The Complete Guide to What We Do
Individuals with a high net worth or an ultra-high net worth should invest their wealth wisely if they wish to keep it secure. However, choosing the right places to invest and best the strategies to use can be a challenge. Investors with $5 million to $500 million in liquid investment assets can seek help from the top investment companies in their area, or they could use the services of a wealth management firm such as Pillar Wealth Management. If you have $10 million or more, you can learn about investment strategies with the help of our special guide.
Table of Contents
Strategies For Families Worth $25 Million To $500 Million
The Art of Protecting Ultra-High Net Worth Portfolios and Estates
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.
The Importance of Investing Wisely
Numerous individuals with a high net worth or ultra-high net worth have built up their wealth using specialized investment strategies. This is a skill that many develop through trial and error. However, people who are new to the investment world may struggle to find their footing. New investors should avoid the practice of investing blindly for many reasons. These include:
It’s not uncommon for wealthy individuals to make their foray into investments after observing the success of other individuals. Plenty of people have made spontaneous investment decisions based on the approaches used by mega investors such as Warren Buffet.
One common word of advice given to novice investors is to invest in companies or assets that they are familiar with. This may be viewed as a safe approach to investment. But market unpredictability remains a looming concern for even the safest investments.
Events such as 2008’s financial crisis and the Coronavirus pandemic have demonstrated just how fragile some otherwise resilient markets can be. The best way to minimize the financial fallout from such events is to invest in a variety of different markets. However, investing in markets you aren’t familiar with also carries its own risks. We discuss some of the challenges of protecting your investments in our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
Investing in Unfamiliar Markets
Investors are always seeking out assets that will offer them the greatest growth or returns. However, they may not be familiar with the ins and outs of these markets. The high rewards that certain market investments provide also carry high risks with them.
It is tempting to invest in up and coming companies, as they have the potential for high growth within a short period. However, choosing the right investments is always tricky.
We often hear stories of companies with humble beginnings that went on to become industry leaders. However, we rarely hear about all the smaller companies that reached for the stars but went bankrupt and quit. Get in touch with our wealth management experts for advice on investing in unfamiliar markets.
Jeopardizing Your Retirement Savings
Many of the big-name investors spend a significant portion of their wealth on investments. These individuals focus on their primary goal of growing their wealth and rarely have to worry about jeopardizing their retirement savings.
Other individuals who are just getting into the practice of investing may risk their retirement savings by investing blindly. Even wealthy investors are at risk of losing their savings due to a bad investment decision. To keep your savings secure for a comfortable retirement, it is essential that you invest in the right places.
How Investment Advice from a Professional Can Help
To get around the various pitfalls of investing blindly, you should seek investment advice from a professional. Plenty of high net worth as well as ultra-high net worth individuals look to investment companies or wealth management firms when they want to expand their portfolio. The reasons for this include:
In-Depth Knowledge of Markets
If you have built your wealth by starting your own business or by working in a high-paying profession for several years, you may have a limited understanding of markets and investment strategies. This is nothing to be ashamed about, as everyone has a limited amount of time they can devote to different wealth-building activities.
Investment companies and wealth management firms exist specifically to aid wealthy individuals who are in this position. Their professionals possess in-depth knowledge of markets and can use it to help you make the right investment decisions. Sign up for a free consultation to understand the breadth of our wealth managers’ investment knowledge.
Meeting Your Financial Goals
The advisors at investment companies and wealth management firms can study your portfolio and provide advice on how you can achieve your long-term and financial goals. This includes portfolio growth strategies, as discussed in our special guide.
You may have some ideas about the places you wish to invest in. However, your investment goals may not help you towards your other financial goals, such as growing your wealth or retiring early. In some cases, your investment decisions may make it more difficult to achieve these other goals.
A professional advisor can help you realign your investment goals so that you do not lose sight of your other ones. They can use their knowledge to formulate a strategy that saves you from compromising your other financial priorities. Learn how to choose the right financial advisor with the help of our special guide.
