Investment Managers — Answers to 3 essential questions

Want to generate greater investment returns and optimize portfolio performance? If you have investable liquid wealth worth more than $10 million, working with a professional with in-depth knowledge of high net worth investment management may be the best bet for you. Investment managers use intelligent strategies to help investors achieve their long-term financial goals and live the lifestyle of their dreams. It’s not uncommon for the wealthy to get confused when looking for the right expert, considering the countless options out there. If you’re serious about working with the best professional for successful investment management, make sure you go through our exclusive guide on what to look for in an expert thoroughly.

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That being said, Pillar Wealth Management is a reputable firm that has helped several high net worth and ultra high net worth individuals find true financial serenity. We work with clients who possess $5 to $500 million in liquid assets and devise a solid action plan custom-tailored to their goals and values to help them grow their wealth with little to no risks involved. If you’re interested in knowing how our experts do that, feel free to give us a call today!

Before we highlight the benefits of working with investment managers, let’s discuss what investment management really is.

Table of Contents
What is Investment Management? What Does An Investment Manager Do? Is It Worth Hiring An Investment Manager? The Cost of Investment Management Services for High Net Worth Individuals Tips for Choosing an Investment Manager Get Expert Advice from Unbiased Investment Managers at Pillar Wealth Management

1. What is Investment Management?

Investment management refers to a systematic process of building a portfolio of stocks, bonds, and other investment products while keeping your financial situation, needs, and long-term goals in mind. Apart from the buying and selling of financial assets and investments, it involves managing and optimizing their performance.

For effective investment management, you need to devise short and long-term strategies to ensure you acquire and dispose of your portfolio holdings at the right time. Based on your unique investment objectives, you must aim to maximize your returns while reducing your costs and risks.

Hiring investment managers is a common practice among the wealthy. More often than not, the financial situation, challenges, and risks faced by high net worth and ultra high net worth individuals are more complicated than the obstacles encountered by an average American. Successful investment managers think proactively and make smart decisions without letting their emotions cloud their judgment. For affluent individuals, this may bring a lot of pressure, especially because they usually already have so much on their plates. Hence, hiring an expert to do the job seems like a wise thing to do.

2. What Do Investment Managers Do?

The services offered by investment managers may include asset allocation, monitoring of investments, stock selection, and portfolio strategy. They may also provide financial planning and advisory services to affluent clients.

Typically, professional investment managers deal with a wide range of financial assets and securities, including stocks, bonds, real estate, equities, and commodities. Investment managers aim to align your investments to your retirement and estate planning goals while staying on top of asset allocation. When you have a considerable amount of wealth under your belt, it often gets challenging to efficiently manage your investments. Besides, if you spend so much of your time and energy managing your investments, you won’t be able to enjoy life as much as you want to.

This is where investment managers come in. Their job is to provide you with the support and guidance you need to spread your wealth across investments and asset classes. Moreover, they know how to maintain the right balance between financial risk and security, which is essential for portfolio optimization. To delve deeper into high net worth portfolio optimization, access our exclusive guide here.

Want an expert to manage your investment portfolio on behalf of you? Start a conversation with our team now!

3. Is It Worth Hiring an Investment Manager?

The answer is simple. If the idea of having a knowledgeable and skilled partner to help you navigate complex financial situations and save you the time and hassle of managing your portfolio sounds convincing, then yes. Working with an experienced investment manager can make your life so much easier.

Hiring an investment manager means you get a partner who will manage your investments based on your goals and cash needs, answer questions, address concerns as they come up, and provide comprehensive financial planning. What’s best is that these professionals are up to date with the market trends and conditions, so you don’t have to worry about monitoring the market.

The best investment managers stake their pride on streamlining their clients’ financial life by using industry-best strategies. They understand that chasing performance exposes your portfolio to unnecessary risks, compromising your long-term financial security. Therefore, they may help you opt for solutions that promise greater returns in the long run. In addition to this, all affluent individuals must embrace five additional shifts to achieve their desired financial serenity. Read about these essential shifts in our beginner’s guide here.

Essentially, investment managers strive to protect your assets and preserve your wealth so that you can spend the rest of your life the way you want with maximum peace of mind. Our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million will help you understand the importance of implementing the right investment strategies for achieving a financially secure future.

Below are the top reasons for hiring an investment management expert.

