Financial Advisor Sacramento for Investors Worth $5 Million to $500 Million

As a high-net-worth individual, you may have managed to accumulate $5 million to $500 million worth of liquid assets through your business or other financial activities. However, retaining all that wealth or even growing it further is an entirely different story. That requires years of experience, a deep understanding of the market forces, knowledge about tax regulations and other laws, and much more. Most high and ultra-high-net-worth individuals lack such experience and knowledge, and even if they do, they simply don’t have the time to utilize it. That’s why they need a financial advisor Sacramento, who has the knowledge, experience, and time to help affluent individuals meet all their financial goals. We suggest reading our brilliant guide for investors worth $10 million or more, where we reveal all the reasons why a financial advisor is so crucial for affluent individuals and families.

When looking for a financial advisor Sacramento, you can also consult Pillar Wealth Management. Our private firm has been assisting high-net-worth individuals with $5 million to $500 million in liquid investments for more than three decades. We have a broad range of financial advisory, financial planning, and other wealth management services that allow us to help our clients fulfill all their goals in life and attain financial serenity. Our wealth managers and financial advisors fashion highly customized and tested financial plans that best align with our client’s short and long-term targets. So, if you are looking for such a financial advisor Sacramento, arrange a no-obligation meeting with Pillar Wealth Management today.

In this blog, we’ll be discussing what a financial advisor can do, how they help affluent individuals, and how you can choose the right one for yourself. Let’s get started.

What Does a Financial Advisor at Sacramento Do?

Despite their name, financial advisors do a lot more than just advise you on your financial decisions.

If you manage to find the right financial advisor Sacramento, they will be involved in every aspect of your financial planning and wealth management and will help optimize your financial strategies accordingly. There are also various kinds of financial advisors, such as financial planners, investment advisors, tax advisors, wealth managers, and more.

Here are some of the services a financial advisor does.

Investment Management

Investment management is a critical part of any high-net-worth individual’s wealth management strategy. Without a sound investment and portfolio plan, such individuals will not only find it hard to grow their assets but also sustain them throughout their life.

That’s why financial advisors develop comprehensive investment plans and portfolios with smart asset allocation and portfolio diversification. They make sure the investments can help fulfill your short as well as long-term financial goals while also protecting your assets and minimizing your costs.

Read our fantastic guide on portfolio growth strategies to learn about the shifts millionaires must make to improve their portfolio and attain financial success.

Retirement Planning

Making plans for your retirement certainly sounds good, but it is actually much harder to achieve. You have to determine exactly how much you will need to live the retirement life you desire. Then you have to figure out how much to invest or save to accumulate that much wealth.

Moreover, you have to figure out how much you need to save and how to prepare for any unforeseen circumstances. In addition to that, your retirement plan will also keep changing depending on which stage you are at in life.

This is impossible to do on your own efficiently, and that’s why you need a financial advisor. They work closely with wealthy families to understand all their needs as well as reservations and then draft a retirement plan accordingly.

Tax Optimization

Taxes are unavoidable for everyone, but they impact different people in different ways. For high and ultra-high-net-worth individuals, taxes are one of the expenses they tend to ignore and yet, it is one of the biggest expenses eating away at their wealth.

Because of their vast wealth and assets, they are involved in that many more financial activities, and each financial activity results in some tax implications. A financial advisor analyzes each of your financial decision to evaluate its returns as well as costs such as taxes.

They employ various tax optimization strategies such as tax-loss harvesting, moving to no income tax states and more. Connect with our expert and experienced financial advisors today who have been helping affluent individuals with their tax management for more than three decades.

Financial Advisor Sacramento

Estate and Legacy Planning

Like most parents, you will start growing concerned about your children’s financial security as well as your family grows bigger or as your financial situation changes. Again, this is a difficult task to manage. Once you are gone, there can be many family conflicts, your wealth can be taxed at high rates, and you can never be sure whether your wealth goes to the right people.

However, a financial advisor makes sure you avoid all these hurdles. They help ensure a smooth transfer of wealth to your heirs and loved ones so that you never have to worry about their financial security. Besides that, financial advisors also help carry out other philanthropic plans, set up charities or trust funds as part of your legacy.

Risk Management

Another important service that a financial advisor performs is risk management. The market can be very unpredictable and volatile. Even besides the market, your own life events can be quite unpredictable as well, such as any medical surprises or a divorce.

