JP Morgan Wealth Management: What to Know

High net worth and ultra-high net worth individuals, having accumulated significant amounts of wealth, are in an excellent position to grow their wealth even further. Many of them may already have strategies in place to expand their investment portfolios and secure their assets, while others may need assistance and guidance when planning for the future. It’s quite common for investors to reach out to firms such as Pillar Wealth Management or JP Morgan Wealth Management for help in these areas. If you own over $5 million or more in liquid assets, you should request our in-depth book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning, to learn about what wealth management includes.

STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION

 

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

 

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.

You can also sign up for a meeting with the skilled, experienced, and competent wealth advisors at Pillar Wealth Management — a private wealth management firm providing wealth management and other financial services to clients who possess liquid investable assets ranging from $5 million to $500 million. We aim to establish healthy and fruitful relationships with all our customers and develop tailored financial plans that best meet their requirements and needs. Moreover, we offer a vast range of financial advisory, investment management, wealth management, and financial planning services to a restricted number of families and individuals every year.

An Insight into Wealth Management

Wealth management is the consultative fulfillment of the financial needs and wants of individuals through specific products and services. Wealth management requires a team of highly skilled and experienced professionals, including an investment management advisor and a wealth manager.

Wealth management comprises a lot more than investment management. While investment management primarily involves choosing the funds, stocks, and bonds in which to invest, wealth management takes a more holistic approach. Contact us today for more information regarding the services we offer at Pillar Wealth Management.

Wealth management encompasses creating an investment portfolio according to one’s life goals and financial status, and retirement planning. Usually, the proposed investments extend beyond conventional vehicles and venture into the various options available in the alternative landscape.

What Does JP Morgan Wealth Management Do?

J.P. Morgan Wealth Management is a business of J.P. Morgan Chase & Co., which provides investment services and products through J.P. Morgan Securities LLC (J.P.MS) — a registered investment advisor and broker-dealer, member of SIPC and FINRA. Here are some of the services that J.P. Morgan Wealth Management offers.

1. Wealth Planning

Wealth Planning under J.P. Morgan encompasses four services. These include:

Wealth and Estate Planning

Wealth and estate planning involves creating a multigenerational wealth strategy that reflects your goals, safeguards your legacy, and helps you realize your vision for the future. If you own $5 million or more worth of liquid assets, make sure to solicit a free copy of our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning, and get more information about estate planning and its importance.

Liquidity Events

This service prepares you for the successful and smooth transition of personal wealth and business with meticulous transaction planning revolving around investment, tax, and estate objectives.

Philanthropy

With philanthropy, you can go beyond the basic charitable contributions with a well-thought-out philanthropy strategy that advances your values and fortifies your impact on the causes you feel strongly about.

Executive Services

Minimize the risk and maximize the advantages of equity-based compensation, non-qualified retirement plans, along with other corporate benefits of your overarching wealth strategy.

Full-Service Investing

Full-service investing enables you to leverage market trends using tailored investment tactics based on J.P. Morgan’s award-winning proprietary data and research.

J.P. Morgan claims to offer the best portfolio and investment management, investment plans that meet your asset allocation requirements, and access to a wide variety of alternative investment products.

Banking

J.P. Morgan’s banking service offers products for all aspects of your financial life, digital and concierge services for access to your money wherever and whenever you need it, and shared accounts for accountability and ease.

In addition, the company provides dedicated banking service professionals who learn about your needs, real-time support for special requests, and a personal assistant to handle your account.

How Much Money Do You Need for JP Morgan Wealth Management?

All wealth management companies specify a relatively large minimum account size for their clients.

J.P. Morgan wealth management is a massive firm with approximately $112 billion in assets under management. Thus, it offers a range of wealth management products, such as those mentioned in the previous section, for a range of audiences, and all of these products come with their minimum investment requirement.

For instance, mutual fund advisory services require only $50,000, whereas the wealth management unit is designed for clients who own $25 million or above in liquid assets. Thus, the range is pretty vast.

Being aware of a wealth management company’s minimum account size is crucial from the client’s perspective. It gives you an insight into the niche in which the wealth manager works.

What Questions Should I Ask JP Morgan?

There’s a lot at stake when you are interviewing a wealth manager to guide your wealth decisions and help you attain financial security. You want someone who has the requisite experience, qualifications, and knowledge; you need a price that’s reasonable with a dialogue that’s meaningful.

If you believe working with a J.P. Morgan financial advisor is the right way to go, don’t forget to ask these questions during the interview process.

1. What Is Your Fee Structure?

Advisors can use a number of fee structures. To make things simple and prevent conflicts of interest, ensure your J.P. Morgan wealth advisor is a fee-only advisor. Such advisors don’t earn commissions for selling products.

