Best Investment Firm – Do You Really Need One?

High-net-worth individuals may have $5 million to $500 million in liquid assets, but they certainly don’t have it easy in any way. Their wealth is often spread across a range of assets, from stocks, bonds, real estate, and other securities and personal investments. Managing all this wealth on their own is not only stressful but can also seem impossible at times. Therefore, such individuals and families need to partner with the best investment firm. These investment firms with their experienced financial advisors can help manage your investments more efficiently, allowing you to reap high returns while also minimizing risks and costs. For investors worth $10 million or more, we suggest going through this exclusive guide on the best financial advisors to learn how they can make a difference in your investment plans and overall financial success.

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At Pillar Wealth Management, our expert wealth managers and advisors exclusively cater to high-net-worth investors and families with $5 million to $500 million in liquid assets. We help our clients develop customized portfolios that are specifically catering to their unique financial circumstances, their short and long-term goals and other objectives in life. Furthermore, we are constantly monitoring and rebalancing our clients’ portfolios to control any high costs, tax implications and risks. If you are a high or ultra-high-net-worth individual looking for investment services, connect with Pillar Wealth Management today.

In this blog, we’ll be going over what an investment firm is, do you really need one and at what point you should start working with one. Let’s dive right in.

Table of Contents
What is an Investment Firm? Do You Need an Investment Firm? At What Point Should You Get an Investment Firm? Choosing the Best Investment Firm Wrapping Up

What is an Investment Firm?

It might seem as if an investment firm is basically just a firm involved in the buying and selling of different products and securities on your behalf. However, in reality, their work goes much beyond that.

Before they even get to invest your money, they are involved in understanding your goals and targets and establishing why you want to invest your wealth in the first place. They carry out all the necessary research and due diligence so that you don’t face any complications later on.

They consider all your short-term goals as well as all your long-term goals and even any goals you might have for your children. Furthermore, they handle your tangible and intangible assets as well for holistic investment and portfolio management.

Do You Need an Investment Firm?

So, you managed to accumulate $5 million to $500 million in liquid assets on your own or through your own investment strategies. Now, you might think that you can continue to grow your assets the same way, using the same strategies.

However, this can be a big mistake. There’s no guarantee that those strategies will continue to work for you as your financial situation changes or as the market evolves. Additionally, the more wealth you collect, the harder it gets to invest it more efficiently.

That’s why, regardless of anything else, you need an investment firm now.As a high-net-worth individual, you can’t continue to put your assets at risk and manage your investments on your own. Here are some more vital reasons why you need to hire the best investment firm right away.

Investment Firms Carry More Experience and Expertise

One of the primary reasons why you should be working with an investment firm is that they carry much more experience and expertise. As a high-net-worth individual, you must only have experience of managing your own wealth and a fixed number of assets within a certain time period and normal market conditions.

However, investment firms deal with numerous clients, all with different financial circumstances, with different portfolios, and different objectives. They have gone through different market conditions and know how to help clients navigate through them.

While you might be involved in various other activities as well, investment firms are primarily focused on investment and portfolio management only. This equips them with much more knowledge and expertise in the area.

Discover how they utilize this knowledge and expertise for your financial success from our book, The Art of Protecting Ultra-High-Net-Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million.

Investment Advisors Offer Fiduciary Services

Certain advisors at investment firms offer fiduciary financial services. Usually called registered investment advisors (RIAs), these advisors follow a strict standard of care where they must prioritize your best interests above their own.

Even if a certain financial decision is potentially risky for them but contributes to your best interests, they must consider it. Similarly, they can have no conflicts of interest, and even if they do, they must disclose it immediately.

This kind of transparent relationship will allow you to trust your advisor and move forward with your investment plans more confidently.Set up a free chat with our fiduciary financial advisors to learn why fiduciary services are so vital.

Investment Firms Offer a Range of Investment Services

Depending on the type of investment firm you choose, you will be able to avail a number of different investment services. For instance, if you go to a brokerage house, the broker might only help you execute your investments while not really offering much advice.

However, when you’ve got the best investment firm, they will help you from the stock selection to the portfolio diversification to the asset allocation. The firm will tell you about the options available as well as which are the best ones to help meet your objectives and goals.

They will help with rebalancing your portfolio as well as choosing the ideal balance between active and passive management.Chat with Pillar Wealth Management to learn about the full range of our investment and portfolio management services.

