Retirement Advisor Near Me For Wealthy Investors – PillarWM
Retirement planning is an essential task that all wealthy individuals must perform at some point. There are many professionals who offer services related to retirement planning. If you own between $5 million and $500 million in liquid investment assets, you may be wondering, “where do I find a retirement advisor near me?”. At Pillar Wealth Management, we offer premier retirement planning services for high net worth as well as ultra-high net worth individuals. Learn how to boost your retirement savings with our guide for investors with $10 million or more.
What is a Retirement Advisor
If you have never sought our retirement planning services before, you may be wondering what exactly a retirement advisor is. As their title suggests, a retirement advisor is a financial professional who offers advice related to retirement planning. Please set up an exclusive free appointment with our wealth managers to learn how to work towards your dream retirement.
So what does a retirement advisor do? Retirement advisors offer services such as:
• Helping you chart out your retirement goals.
• Identifying any gaps or vulnerabilities in your savings.
• Providing advice making your savings more tax-efficient.
Each of the above services is useful when creating a plan for your eventual retirement. A good retirement planner can help take care of your various retirement concerns and offer a pathway towards a comfortable retirement.
The Importance of Retirement Planning
Everyone has some idea of how they would like to live out their retirement. Some wish to retire early by the age of 40 and spend the remaining decades of their life traveling the world. Others may prefer to retire at 60 and move to a peaceful town with their families.
In each case, it is vital to plan for your retirement beforehand. This is where retirement planning services can be beneficial. Some benefits of retirement planning include:
Achieving Your Dream Retirement
You may have a set vision in your mind for your dream retirement. However, it can be challenging to turn your dream into a reality if you do not take the right approach. A retirement advisor can offer advice and set you on the right path to achieve your goal.
This includes helping you create a robust retirement plan that is in-line with your long-term financial goals. You can learn about various portfolio expansion strategies in our special guide.
Nobody wants to stress over their future retirement. For many wealthy investors, retirement is a distant thought that should not concern them in the present. However, this approach tends to prolong retirement planning until it is too late.
You can reduce future stress by starting the retirement planning process early and slowly working towards building up savings or making the right investments. Read different ways to improve your portfolio performance using our special guide.
Protecting Your Wealth
Many wealthy investors are skilled at growing their wealth. However, they may find it challenging to protect the wealth and assets they have acquired over the years. The unfortunate truth is that your portfolio becomes vulnerable to more risks as you expand it.
Retirement planning enables you to keep track of your assets and forecast how they can serve you during retirement. This makes retirement planning essential for protecting your wealth in the long run. We discuss why wealth protection is important in our special book for wealthy investors The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
Understanding Your Own Finances
An often overlooked benefit of retirement planning is learning about your own finances. After all, it is vital to look over your finances and assets when planning for the future.
A financial professional such as a retirement advisor can study your finances and your portfolio in-depth and inform you where you stand. This can be important when assessing the rate your wealth is growing at and whether or not you are on track towards building up enough savings for retirement. Please set up an exclusive free appointment with our wealth managers to get your finances on-track with your retirement.
Maintaining Your Charity Contributions
Many wealthy investors donate to charities throughout the course of their lifetime. This activity can be fulfilling for many, so it is natural to want to continue contributing during retirement. However, if you intend to continue living a high-spending lifestyle into retirement, you may not have enough savings to keep up with charity donations. This is one of the unfortunate realities of retirement.
A good retirement plan can help you account for this problem beforehand. A retirement advisor can help recommend passive income sources to help fund your charity donations into retirement. We discuss some great investment strategies for passive income in our guide for investors with $10 million or more.
How Much Does a Retirement Advisor Cost?
If you are interested in hiring a retirement advisor to help you with your retirement plans, you might ask yourself, “how much does a retirement advisor cost?”. Retirement advisors charge different fees depending on the type of services you are seeking.
If you intend to visit them for advice or guidance, they may charge you between $150 and $300 an hour. If you request a retirement plan, they may charge upwards of $1000 for their services. You should be aware of these costs before hiring a retirement advisor. However, these costs are relatively minor, given the immense value a robust retirement plan provides.