Fee-only advisors generally charge a percentage of the assets they manage on your behalf (typically 1%), an hourly fee, or a flat fee for services. You can book a free video consultation with the wealth advisors at Pillar Wealth Management to learn about our fee structure.

2. Are You a Fiduciary?

A fiduciary advisor works in the best interest of the client. If your J.P. Morgan wealth advisor is a fiduciary, they are ethically and legally obligated to prioritize your best interests. As per the SEC, fiduciaries need to inform their clients of all possible conflicts of interest.

On the other hand, if the J.P. Morgan wealth manager is a non-fiduciary, they can suggest investments that enable them to benefit from high commissions while ignoring your best interests and needs. In simple words, non-fiduciaries only recommend products that seem “suitable” — even if they aren’t the most ideal or lowest cost for you.

3. What Asset Allocation Do You Use?

Asset allocation refers to an investment strategy that balances reward and risk by categorizing the assets in an investment portfolio.

A competent wealth manager will talk to you and review your financial situation before deciding on an asset allocation plan. Moreover, the wealth manager needs to be aware of your risk tolerance and long-term targets before reaching any conclusion about your wealth and assets.

If the wealth advisor performs asset allocation without studying your finances, they are perhaps not the right choice. At Pillar Wealth Management, we strongly recommend affluent individuals with $10 million worth of liquid assets request a copy of this book, 7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning to read about the importance of asset allocation.

4. What Is Your Investment Philosophy?

A wealth advisor’s investment philosophy impacts their recommendations. Thus, before you hire one, you need to ensure their investment philosophy aligns with your philosophy. Here is a list of questions you can ask the J.P. Morgan wealth advisor to understand their investment philosophy:

  • Do you favor value stocks or growth stocks? If the advisor favors growth stocks, it indicates that they follow a short-term approach. On the other hand, if they favor value stocks, it indicates they are using a long-term approach.
  • How do you view diversification? Certain managers might want to invest in various kinds of assets, such as bonds and stocks, to lower risk. Other managers might focus on one kind of asset — for instance, stocks in US companies.
  • What is your opinion on timing the market? Timing the market sounds incredible. You can sell your stock when you know the market is going to crash and invest when you know it is going to go up. However, decades of evidence and research have shown that timing the market is next to impossible. Think about it — do you want to risk your wealth on a wealth advisor’s ability to foresee what the future holds?

How Do JP Morgan Advisors Get Paid?

The compensation to your J.P. Morgan financial advisor comprises the fees and commissions paid, along with the services and products that clients pick. It varies depending on such factors as the total revenue generated by clients, the types of clients and accounts covered by the financial advisor, and the types of services and products received, purchased, and sold by such clients.

A financial advisor’s compensation is calculated from the total revenue that can be attributed to that financial advisor. Total revenue typically includes mark-ups, markdowns, commissions, fees earned on fee-based products and services, and revenue collected on banking-related products. The percentage of total revenue paid to the financial advisor differs and can change. However, it typically increases as the total revenue that can be attributed to your financial advisor increases. For the majority of the financial advisors, the range is typically a 40 to 50 percent payout.

Why Choose Pillar Wealth Management?

If you are a high net worth or an ultra-high net worth individual, you can benefit significantly from working with a wealth advisor at Pillar Wealth Management. Here are some reasons why you should opt for our services.

1. Sixty Years of Combined Experience

Our wealth advisors have a combined experience of more than six decades in helping affluent individuals and families attain their wealth-related goals. Our experience has also helped us expand our knowledge base and improve the services we deliver.

2. Tailored Wealth Plans

We take a lot of pride in developing personalized financial and wealth plans that align with our clients’ requirements, goals, time horizons, and risk profiles. Our approach vastly differs from that of other major Wall Street companies that provide standard run-of-the-mill plans to all their clients, irrespective of their investment profiles and needs.

3. Help You Attain Financial Serenity

A competent, experienced, and well-reputed wealth management company such as Pillar Wealth Management will make sure that you achieve financial serenity so you can live the life you always dreamed of without any financial troubles.

4. Vast Range of Services

At Pillar Wealth Management, we offer a broad range of services that other financial services companies don’t offer. For example, we provide services such as insurance planning, tax planning, retirement planning, and estate planning.

You can use our services to achieve numerous goals, such as spending a stress-free retirement, engaging in philanthropic activities, and leaving an enormous inheritance for your children. If you plan to invest $5 million or more, make sure to solicit a free copy of our newly-launched book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.

Wrapping Up

Opting for the right financial advisor plays a huge role in successful and effective wealth management. Our team at Pillar Wealth Management offers fiduciary wealth management services that prioritize your needs and make sure you attain your financial and wealth objectives. Schedule a free video consultation with one of our competent and experienced wealth managers to see how we can guide and help you!

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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