You Will Have a Dedicated Investment Advisor

Rather than managing everything yourself and relying on Google to help answer your questions, working with the best investment firm gets you a dedicated investment advisor.

This advisor will be overlooking your entire investment portfolio, and they will always be on top of everything that’s happening in your portfolio. Any time you have any questions about your investments, or there’s been a change in your goals, you can contact your advisor and sort out your queries right away.

Investment Firms Offer Customized Investment Plans

One of the biggest reasons why you need to hire an investment firm is that they offer customized investment plans. Some big financial institutions and private banks tend to offer a cookie-cutter experience by recommending you a fixed investment plan that they offer to every other client.

However, such plans which have no connection to any substantial goals in your life are pretty much meaningless. They are based on trivial factors such as how much your risk tolerance is or how much growth you are expecting.

All this means nothing if it is not tied to actual goals and aspirations in your life. That’s why investment firms take some time first to understand your goals and needs in life. For them, your investment strategy is a means to an end.

Based on your needs, then they develop customized investment plans that best cater to your short as well as long-term objectives and financial targets. We suggest reading our guide on how to improve your portfolio performance through customized plans and why these are so important for your financial success.

Investment Firms Adjust Your Investment Strategy

Besides devising an excellent investment plan and portfolio strategy, investment firms will also help rebalance and adjust it when necessary. As your taxes increase, as you near retirement, as you face unexpected situations in life, you will have to adjust your investment strategy accordingly to save yourself from any major losses while also continuing to grow your assets.

Investment firms will be a great help in this regard as you will not always have time to keep a close eye on the progress and performance of all your investments.

Investment Firms Will Protect as well as Grow Your Wealth

Last but not least, investment firms will help you protect and retain your assets while growing them as well. On your own, you might be only focusing on aggressively investing your wealth for high returns.

What you won’t be focusing on is the tax ramifications or other risks associated with your investment strategies. Sure, you might be able to achieve high returns on your investments, but what will be the use of them if you have to pay 30 or 40% taxes on them? What use is your portfolio if a sudden market crash or inflation in the economy has your assets losing value?

Investment firms are aware of all these possibilities and make sure to take the right steps beforehand to protect your assets from any risks and minimize other expenses and costs to retain the maximum amount of your wealth.Check out our handy guide on portfolio growth strategies to learn about some of the ways a financial advisor can help manage your costs and taxes.

At What Point Should You Get an Investment Firm?

If you are an ultra-high-net-worth individual with $5 million to $500 million in liquid assets, you need to start working with the best investment firm right away. People who have less than $1 million can also benefit by working with an investment firm and, as a result, attain the status of a high or ultra-high-net-worth individual much quicker.

However, for high-net-worth individuals and families specifically, they could be risking their assets every day that they try to manage them on their own. Therefore, if you are such an affluent individual, you need to get in touch with an investment firm right away. You can also read through our handy guide on the best financial advisor to learn how important they are for high-net-worth investors with $10 million or more in liquid assets.

Choosing the Best Investment Firm

Now that we’ve established that you definitely need the best investment firm and that too, right away, here comes the hard part: choosing the best investment firm. Simply searching for the best investment firm online won’t be enough. You will have to carefully evaluate each firm on a number of factors and then choose the one that is best for you. Some of the things you need to check include:

• Their credentials, licenses, and whether they are fiduciaries through a background check.

• Their experience in offering investment management services as well as in working with affluent clients.

• Their fee structure, compensation or how they charge for their services.

You can also learn how to choose the right advisor for yourself using our excellent guide on finding the best financial advisors.

Wrapping Up

For high-net-worth individuals, a sound investment plan is extremely crucial. This is because their investment strategy is linked with various other aspects of their wealth and their short and long-term goals. Whether it’s buying another car, saving for retirement, leaving your wealth for your heirs, starting charities, or anything else. It all depends on a successful investment plan. That’s why these wealthy individuals need the best investment firm to make it all happen.

Pillar Wealth Management has been helping high-net-worth investors with their investment management and portfolio growth for more than six decades altogether. We deal exclusively with affluent investors worth $5 million to $500 million in liquid assets and, as a result, are familiar with the kind of investment challenges such people face. Our advisors and wealth managers are always trying to come up with strategic and personalized financial solutions so that our clients can fulfill all their objectives in life. Plan a free meeting with our advisors today to discuss your investment needs.

Authors

Hutch Ashoo

Chris Snyder

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.