Biggest Investment Firms: Are They Worth It? PillarWM

At Pillar Wealth Management, our competent financial advisors exclusively offer financial services to families and investors with $5 million to $500 million worth of liquid assets. We assist our clients in creating tailored investment portfolios that mainly cater to their unique financial circumstances, long and short-term goals, and other personal objectives. Moreover, we continuously track and rebalance our client’s portfolios to control any risks, tax implications, and costs. If you are a high net worth or an ultra-high net worth individual requiring investment-related services, get in touch with our team today!

Table of Contents
What Do the Biggest Investment Firms Do? Is It Worth Hiring Investment Firms?        When Should You Use an Investment Firm? How Do I Hire Investment Firms? Hire Pillar Wealth Management for Investment Services

What Do the Biggest Investment Firms Do?

You might have spent plenty of years handling your investments on your own. However, each investor reaches a point where they need help on some investment-related issue. This is where the biggest investment firms come in.

The professionals at an investment firm specialize in providing advice related to purchasing and selling securities. They review market trends and offer their clients the best investment choices to help them attain their investment targets.

Investment managers generally have a fiduciary duty to prioritize their client’s financial interests instead of their own. This means they are highly suited to assist affluent investors in managing their investments.

Is It Worth Hiring Investment Firms?       

Hiring an investment firm isn’t just worth it, but actually quite imperative in sustaining and growing your wealth. When you have millions worth of assets, you might think that you will never run out of money and you don’t need any more to spend the rest of your life.

However, the truth is that several factors can impact your net worth, leaving you in financial stress by the time you retire. For instance, there’s the time value of money. Those millions won’t be worth much four or five decades from now as the value of money depreciates, leaving you with significantly less money to live on.

In addition, life is extremely uncertain, and you could find yourself in the middle of a lawsuit, divorce, or even a chronic illness. Any of these situations can consume a significant percentage of your wealth. Similarly, there are several other things, such as market volatility, inflation, taxes, etc., that can impact your net worth. Schedule a meeting with one of our financial experts to find out what else can impact your net worth.

A wise investment plan is the only way to secure yourself from such situations and ensure that you are able to accomplish your financial goals. Apart from that, working with an investment firm also allows you to enjoy plenty of benefits and perks, such as the ones discussed below.

1. Learn About New Investment Opportunities

As an affluent investor, you might wish to diversify your investment portfolio by investing in new places. You can invest more in your existing assets, or you can invest in something completely new. The latter comes with high risks and also high returns. Investing blindly in a new market can be devasting if you aren’t careful.

Fortunately, an investment firm can guide you about how to invest in new investment opportunities. These experts spend a lot of time analyzing various financial markets and studying their trends. This makes them highly suited to provide investment recommendations. The best investment firm can help you pick investments to expand your portfolio safely. You can read our guide here and get more information regarding portfolio growth strategies.

2. Analyze Portfolio Risks

All investments are susceptible to a certain degree of risk. However, a lot of these risks can be pretty tricky for you to identify. An investment firm can study your portfolio in detail and spot the various risks present. They can then recommend particular strategies to mitigate such risks.

The investment firm can also use the information from their analysis to suggest new assets you might be interested in. This will help you build an investment portfolio that allows you to bring all your financial dreams to life. You can read our guide, Improving Portfolio Performance, and get more information about how you can enhance your portfolio performance.

3. Frees Up Your Time

As a high net worth or an ultra-high net worth individual, even if you possess the knowledge and skills to formulate suitable investment and portfolio strategies, you perhaps won’t have the time to manage all of it. You might be operating several businesses, looking after your estates, or simply enjoying time with your loved ones.

Thus, you won’t have time to manage your investments as they demand a lot of effort and attention. You need to continuously review their performance and make adjustments according to various external and internal factors. With investment firms, you can leave the entire job to them and spend your precious time on something you genuinely enjoy.

4. Optimally Allocate Your Assets

Asset allocation is an investment technique that aims to create the right balance between investment returns and risks. This is one of the crucial services provided by the biggest investment firms to enhance their client’s investment rewards.

Investment firms that are knowledgeable about high-value assets and who comprehend the objectives of affluent investors can help enhance your portfolio to achieve the highest level of returns. Asset allocation helps you stay on track with your financial goals and even helps secure your assets from market risks and volatility. Order a free copy of our hardcover book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 Million To $500 Million to learn more about the importance of asset allocation.