All these unforeseen events pose a serious risk to your financial position. Without the right precautionary measures, these events could push you towards an uncertain retirement or, worse, even bankruptcy.

You can learn about some of the factors that could lead you towards an uncertain retirement or a dangerous financial position from our exclusive guide on finding the right financial advisors.

As a result, financial advisors use portfolio diversification, insurance planning, and other measures to protect your wealth from any risk.Discover other strategies to protect your wealth by ordering a free hardcover copy of our book, The Art of Protecting Ultra-High-Net-Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million.

How Can a Financial Advisor Help You?

You could probably find all these financial services at various other financial institutions as well. However, a financial advisor Sacramento does more than just performing these services for you.

As mentioned earlier, they are heavily invested in every aspect of your wealth, and they are fully committed to helping you meet your goals. Here’s how they can help you.

Comprehensive Financial Planning

Financial planning is a crucial step before you start any of your other financial activities. It helps you identify your short and long-term financial goals as well as other targets and aspirations in your life.

A financial advisor will spend hours with you just to understand these goals and needs and then develop the most appropriate strategies accordingly. They will turn your vague goals into actionable steps that you can actually take and monitor.Set up a free chat with us to talk about your financial plans and goals in life.

Fiduciary Services

While this might not hold true for all financial advisors, but many financial advisors provide fiduciary services. This means they follow a strict standard of care, where they must always prioritize your best interests above their own. They always have to be 100% transparent and honest in all their dealings. They have to disclose all relevant information so that you can make informed decisions.

Tailored Financial Plans

Unlike many other big financial institutions, financial advisors, especially those at private wealth management firms like Pillar Wealth Management, help develop tailored financial plans. Based on the financial planning and fiduciary duty, they help come up with the best solutions that directly cater to your needs and goals.

As a result, their strategies are much more efficient and effective for your wealth management.Read our guide on portfolio performance to find out why your goals are so important for the success of your financial plans and investment strategies.

Monitor and Adjust Financial Plans

Along with developing financial plans, financial advisors also help monitor and adjust those plans. Financial planning is not a one-time thing. You can’t create a financial plan and then just chuck it away in some drawer.

Such a plan will only grow more inefficient with time and could even you’re your financial health. The plan has to be constantly revisited, revised, and then revised a hundred more times. It keeps changing according to the changes in the market, economy or even in your personal life. A financial advisor makes sure you are headed towards your goals and alters your plan if you are not.

Free Up Your Time

As a high-net-worth individual, you already must have a lot on your plate. Managing $5 million to $500 million in liquid assets is not easy, and besides all that, you may have loved ones and family to look after, businesses to run or philanthropic plans to carry out.

You can’t do that if all your time is invested in looking after your portfolios, managing your retirement plan, worrying about your taxes, etc. That’s why you need a financial advisor Sacramento who can look after those things while you get the time to pursue what you really want to pursue in life.

Financial Serenity

Most importantly, a financial advisor can help you attain financial serenity. This is the most vital thing for high and ultra-high-net-worth families and individuals. True financial serenity frees them from any financial worries or doubts they may have about their future. They are completely stress-free about their financial position because they truly believe in their financial advisor and their capabilities.

Consult Financial Advisor Sacramento for Free

If you are still having doubts and are wondering, where can I get a financial advisor for free? Firstly, finding the right financial advisor is certainly an arduous task. It can be hard to find someone you trust with the vast amount of your wealth.

However, you will have to put in some time and effort to find the best advisor for yourself as that hard work will pay off in the future. You can take some pointers from our guide on the best financial advisors for individuals worth $10 million or more on how to find the right advisor for yourself.

Secondly, there are not a lot of financial advisors out there who will be willing to work with you for free. Even if it’s just one session, you will still have to pay for that consultation session.

But this is where we are different. Our financial advisors realize how important it is to trust your advisor before you actually start working with them. That’s why at Pillar Wealth Management, our fiduciary financial advisors work on a 100% fee-only basis. We provide a wide range of investment management, financial planning, and wealth management services so that our wealthy clients can benefit from holistic and comprehensive wealth management. Our advisors and wealth managers strictly cater to affluent individuals with $5 million to $500 million in liquid assets. We develop personalized financial plans that best align with our client’s goals. Arrange a free consulting session with Pillar Wealth Management today.

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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