Philadelphia Financial Planner For Investors – PillarWM

Planning for the future can be challenging for just about anyone. However, the stakes are far higher for wealthy investors who have more on the line. If you have between $5 million and $500 million in liquid investment assets, you should seek out a Philadelphia financial planner. At Pillar Wealth Management, we offer premier financial planning services for wealthy investors. You can learn about some of the investment strategies we use in our guide for investors with $10 million or more.

The Importance of Financial Planning

You may be wondering how financial planner can help you. Financial planning is important for anyone who wishes to maintain control of their finances and meet their long-term goals. A financial plan can help you in various ways. Please speak with our wealth managers to learn about the importance of financial planning.

Philadelphia Financial Planner

Some reasons to use financial planning include:

Understanding Your Finances Better

Financial planning typically involves analyzing your finances charting out a plan to meet a particular goal. This analysis phase can help you understand your finances better and inform you about where you stand.

This may seem trivial to many investors. However, you may be shocked to learn about the true state of your finances, especially if you own multiple assets spread across various markets.

A comprehensive analysis will help you understand your income sources, expenditures, and savings. Each of these plays a vital role in determining where your finances will be heading in the future.

Protecting Your Wealth

Wealthy investors have far more on the line compared to individuals with an average net worth. Their wealth is often tied up in different investments. However, they may lose a significant portion of their wealth if they aren’t careful.

Unexpected market crashes or volatility could leave you with far less wealth than before, which may force you to downgrade your lifestyle. We discuss the importance of wealth protection for investors in our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.

Proper financial planning can help you protect your wealth in the future and safeguard your financial lifestyle.

Achieving Your Goals

All investors have some financial goals they wish to achieve in the future. This could be retiring with $20 million in your account or making it big by investing in an emerging industry. You can learn about some investment strategies in our special portfolio expansion guide.

It may be possible to achieve these goals without any prior planning, but there will be a greater risk of things going awry. Financial planning gets you on the right path towards meeting your goals and helps you keep track of where you need to be.

How a Philadelphia Financial Planner Can Help

If you need assistance with creating a financial plan or charting out your financial strategy for the future, a financial planner would be the right person for the job. These financial professionals have a good understanding of the ins and outs of planning and can help you each step of the way.

A qualified financial planner will take the time to hear your various needs and concerns before studying your finances. They will then start charting out a plan to help you meet your goals.

In addition to this, a financial planner can also offer advice to help you stay on track with meeting your goals. Every investor encounters unexpected challenges at some point. These hurdles can throw you off track and leave you feeling as though you can never achieve the things you initially set out to do. A financial planner can help you readjust the course and continue on your path to success. Please speak with our wealth managers to learn how they can help you with financial planning.

What Makes a Great Financial Plan?

You may be wondering, “what makes a great financial plan?”. Some qualities that all great financial plans possess include:

Customization

A great financial plan is one that is well suited for you. This plan will be created from the ground up after developing a concrete understanding of your finances. However, this also means that a financial plan that works for you may not be suitable for another person.

A great financial plan should also be easy to adjust if your situation or priorities change. If your financial plan isn’t going as expected, you should be able to readjust or customize the plan to help you meet your eventual goal.

Simplicity

The best plans are always the simplest ones. However, that doesn’t mean the strategy outlined in your plan needs to be basic. Plenty of investors execute advanced investment strategies by following financial plans that have been specifically tailored to be easy to understand. You can learn about some of our portfolio performance improvement strategies in our special guide.

Attainable Goals

Financial plans are usually created for the purpose of achieving a particular goal. However, it is important for this goal also to be achievable. Many investors reach for the stars when planning for the future. However, setting unattainable goals can backfire if you believe you will never achieve them. This can de-motivate you and cause you to lose focus of your financial journey.

It would help if you strived to include concrete goals in your financial plans before setting up a strategy to achieve them.