Having a professional from Pillar Wealth Management track your investment portfolio and apportion your assets after thorough consideration will help you preserve your wealth for the future without undermining your living standard. A well-planned investment portfolio will allow you to withstand any changes brought about by life circumstances such as lawsuits, accidents, unemployment, and even death. This way, you can stay in full control over your financial situation through every difficulty and obstacle.

When Should You Use an Investment Firm?

In this section, we will discuss when should you use an investment firm. Private investment firms have the knowledge, experience, and skills to provide a range of investment advisory services to high net worth and ultra-high net worth individuals such as yourself.

Here is a list of situations that require you to use the services of an investment firm.

1. Your Tax Bills Are Skyrocketing

One of the downsides of making profits on investments is the tax payments that come with it. All the stocks you invested in might have brought you amazing profits during the year, but they may also have contributed to a huge tax bill. Since taxes are a never-ending part of life, a comprehensive and well-devised tax strategy can help you save hundreds, or thousands, of dollars.

An investment company can assist you with the process of tax management. Bear in mind that all your investment choices directly impact your tax bills. They will meticulously analyze each aspect of your investment decision, including how it will impact your tax bill. Consequently, they might move your investments across various assets that reduce your tax obligation.

These firms can even use tax-loss harvesting strategies to optimizes your taxes. If you have invested $5 million to $500 million and are looking for ways to reduce your tax burden, make sure to request a free copy of our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.

2. You Wish to Spend A Comfortable Retirement

As a high net worth or an ultra-high net investor, you might have dream of a retirement where you live comfortably without worrying about running out of money. If you have a high net worth at the time of retirement, you probably don’t have to worry about running out of money. However, you might need to tone down your spending habits as you will longer have an active income source.

Investment firms can set you up for a comfortable and stress-free retirement by suggesting assets that provide a steady income stream even after you retire. You can use this income to maintain your lavish lifestyle.

3. You Are Going Through A Significant Change in Life

Your objectives are extremely important when it comes to your investment portfolio and strategies. Hence, it makes sense that as your goals evolve, so should your portfolio, and this is something only the best investment organizations will do.

In fact, even if you are experiencing a major change in life, such as marriage, starting a family, divorce, contracting an illness, etc., or if the economy or market is shifting, you need to rebalance your investment portfolio.

This will secure you from any unanticipated losses and help to maximize your portfolio performance. Speak to the advisors at Pillar Wealth Management and find out why it’s necessary to rebalance your investment portfolio in accordance with any changes in your life situation.

How Do I Hire Investment Firms?

Investors who want to start using the services of an investment firm have numerous options available to them. Nevertheless, the tricky part is to find a company that can best meet your needs.

To help you out in this process, we have listed down some steps you can use to evaluate multiple investment firms and decide which one is best for your requirements.

1. Browse Through the Internet

Present-day investment firms are aware of the importance of being present online. They have websites highlighting the manager profiles and services offered. You can do a simple Google search to find organizations that provide investment management services in your city.

While searching, you should pay special attention to firms specializing in providing services to affluent individuals like yourself. This ensures that the managers comprehend your unique requirements and objectives as a high net worth investor.

2. Check for Reviews

You should also check reviews for investment firms that you shortlist. Ideally, these reviews should be on independent review websites instead of the organization’s website, as reviews on the organizations are likely to be cherry-picked or impartial.

If you cannot get reviews for the investment company, you should try to speak to the company’s previous clients. Ask them if they are satisfied with the company’s services and whether they were actually able to attain their investment goals.

3. Ask Questions from the Investment Manager

The final step should be to speak to an investment manager directly. Try to set up a one-on-one meeting in person or over video call to determine the manager’s expertise. Some questions that you can ask an investment advisor include –

• How much experience do you have?

• What investment approach do you use?

• What investment services do you provide?

• How often will we meet, and what will be our mode of communication?

Hire Pillar Wealth Management for Investment Services

At Pillar Wealth Management, our advisors have been assisting high net worth and ultra-high net investors in making the right investment decisions for over 60 years. We solely cater to wealthy individuals with $5 million to $500 million worth of liquid assets.

Our investment advisors are committed to offering strategic and tailored financial plans so that our clients can attain all their personal and financial goals. Book a free meeting with our team to talk about your investment requirements.

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