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Best Financial Planner Near Me: Do You Need One – PillarWM

If your wealth has crossed the $5 million mark, you should seriously consider hiring a financial planner. Because, let’s face it, handling such a huge amount of wealth on your own is not just difficult but also very time-consuming. Many high net worth and ultra-high net worth individuals who don’t have sufficient knowledge about the various financial markets, often search for the “best financial planner near me” on the Internet to get advice on how to safely manage their wealth. Read our handy guide for investors with $10 million or more to learn how financial planners can help you attain financial serenity.

Pillar Wealth Management has a team of highly skilled and competent financial planners who offer financial planning services to clients who have assets ranging from $5 million to $500 million. We strive to ensure that our clients get the financial security they have always dreamed of. Schedule a meeting with our team to learn more about how we can help you manage your wealth.

Table of Contents
Best High Net Worth Financial Planner Services
Is It Worth It to Hire A Financial Planner?
How Do I Choose A Financial Planner?
What to Look for In the Best Financial Planner Near Me
Last Few Words

Best High Net Worth Financial Planner Services

A financial planner is a qualified profession who assists high net worth and ultra-high net individuals accomplish their long and short-term financial goals.

Financial planners perform their roles by holding detailed discussions with their clients to gauge their financial goals, life stage, openness to taking risks, and time horizons. Once financial planners collect this information, they choose a suitable cluster of investments where their clients can invest their liquid assets.

Moreover, financial planners also devise holistic plans that encompass the best high net worth financial planner services to ensure that their clients successfully attain their financial goals. Some of these services include:

-Cash Flow Management

-Balance Sheet Optimization

Retirement Income Planning

-Wealth Transfer

-Risk Management

Tax Planning

At Pillar Wealth Management, we provide comprehensive investment management, financial planning, and wealth management services. Schedule a meeting with one of our team members to learn more about how we can grow and protect your portfolio.

Cash Flow Management

Proper management of your wealth and assets helps to ensure that you continue to move towards your financial objectives such as buying a luxury yacht, repaying your mortgage, purchasing a new holiday home, and becoming financially secure. Cash flow management is also necessary to help you maintain a sufficient emergency fund so that you can easily cover unexpected expenses such as hospital bills for long-term medical care. Thus, it is one of the most important services offered by a financial planner.

At Pillar Wealth Management, we provide comprehensive cash flow management so that you live a stress-free financial life. We identify where your income is coming from and how you’re using it. Along with that, we also analyze your liabilities and assets to determine areas for enhancing and optimizing cash flow. Using our diligent cash flow management services, you can make more intelligent decisions regarding your wealth, forecast any future cash problem, and resolve it before it happens.

Balance Sheet Optimization

Real assets play a major role in building and securing wealth. However, they aren’t helpful when it comes to purchasing goods and services. In fact, if you don’t own enough liquid assets, you might have to sell your real assets at very low rates. On the other hand, high liquidity carries a very large counterparty risk. Thus, if you want to reduce your risk and maintain an ideal liquidity level, you need to make sure that your balance sheet is properly diversified.

Balance sheet optimization is the process of remodeling your balance sheet if and when your financial situation changes. Our expert financial planners can analyze your balance sheet in depth and measure how much you own in debt (credit cards, mortgages, and loans), financial assets (bonds, cash, and equities) and real assets (collectibles, commodities, and properties). We will adjust your balance sheet in a manner that you have adequate liquidity to pay for any goods and services that you may need.

Best financial planner near me

Retirement Income Planning

Retirement income planning is the process of identifying your retirement income targets and the steps and actions needed to reach those targets. It includes estimating expenses, approximating the required post-tax returns, identifying risk tolerance, determining time horizons, and carrying out estate planning.

Note that retirement income planning begins long before you retire. However, there is no one-size-fits-all approach that can be used for all wealthy individuals. For instance, you may want to spend your retirement in your country estate whereas other high net worth individuals may want to explore the world after they retire.

At Pillar Wealth Management, we create the best retirement income plan for you which takes into account your expenses, savings, values, health etc. Our holistic retirement income plan ensures that all your core expenses are provided for and allows room for growth to meet your legacy goals and long-term needs. Lastly, our retirement income plans are quite flexible so that you can adjust your plan as needed over time. Don’t forget to read our handy guide where we discuss the critical shifts needed to maximize portfolio growth strategies.

Wealth Transfer

Many high net worth and ultra-high net worth individuals choose to handover a certain part of their wealth and assets to their children or a charity fund once they become old. Theoretically, this procedure seems simple and easy. However, the reality is that transferring wealth to your beneficiaries is extremely challenging. In fact, families who try to take on this task on their own encounter multiple problems such as exorbitant tax bills. In our recent book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 Million to $500 Million, we analyze the complications associated with wealth transfer.

Our team of financial planners incorporate wealth transfer in the list of services we offer. We combine various instruments such as estate planning, life insurance, trusts, and wills to streamline this process and ensure that it is smoothly executed. At Pillar Wealth Management, we have assisted affluent individuals with wealth transfer for over 30 years by creating comprehensive transference strategies. This way, your wealth reaches the right people or organization in a manner that reduces tax as much as possible.