How to Find a Financial Planner

If you would like to start financial planning as soon as possible, you should get in touch with a suitable financial planner. There may be numerous financial planners who offer services in your area, so it is best to assess each one before picking the right professional.

Some ways to find a financial planner include:

Online Listings and Directories

Many financial planners work for agencies or consultant groups. You can look up these professionals through a simple online search.

Alternatively, you can look for independent financial planners who aren’t affiliated with any organizations. A quick search on Google or Bing can help you discover numerous independent financial planners who offer services in your area.

Read Reviews 

Once you have created a list of eight to ten financial planners, you should look up reviews for each one. These reviews should offer some insight into their reliability.

It will help if you check reviews left by past clients with a similar financial background to your own. You should pay special attention to any complaints regarding the planner’s knowledge, breadth of services, and reachability.

Set Up a Meeting

Once you are down to your final three candidates, you should try speaking with each one individually. While you can learn a bit about a financial planner by visiting their website and reading reviews, the best way to assess their suitability is by speaking with them directly. You should try setting up an in-person meeting or a phone call with them as soon as you can. Wealthy investors can speak with our wealth managers by setting up a free appointment.

During your meeting with the planner, you should inform them about your financial background and your goals for the future. It would help if you then asked them how they can offer assistance with planning. Additionally, it would help if you asked them some of the questions we include in our guide to selecting a financial advisor.

It is important to see how the planner responds to each of your questions. Their answers should be direct and concise rather than vague and generalized. After all, financial planning is a personal process that rarely works using a one-size-fits-all approach.

Philadelphia Financial Planner

Is It Possible to Get a Financial Planner for Free?

If you are set on hiring a financial planner, you may wonder, “Where can I get a financial planner for free?”. While it is possible to find financial planning guides online for free, you may not be able to find an actual financial planner for free.

These professionals often charge their clients a flat fee for creating financial plans, while others may charge an hourly rate for their services. You should remember to always ask a financial planner about their fees prior to using their services.

Can a Wealth Manager Create Financial Plans?

You may have encountered the term “wealth manager” while searching for financial planners in your area. If you were wondering, “what does wealth management at Philadelphia do?” the answer is many things.

Some ways in a wealth manager differ from a financial planner include:

List of Services

Wealth managers can offer to create financial plans for you. However, their expertise extends to a wide range of areas. This enables them to offer you a wide variety of services, including:

• Asset management

• Risk analysis

• Estate planning

• Retirement planning

• Tax planning

This also means you can use any of these services before, during, and after the financial planning process. Services such as risk analysis are especially useful because they help you identify any future risks or challenges that could jeopardize your finances. This allows you to plan for such risks beforehand and incorporate them into your financial plan. You can learn about identifying investment risks in our guide for investors with $10 million or more.

Client Net Worth

If you are a wealthy investor with a high net worth or even an ultra-high net worth, a wealth manager would be well suited for you. These professionals offer services exclusively for wealthy individuals and understand the special goals they pursue. This is in contrast to ordinary financial planners who offer services to all types of clients.

A wealth manager will be more experienced with helping individuals similar to you and can offer suitable financial plans to help you get to where you need to be.

Fee Structure

As mentioned earlier, financial planners typically charge their clients a flat fee or an hourly rate for their services. On the other hand, wealth managers ask for a fixed annual fee based on their client’s asset value.

A wealth manager’s fee structure is advantageous because it encourages clients to reach out and use their services as needed. You can use a wealth manager’s services frequently without worrying about paying extra or incurring hidden charges.

Why Choose Pillar Wealth Management?

If you prefer using a wealth manager to help you with financial planning, you can’t go wrong by choosing Pillar Wealth Management. Our wealth managers have an impressive six decades of wealth management experience and can create personalized financial plans to help you meet your various needs.

Wealthy investors across Philadelphia choose our services for our wealth managers’ expertise and reliability. Start your financial planning journey by contacting us for a free appointment.

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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