Improving Your Chances of Success
Investment companies generally profit through buying and selling shares on their client’s behalf. They may also deal with other assets such as bonds and property. These companies make a buck when you do, so it is in their best interest to choose investments that provide high returns.
This makes using an investment company a win-win for both parties. If an investment company has been around for many years, you can assume that they have had success with investing on their client’s behalf.
How to Choose an Investment Company
If you have decided to use an investment company to help grow your wealth, you may be confused regarding which one will be right for the job at hand. There are many investment companies scattered around the country. To narrow down the list of choices, you should follow the listed criteria.
List of Services
Investment companies often vary in the list of services they offer. Some investment companies will take care of all investment-related activities on your behalf and provide updates on your investment performance. Other companies exist to provide individuals with investment advice so that they can make investment decisions themselves. Your choice of investment company will depend on how hands-on you would like to be.
Experience is another critical factor when it comes to choosing an investment company. As mentioned earlier, these companies profit when their clients profit. This means companies that have let down their clients with poor investment decisions are likely to go out of business at some point. Through this, we can deduce that the companies that have been around the longest are likely to have a good success ratio.
Different investment companies cater to different sets of clients. Some may take on clients with any net worth, while others may choose individuals with a high net worth or an ultra-high net worth. For this reason, you should specifically seek out high net worth investment companies or a wealth management firm for the best investment advice.
High net worth individuals may gravitate towards certain types of investments, so it’s best to go with a company that is familiar with investing in such areas.
The best investment companies are the ones that can offer you personalized investment advice. These are the firms that take the time to understand your unique needs and goals and create an investment strategy accordingly. If you were wondering, “should I hire the largest investment companies?” you may be disappointed to learn that large companies rarely offer the level of personalization that smaller firms provide.
In fact, this is among the primary reasons why investors turn to wealth management firms such as Pillar Wealth Management for investment advice. Learn more about our investment management services by signing up for a free consultation.
What are the Top Investment Companies?
If you look up “what is the best-rated investment company” on Google, you might not find a clear answer anywhere. This is because each investor has their own definition of what makes an investment company great.
There is no best investment company for high net worth individuals, as each company possesses its own unique strengths. Three of the top companies, in our opinion, include:
Vanguard is among the largest investment companies around the globe. They have over $3 trillion in assets, which are managed across over 200 funds. They offer investment services for clients of different net worths. This includes individuals with over $5 million in assets.
They are known to offer excellent customer support and specialize in low-cost investing. However, they may not be the best option for high net worth investors.
Merrill Edge is an investment company backed by the Bank of America. They launched in 2010 and are popular among high net worth investors that wish to perform banking and investment activities under the same roof.
Bank of America customers may be eligible to participate in Merrill Edge’s rewards program, which offers exclusive discounts and higher interest rates on their savings accounts.
Pillar Wealth Management
We have included ourselves in this list because we believe high net worth and ultra-high net worth individuals deserve the highly personalized service that only we can provide.
At Pillar Wealth Management, we have 60+ years of experience with investment management. Our wealth managers are always reachable and can be consulted for any financial matter, no matter how small. We understand that each investment decision can impact your long-term financial goals and strive to help bring your investment goals into alignment with them.
If you have between $5 million and $500 million in liquid investment assets, you can benefit from our experience with clients of similar net worth. Read our guide for investors with $10 million or more to learn about our investment strategies.
Why Choose Pillar Wealth Management?
Individuals with a high net worth or an ultra-high net worth should turn to us for advice because of our investment expertise and the additional services we offer. We believe investments are a core component of any wealth-building strategy and that every individual deserves a chance to grow their wealth in a worry-free manner. Check out our guide for improving portfolio performance to learn more.
Our wealth management experts can take on as much involvement as you wish. From offering investment advice to managing your entire portfolio, we can take care of it all. Investors can rest easy, knowing that their portfolio is in safe hands. Sign up for a special free consultation at our website and get started with worry-free investing today.