How Do I Find a Retirement Advisor Near Me?
If you are on-board with using a retirement advisor for your retirement planning, the main question you are wondering is likely to be “how do I find a retirement advisor?” There are plenty of financial professionals who offer retirement planning services out there. We recommend using the following steps to find the right person for the job.
1.Start Your Search Online
The internet is the best place to look for retirement advisors. You should be able to find a large number of advisors by simply performing a Google or Bing search for “retirement advisors near me.”
Alternatively, you can also look for financial advisors who offer retirement advisory or retirement planning services. A simple search for “financial advisors who offer retirement planning services” should yield plenty of results.
Many of the retirement advisors and financial professionals you find in your search may not be well-suited to serve high net worth or ultra-high net worth individuals. If you want a more fitting professional to help you with retirement planning, it may be worth asking around your network.
If you know any older or senior investors, you should ask them who they recommend for retirement planning. This approach also helps you discover retirement advisors who have been serving the same client for many years.
3.Check Reviews and Ratings
Once you have come up with a decent list of potential retirement advisors in your area, you should thoroughly assess their track record. One of the easiest strategies to do this is to look up reviews and ratings left by their previous clients. However, these reviews should be on general review sites instead of the advisor’s website.
4.Speak With the Advisor
After narrowing down your list of candidates to just a few retirement advisors, you should go ahead and speak to each one individually. This could be an in-person meeting or a phone conversation.
During your meeting, you should explain what your financial background is and what your retirement expectations are. The advisor will then inform you about the services they offer and how they can help you achieve your retirement goals.
You can also use this opportunity to learn the limits of their expertise. Consider asking your advisor some of the questions mentioned in our guide to choosing a financial advisor.
The steps mentioned above are useful for finding any type of financial advisors, and not just retirement advisors. We recommend thoroughly vetting each candidate as you will be entrusting them to plan your future.
Why Choose a Wealth Manager Over a Retirement Advisor
Before going ahead and picking a retirement advisor, you should know that wealth managers also offer retirement advisory and planning services. Individuals who possess a high net worth or ultra-high net worth often choose wealth managers to handle their retirement planning needs for various reasons. This includes:
Wealth managers are a special category of financial advisors that offer a wide range of services. By contrast, other types of advisors offer or specialize in only one or two services.
Some of the services wealth managers offer include:
• Retirement planning
• Investment planning
• Portfolio analysis
• Insurance planning
You don’t have to use each of these services. However, they can certainly help you during the retirement planning process. For example, you can utilize investment planning services to discover and pick investments that provide passive income for you in retirement. Similarly, insurance planning can help you keep your wealth and assets safe throughout your career and into retirement. Please set up a free appointment with our wealth managers to learn about our full range of services.
Experience With Wealth Clients
Wealth managers also stand out from ordinary retirement advisors because they offer services only to clients that have a high net worth or an ultra-high net worth. For example, at Pillar Wealth Management, we take on clients that have $5 million to $500 million in liquid investment assets.
So why is this difference important? A wealth manager is more likely to be familiar with wealthy individuals’ needs and concerns than an ordinary retirement advisor. This is especially true if the latter deals with clients from a wide variety of backgrounds and has limited experience working with wealthy investors.
If you own a sizable quantity of wealth, a wealth manager would certainly fit your needs better than an ordinary retirement advisor.
Another great reason to seek services from a wealth manager is their fee structure. As mentioned earlier, many retirement advisors charge their clients an hourly rate. The costs of using a retirement advisor can quickly add up if you use their services frequently.
This isn’t a problem with wealth managers, as they typically charge a fixed annual fee-based. This means you can reach out to them for assistance without worrying about extra charges.
Why Choose Pillar Wealth Management
If you want to plan for a comfortable and worry-free retirement, you can’t go wrong by choosing Pillar Wealth Management. Wealthy investors from all over the country seek out our expert retirement planning services.
They trust our six decades of industry experience and appreciate the personalized service we offer to each and every client. We also provide customizable plans to help meet your unique needs at every turn. Please set up a free appointment with our wealth managers and start planning for your dream retirement.
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