your investment results, get access to our guide, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity today.
This valuable resource will help you discover the steps that other affluent investors are taking to accomplish their financial goals.
- You can manage your money for yourself. This is one way that you’ll have full control over where you place your earnings. At the same time, to see the best growth you need to understand a diverse range of topics like risk management, diversification, and tax-advantage.
Additionally, you will need to know about the financial vehicles that help you build or maintain your wealth, like insurance, 401(k)s, health savings account, and the like.
Not to mention all the retirement and estate planning tools you should use to ensure that you are prepared to retire and to pass your wealth on to your future generations.
Managing your money is absolutely an option, albeit one that requires an abundance of financial savvy, and self-awareness to not make major behavioral mistakes that can affect your investing career long-term.
Working with real people in an investment management service
- Another option is to manage your money with the help of an investment management service. The service that you select depends on how hands-on you would like to be with the wealth management process.
There are robo-advisors, where software manages your investment portfolio using computer algorithms. If you want money management made simple, that is one option.
However, you won’t be able to phone up your robo-advisor whenever you have a specific question about money management, like you could while working with a financial consultant in Palo Alto, although some do offer financial assistance from humans for an added fee.
In a moment we will talk about the other forms of investment management services. Before that, we want to give you the opportunity to receive a free copy of our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates: Strategies for Families Worth $25 Million to $500 Million.
If you are a high net-worth individual and you want to grow, maintain, or protect your wealth, then follow the link above. We will send you a copy of this book directly to your home.
Making plans with your financial advisor
With that in mind, let’s say that you would prefer a real human managing your money instead of an automated computer system. In that case, you may want to work with a financial advisor.
There are plenty of those around in California, and you won’t have trouble finding one, regardless of whether you’re searching for a financial advisor in 94304’s illustrious Los Altos Hills, or you need a downtown financial advisor in 94301’s trendy zip code.
So, what is a financial advisor and are there any tradeoffs you are giving up by working with this type of investment manager over your other alternatives? Here is a rundown of working with a financial consultant in the 94304 area.
If you would like to make it easy to find an exceptional wealth management firm to help manage your portfolio worth between $5 million and $500 million, then visit this page and register for your free consultation with Pillar Wealth Management, LLC.’s co-founders Hutch Ashoo and Chris Snyder today.
Earlier, we discussed all the things you would need to know about managing investments, to ensure that you do it properly. It is the job of a financial advisor to help you build a custom investment plan.
Your average financial advisor in Palo Alto will know a lot about planning for major life events. They can help you get your finances in order, pay down debt, and meet your financial goals.
However, if you are searching for hands-off money management, this isn’t the way to go.
Financial planning in the 94304 zip code (and everywhere else for that matter) is all about creating unique financial plans dependent on your lifestyle. Where financial planning falls short is in the ability of a financial advisor to purchase investments and securities on your behalf.
At the end of the day, by working with a financial consultant in 94301 or wherever you find yourself, it’ll be up to you to either buy the suggested securities and investments that make up your plan, or to find another person that can.
And what happens if your plans change? Well then, you will once again need financial planning in 94301’s zip code investment services, you will have to adjust your financial plan, and a third-party stockbroker must sell old investments and buy new ones on your behalf.
Does that sound like a lot of running around? You’re not wrong, it is.
Are you looking for a financial advisor, but unsure of how to find one that is right for you? You need to look at this resource titled, The Ultimate Guide to Choosing the Best Financial Advisor: For Investors with $5 Million to $500 Million in Liquid Assets from Pillar Wealth Management, LLC. It will make the process of receiving financial planning near me incredibly simple.
Buying investments and securities with an investment broker
Now, we spoke about the type of financial advisor that can purchase stocks, bonds, and other securities on your behalf a bit earlier. They are referred to as stockbrokers, but they might also go by the more traditional title of investment broker.
Many specialize in several financial areas, however not all are there to build long-term investment plans for their clients. And since they are a little more specialized, if you have questions about inheritance in Palo Alto for instance, you will likely need someone else to help you out.
Put simply, investment brokers suggest and purchase certain investments for you and earn a commission whenever they conduct a transaction. However, if you need more comprehensive financial planning in Palo Alto, you will be much better off receiving services from one of the many 94304 wealth management companies in your area.
Let’s discuss what wealth management is and why you should work with a wealth advisor in the 94304 zip code, especially as an affluent individual.
Financial Planning in Palo Alto: Wealth Management Near Me
If you are weighing your options while comparing wealth management companies in California as an investor with $5 million to $500 million to invest, consider working with Pillar Wealth Management, LLC.
Visit our free consultation sign-up page and register for your time to speak with company co-founders Hutch Ashoo and Chris Snyder.
It’s easiest to explain what a wealth advisor in the 94301 zip code does by comparing them to investment brokers. There is some overlap between the two financial professionals, but there are also significant differences.
Wealth management companies are set up as Registered Investment Advisors (RIAs) and hire wealth managers that have their RIA designation.
The operative word there is “registered,” as to earn this designation a wealth manager either files their status with the U.S. Securities and Exchange Commission, or their state government.
And once you are a registered investment broker, you need to follow local and federal laws while selling securities.
The most important law that you’ll care about is referred to as fiduciary responsibility, which means that an RIA has to act on your behalf and in your best interest while suggesting, selling, and purchasing stocks, bonds, and other securities.
This fact is one of several reasons why multi-millionaires prefer to receive wealth management services instead of general financial planning services. Not only does a wealth manager do everything that both a financial planner and an investment broker can, but they also prioritize your needs while making decisions.
Couple this with the facts that RIAs work as a team of investors, and that they fully manage your portfolio without you needing to go back and forth between a financial consultant near me and a stockbroker, you understand just how beneficial the relationship can be.
When you need a professional to discuss inheritance in the 94304 zip code, to help grow your retirement account, and to invest your money so that you can accomplish your major life goals, it’s often best to turn to a wealth management company.
Are you searching for someone to help you meet your financial goals? Now is your chance to receive a helpful resource from Pillar Wealth Management, LLC. titled, The Ultimate Guide to Choosing the Best Financial Advisor: For Investors with $5 Million to $500 Million in Liquid Assets.
As a multi-millionaire you have certain investment needs. We will help guide you to responsible and trustworthy wealth managers that have a proven record of accomplishment.
Should I Work with a Wealth Manager Near Me?
Now that you understand the various types of financial advisors in Palo Alto that you can decide to work with, you might be wondering whether you should work with an advisor that is in your local area.
While it is nice to be able to meet your wealth management team and ask them about local questions on inheritance in 94301’s zip code or for the specifics of any financial question you have, it’s not a necessity.
After all, technology makes it easy to communicate with each other, no matter where you happen to be in the world.
With that said, it is good to know about the wealth management companies in your area, while weighing all your options. If you are looking for a financial advisor that is near you, consider Pillar Wealth Management, LLC.
If you are looking to invest between $5 million and $500 million, you can learn more about our team by registering for your no-obligation consultation call with our co-founders Hutch Ashoo and Chris Snyder.
We look forward to discussing what our wealth managers can do for you.
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