Top Investment Advisors: How to Find Them – PillarWM
Investing is a crucial aspect for any high-earner or high net worth individual. The top investment advisors use smart strategies to help affluent investors achieve their long-term goals and live a luxurious lifestyle. Families with over 10 million dollars in liquid assets typically turn to experts for their investment advice. If you’re looking for the best expert to guide you in your finances, you can read our guide, The Ultimate Guide to Choosing the Best Financial Advisor for Families worth $5 Million to $500 Million. It contains everything you need to know to make the right decision.
STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION
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 firms, such as Pillar Wealth Management, offer investment advice to wealthy clients. We work exclusively with clients who possess $5 to $500 million in liquid assets, helping them find true financial serenity. If you would like to learn more about how our wealth managers develop a solid action plan custom-tailored to your goals, contact us today. Your first consultation with us is completely free-of-cost!
If you’re new to the investing world, you might have many questions regarding investment advisors services, such as, “Is it worth hiring an investment advisors?” and “What do investment advisors do?” We will answer these questions in the following sections.
Table of Contents
What is Investment Advice or Investment Management?
While anyone can give you advice on where you should invest, as an affluent investor, you need more than that. You need the assurance that you’re getting expert investment advice or management services that boost and simultaneously protect your wealth.
Investment management is a systematic process that allows you to build a portfolio comprising of various investment products, such as stocks and bonds while considering your financial situation, needs, and objectives for the short-term and the long-term. It is more than just buying and selling financial assets and investments. These assets and instruments need to be managed and adjusted for optimal performance.
Top investment advisors aim to maximize your earnings while reducing your expenses and risks. They achieve this by implementing effective short and long-term strategies to acquire and dispose of your portfolio assets at the correct time.We talk about five important strategies for your portfolio in our guide,5 Critical Shifts For Maximizing Portfolio Growth Strategies.
High-earners have a lot on their plates, from running multi-million-dollar businesses and being on the look-out for opportunistic business ventures to juggling numerous high-value assets across various accounts. Adding managing your investments to this list increases the pressure of making the right decisions, leaving little to no time for you to spend your hard-earned money on the luxurious you can afford. Investment advisory services allow you to leave your assets in the hands of experts who can make wise decisions without letting emotions cloud their judgment.
What is the Role of an Investment Advisor?
Part of knowing the importance of working with investment advisors is knowing the answer to the question, “What do investment advisors do?” Many investment management firms offer services such as monitoring of investments, stock selection, asset allocation, and portfolio strategy. Often, they may also reserve financial planning and advisory services for high net worth or ultra-high net worth clients.
Investment advisors give you the support and guidance you need to distribute your wealth across diverse investments and asset classes. They optimize your portfolio by maintaining the right balance between financial risk and security, aligning your investments with your retirement and estate planning goals. Let’s discuss some of the important tasks that fall under the domain of investment advisors.
Portfolio Diversification and Asset Allocation
If you’ve spent most of your life in the business world accumulating your wealth or have worked in a high-paying profession for decades, you might not understand markets and investment strategies as well as you need to. Fortunately, experts are trained and specialized in this field to provide you with the best investment strategies.
Investment advisors possess in-depth knowledge of markets andasset classes and use it to help you make the best investment decisions. Stocks, bonds, real estate, equities, and commodities are only some of the financial assets and securities that investment managers deal with. Portfolio diversification and asset allocation are crucial to help you in your investments. Asset allocation helps you divide your resources into different classes, such as bonds or stocks. Portfolio diversification further spreads your investments across different sectors and markets to mitigate your risk.
Both of these aspects allow you to compensate for your losses by generating profits from other assets.You can read our guide, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity, to gain an insight on which strategies are the best to optimize your portfolio.
Rebalancing Your Portfolio
Your investment strategy and portfolios are based on your goals, which can change over time. It only makes sense that your portfolio should change to reflect your goals. The top investment advisors understand the importance of this and make sure that your portfolio is readjusted according to your life changes.
Market or economic downturns and other major life changes such as catching an illness, marriage, or divorce can affect your short-term and long-term goals.Rebalancing your portfolio protects you from any unforeseen losses and optimizes your portfolio’s performance to allow for maximum growth.
Investing can be a risky game, especially if you don’t know what you’re doing. Many investors who choose to make decisions on their own end up investing in companies and assets that are considered ‘safe.’ However, even the safest of investments remain at risk due to market unpredictability.Investment advisors can tell you where you should invest, disclosing exactly how much of a risk an asset carries and how much profit it can generate.
Protecting your assets should be your first priority since a high net worth attracts higher risks. Our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million, talks about the threats wealthy families face and how to overcome them.