Risk Management

Risks are an inevitable part of investments. Hence, wherever you invest your wealth, you are taking a certain level of risk. While some investments such as US Treasury bills carry negligible risk, other investments such as cryptocurrencies, real-estate securities, and hedge funds carry a very high risk.

Pillar Wealth Management’s risk management services will help you invest in a manner that maximizes your returns and minimizes your risks. Our experts will recognize, analyze, and minimize risks that can originate from multiple factors such as market volatility, changes in foreign exchange rate, inflation, etc. Read our detailed guide Improving Portfolio Performance to learn how you can maximize your investment performance while managing risk at a level appropriate to your goals.

Tax Planning

Making gains on investments sounds exciting, but it does come with a major downside – hefty taxes. These taxes can cost you a fair share of your wealth.

But on the flip side, you can avail the tax planning services offered by experienced financial planners to effectively cut down on your tax bills. Tax planning encompasses devising and implementing various techniques to minimize your tax obligation.

Our financial planners will scrutinize the timing and size of your purchases, your income etc. to formulate a tax-efficient plan for you. Plus, if you use our tax planning services, you won’t have to worry about missing any tax payments that can potentially land you in prison.

Is It Worth It to Hire A Financial Planner?

Now that you have a detailed idea of who a financial planner is and the services they provide, you probably are thinking, “Is it worth it to hire a financial planner?” You can get all the services and benefits highlighted above from multiple professionals throughout the industry.

While we don’t oppose this argument, we want to inform you that at Pillar Wealth Management, we have experience, expertise, qualifications, and skilled needed to help you in various financial matters. Our financial planners acknowledge that every client is different and thus, we will always customize our plans and strategies to suit your individual needs. So, if you’re ready to hold a detailed discussion with us about your financial goals, get in touch with us for a free consultation.

How Do I Choose A Financial Planner?

There are several financial planners working in the industry. However, you need to ensure that you opt for one that can meet your needs in the best possible manner. So, if you’re thinking, “how do I choose a financial planner?” simply follow these steps to identify and choose the best financial advisor for yourself.

Step 1 – Get Referrals from Friends or Google

If you’re looking for a financial planner, you can definitely search the internet or pull out the phone book. However, a good course of action is to start by getting recommendations from your colleagues, families, and friends. Ask people who are high net worth or ultra-high net worth individuals about which financial planners they use. Note down a couple of names and then look them up on Google.

Step 2 – Vet the Financial Planner’s Background

Once you start researching financial planners for your needs, pay special attention to the qualifications they have and the services they provide. Some financial planners will be listed on databases such as the National Association of Personal Financial Advisors (NAFPA), the CFP website, or the Financial Planning Standards Board (FPSB) website.

Alternatively, you can search your shortlisted financial planners on LinkedIn and check their work experience, educational qualifications, and the recommendations they have received. Any blogs or articles that a financial planner has authored for popular websites also adds to their credibility. Plus, if the financial planner mentions any memberships they hold, make sure you ask for their registration number and check if it’s valid.

Step 3 – Hold a Meeting

After you’ve evaluated the credibility of a financial planner, you should try and schedule a one-on-one meeting with them. This will help you gauge their personality and decide if this is someone you can trust with your wealth and finances. In this meeting, you can also judge if the financial planner is knowledgeable and genuine.

In your meeting, you should even ask a few questions related to financial planning and see if you’re comfortable with the responses. Some of these questions can be

-What type of clients do you usually work with?

-What is your approach to financial planning?

-What are the financial planning services do you provide?

-How frequently can we meet?

-How do you make money?

You can find a complete list of questions to ask a financial planner in our guide for investors with $10 million or more.

What to Look for In the Best Financial Planner Near Me

In this section, we’ll explore the factors that need to be present in the best financial planner. We have also talked about the key characteristics of the best financial planner in our detailed guide here.


When anyone asks us “what to look for in a financial planner?” our top answer is always the same: extensive experience of working with high net worth and ultra-high net worth individuals. Financial planning is a field that requires experience to completely understand it. In fact, a financial planner’s experience helps them to comprehend what clients really need and why cookie-cutter techniques and standardized plans rarely work for wealthy individuals.

At Pillar Wealth Management, our financial planners have a combined experience of more than six decades. We can help you make smart financial decisions so that you can meet your financial goals in the most optimal way. You can discuss your financial situations and goals with our experienced financial planners by scheduling a free consultation through our website.

Fiduciary Services

When researching a financial planner, always check if they’re a fiduciary. Fiduciary financial planners are licensed by the SEC to always operate in your best interests and to take decisions without any external influence. Moreover, financial planners have a legal obligation to eliminate any conflicts of interests.

At Pillar Wealth Management, we are proud of the fiduciary financial planning services that we deliver to our clients. With our experienced fiduciary financial planner, you can be assured that your wealth will be in safe hands.

Last Few Words

Our financial planners’ services are significantly different from those provided by the massive Wall Street companies, who are more committed to satisfying their shareholders rather than building their client’s legacy.

We offer personalized financial planning services to help you optimally reach your financial goals. To speak to the financial planners at Pillar Wealth Management, visit our website and schedule a meeting with us.

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