• You tend to look fora second opinion or aren’t comfortable making critical financial decisions on your own

• You have a complicated financial situation and are dealing with issues, such as retirement income planning, tax strategies, estate planning, or legacy planning

• You want a qualified and experienced professional to keep tabs on and optimize your portfolio

• You want someone to help you rebalance your portfolio when market conditions change and the original strategy needs modifications

• You need unbiased advice regarding your financial needs, including cash flow management and debt planning in addition to portfolio management

• You need advice and guidance after a significant life event, such as a major change in income or retirement

Simply put, investment managers put the hard work on auto-pilot for affluent clients and put them on the fast track to achieving their financial goals.

The Cost of Investment Management Services for High Net Worth Individuals

Wondering how investment managers make money?

First off, you must understand that there’s a difference between the money earned by fiduciary experts and the amount charged by non-fiduciary managers. The former charge an annual fee sans any hidden costs. This fee is usually a percentage of the value of your wealth that the expert manages. On the contrary, non-fiduciary experts generally use compensation methods that create conflicts of interest. These include commissions, product-based compensation, margin interests, and performance-based fee.

Needless to say, you must work with a fiduciary investment manager who is committed to minimize your costs and grow your wealth. These experts offer unbiased advice and help you with tax-loss cultivation and managing active and passive management fees.

At Pillar Wealth Management, we have a team of fiduciary investment management experts who are dedicated to helping you optimize portfolio performance while eliminating unnecessary risks and costs. We offer a transparent cost structure that doesn’t involve any hidden fees. For more information on how our experts earn money, feel free to contact us.

Tips for Choosing an Investment Manager

As an affluent individual, you should look for the following characteristics when interviewing investment managers.

Consider Their Experience

First and foremost, you need to make sure that an investment management expert has a successful track record of helping high net worth and ultra high net worth individuals manage their portfolio. As discussed earlier, the financial situation, needs, and goals of the affluent don’t match with an average American. You must partner with an expert who understands the intricacies of high net worth investment.

Ask about Their Qualifications and Skills

An investment manager must possess an exceptional ability to understand your complicated situation and goals, and center your investment management plan and financial activities around them. A great way to determine their level of skills is by reading client testimonials and reviews. If an expert has several satisfied clients, they may be in the best position to help you with your investment goals.

Inquire about Their Approach

During the initial consultation, don’t forget to ask a professional how they plan on creating an asset allocation based on your investment objectives. Try to understand their approach towards risk minimization. Make sure they won’t risk your financial security for the sake of temporary, short-term gains, especially if you’re close to retirement.

See if There’s a Margin of a Conflict of Interest

Before choosing an investment manager, confirm that they have a fiduciary duty to their clients. Fiduciary experts aim to set the highest quality of services and moral standards. You can rest assured that every piece of advice and suggestion coming from them will be in your best interest.

Determine Their Ability to Make Sound Decisions

One of the primary reasons you reach out to an investment manager is that you don’t want your financial decisions to be influenced by your emotions. With this in mind, look for an expert who can work objectively and make smart, well-informed decisions to take your investment management game to the next level.

It is best to consult with multiple investment managers before choosing one. If you want more tips on selecting the ideal investment manager for your individual needs, our guide here is a must-read for you!

Get Expert Advice from Unbiased Investment Managers at Pillar Wealth Management

Working with highly knowledgeable and experienced investment managers can help you allocate your assets smartly, generate higher returns, and upgrade your lifestyle. With their assistance, you will be able to create tangible financial goals and be on the right path to actually achieve them. To overcome obstacles and deal with complexities and risks in the high net worth investment world, affluent individuals seek the expertise of professional managers to meet their goals and maintain their desired lifestyle.

If you have accumulated $5 million to $5 million, you should consider working with Pillar Wealth Management. Our investment management experts have over thirty years of experience working with affluent clients. Using intelligent strategies and well-thought-out action plans, we help our clients preserve and grow their wealth and achieve long-term financial security. With us, you don’t have to worry about one-size-fits-all solutions and conflicts of interest. We understand that each client walks through our doors with a unique financial situation, needs, goals, and preferences. That’s why we offer 100% customized services and advice.

Can’t wait to partner with an investment manager to enhance the performance of your investment portfolio and make the most of available investment opportunities? We can’t wait to work with you either! Get in touch with our team today to schedule a free, no-strings-attached consultation.

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.