Customizing Your Experience
Any reputable or credible investment advisor will strive you give you a customized experience. This means analyzing your risk tolerance, your assets, your time horizon, your values, and your future aspirations. A personalized investment strategy is an important key to meet your targets and secure your financial future.
If you have any experience in investing, you know that each investment decision can directly impact your tax bill. While you can celebrate the profits you generated through a particular stock; you might find yourself using a lot of those profits to pay off the taxes they accumulated.
An investment advisor is meticulous about all aspects concerning your investment decision, including the taxes they incur. They are well-versed in tax-loss harvesting strategies and tax reception strategies which help bring down your expenses. They can move your investments across assets that have fewer taxes, or they might advise you to contribute more to charitable organizations to lower your taxable income.
Is It Worth Hiring an Investment Advisors?
If you’re asking yourself, “Is it worth hiring an investment advisors?” the answer is yes. Working with one of the top investment advisors can make your life easier. They are skilled and knowledgeable in navigating complex financial situations. This saves you the time and hassle of having to do it all on your own.
Hiring an investment advisor means you’ll have an expert managing your investments in accordance with your goals and needs. They address your questions and concerns and provide you with a comprehensive financial plan. They stay updated on market trends, so you don’t have to spend time worrying about the market conditions.
The training and expertise these experts have allows you to enhance your performance without opening yourself up to unnecessary risks or compromising your financial security. Critical financial decisions are stressful, which is why a second opinion is best when obtained from someone who is an expert in the field.
Investment advisors keep tabs on your portfolio, ensuring that it is rebalanced or adjusted when there is any change in the market conditions or your personal life. Moreover, they can assist with aspects other than your investments, such as tax strategies, estate planning,debt planning, cash flow management, or retirement income planning. If you would like to enlist the help of one of our wealth managers for any of these services, you can schedule a call with us today.
Finding the Top Investment Advisors
If you’re convinced that you need an investment advisor to help you with your finances, you might wonder how you can find the top investment advisors. For investors with more than 10 million dollars in liquid assets, we prepared the Ultimate Guide to help you find the best financial advisor for you.
When looking for any financial advisor, the first thing you should look at is their qualification and expertise. Do they have specialized training or accreditations? How many wealthy clients have they worked with in the past? How many of those clients were they able to retain? Keep in mind that as a high net worth or ultra-high net worth investor, your portfolio requires a different treatment from that of an average investor. Your advisor should be able to differentiate between those needs.
An investment advisor that follows a fiduciary standard of care is in your best interests, literally. They are bound by law to advise you on your finances while abiding by a strictly ethical and moral code of conduct. They should be able to make well-informed, objective, smart decisions to make your investment profile perform at its best.
How Much Do Investment Advisors Services Cost?
Investment advisors services can be fiduciary or non-fiduciary. This affects their payment structure in addition to their standard of care. Fiduciary advisors work through an annual fee, which is normally a percentage of the assets under their management. The percentage can differ with the investment firm they work with but usually ranges from 1% to 4%.
Non-fiduciary advisors, on the other hand, use payment models that can create potential conflicts of interest. These can include product-based compensation,commissions, margin interests, or performance-based fee. Therefore, most wealthy investors prefer working with fiduciary advisors as they offer unbiased advice and can assist you with managing active and passive management fees.
At Pillar Wealth Management, we offer a transparent cost structure without any hidden costs. Our fiduciary wealth managers are dedicated to helping you eliminate unnecessary risks and costs as you enhance your wealth. If you have more questions about how our wealth managers are compensated, feel free to contact us and schedule a meeting.
Top Investment Advisors at Wealth Management Firms
Every investor aspires to generate higher returns, upgrade their lifestyle, and safeguard their assets and financial future. Working with the top investment advisors can not only help you create tangible financial goals but also use the strategies that help you achieve those goals. Highly knowledgeable and experienced investment advisors can come up with customized solutions that help you overcome obstacles and cope with the complications and risks associated with the high net worth investment world. The Ultimate Guide to Choosing the Best Financial Advisor for Families worth $5 Million to $500 Million is ideal for guiding you towards the right advisor to meet your unique needs.
Most wealthy investors work closely with wealth management firms for the holistic financial management services they provide, including investment management. At Pillar Wealth Management, we work with rich families with 5 million to 500 million dollars in liquid assets, helping them develop intelligent strategies and comprehensive action plans that preserve and grow their money. Our wealth managers can give you expert investment advice, manage your portfolio, and provide you with customized solutions on almost any financial matter.If you would like to start a conversation with one of our financial experts, book a free consultation with us.
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