Top Ultra High Net Worth Wealth Management Firms

Are you searching for the top ultra high net worth wealth management firms to effectively manage and maximize your life earnings? You’ve come to the right place.

Wealth management is critical for everybody, but more so for high net worth and ultra-high net worth individuals/families. Once your wealth nears $1 million, the complexities increase as several US states levy taxes on your wealth. So, if you wish to retire comfortably then it’s important to ensure that your wealth is being utilized effectively since it can play a key role in how soon you can retire as well as the kind of lifestyle you will lead after the retirement. If you wish to invest $5 million (or more) in liquid assets, we suggest you request a copy of our guide, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning. It will introduce you to the essentials of wealth management and financial planning, among other things and what you can expect from the top ultra high net worth wealth management firms.

Or you can also get in touch with our team and speak to them in a one-on-one consultation. Pillar Wealth Management provides the services of qualified wealth managers with years of experience in managing high-profile portfolios of ultra-high-net-worth individuals. Our experts will share a key insight with you to help you understand what wealth management entails and how you can benefit most from it. We are a fiduciary advisory firm with a collective experience of more than 64 years in wealth management, tax planning, estate planning, business succession planning, and more.

Many clients ask, “Who are the top 10 wealth management firms?” or” Do wealth management firms make you money?” These are some of the questions that we’ll be addressing in this blog, along with a few reasons as to why should you hire a wealth management firm.

Table of Contents

Why Should You Hire A Wealth Management Firm?
Do Wealth Management Firms Make You Money?
Who Are the Top 10 Wealth Management Firms?
Tips to Choose Top Ultra High Net Worth Wealth Management Firms
Get Started with Pillar Wealth Management…

Why Should You Hire A Wealth Management Firm?

Understanding whether you need to hire a wealth management is integral since it comes attached with a cost, and frankly, not everybody needs it. In general, you should hire a wealth management firm if you have more than $1 million in liquid assets. Seeking the assistance of a wealth management at this level can indeed allow you to proliferate the overall value of your assets strategically to accomplish your financial and retirement goals.

Wealth management firms entail expert financial advisors that generally work with a high net worth or ultra-high net worth clients. Financial planning, retirement planning, tax planning, legal planning, estate planning, and investment management are some of the services offered by the top ultra high net worth wealth management firms.

In a nutshell, you can use one or an amalgamation of these services to make sure your wealth and assets are utilized efficiently. Because, let’s face it – having more than $1 million now does not necessarily mean you will always have this kind of money.

Additionally, if you invest smartly, your total net worth can amplify to anywhere between $5 million to $500 million! The top ultra high net worth wealth management firms can make that happen. Simply, share your investment goals with them and what you wish to do with your wealth. This info can be utilized for key investment management decisions and can also allow you to earn passive income on your wealth. Moreover, the best wealth managers can also improve your investment portfolio’s performance. Click here and read our exclusive guide on high net worth investors who own $10 million in assets to learn how you can increase your portfolio’s effectiveness.

Besides the $1 million requirement, there are several other benefits to consider working with a wealth management firm. Give us a call today and talk to our wealth managers to learn what those benefits are.

Do Wealth Management Firms Make You Money?

Yes, the top ultra high net worth wealth management firms can make you more money.

For those who don’t know, wealth management is the most advanced type of financial and investment advisory service. It can be viewed as an all-ranging, extensive service focused on using a holistic look at a client’s financial position, including services such as financial planning, investment management, estate planning and tax planning. Use our 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning guide to choose the best wealth management specialist that can help you further make more money from existing wealth.

Remember, wealth management objectives for every investor differs as each client’s situation and needs are different, and the best wealth managers would tailor their suggestions accordingly. Nonetheless, here are few of the key wealth management objectives for clients:

Facilitating clients to maximize their overall wealth by making lucrative investment decisions
Establishing financial goals and devising strategies to accomplish those goals
Overseeing clients’ finances and investments
Creating strategies for optimal and smooth passing of a client’s wealth, also called estate planning

Who Are the Top 10 Wealth Management Firms?

Although there are several trustworthy wealth management firms out there, it is important to understand that custom solutions to high net worth and ultra high net worth investors is what matters. It’s about personalization and knowing yours and your family’s financial needs vs. being just another addition to a client list; as it’s usually the case with the big Wall Street firms. It is also about what high net worth and ultra high net worth investors like you should demand, expect, and deserve from the top ultra high net worth wealth management firms.

Tips to Choose Top Ultra High Net Worth Wealth Management Firms

Every wealth management firm is different. Consequently, the process of choosing the top ultra high net worth wealth management firm is a very personal one. The best wealth management firms work with each and every client to identify financial goals and devise an all-encompassing plan for accomplishing them. These decisions are based around selecting solid investments that will grow over time. At Pillar Wealth Management, we offer services of qualified wealth managers, who have years of experience in managing high-profile portfolios of ultra-high-net-worth individuals. They’ll share key insights with you to help you understand what wealth management entails and how you (and your loved one’s) can ~~most~~ profit from it the most. Ast stated earlier, we are a fiduciary advisory firm with a collective experience of 64+ years in wealth management, tax planning, estate planning, business succession planning, and more. Get in touch with our team today for a free one-on-one consultation.

Remember, signing on with a wealth management firm will be one of the most crucial financial decisions you will ever make. Therefore, it should be handled with a meticulous attention to detail. After all, you will be paying considerable dollars as fees to them for this level of treatment. So, just like other financial decisions, there are a plethora of factors to consider, and important questions to ask if you are ready to build serious wealth.

Below are some good guidelines to follow when choosing a wealth management firm to invest your money with:

Compare Available Services

First and foremost, it is essential to be fully aware of the kinds of services and products different wealth management firms offer. Does your desired wealth management firm only provide investing assistance or does it also support with things like estate or tax planning? Some wealth management firms specialize in specific investment types and/or strategies. For example, many of the top ultra high net worth wealth management firms focus exclusively on stock-picking, meanwhile others prefer real estate investments. Another decent approach is to closely pay attention to the firm’s overall investment strategy to ensure it aligns with your financial objectives. If you are considering numerous different wealth management firms and each one of them is offering the same “cookie-cutter” portfolio options, it’s a big red flag that you might need to look elsewhere.

If you have any queries about different financial services, feel free to g ive us a call today and talk to one of our seasoned wealth managers for free.

Assess SEC Records

Wealth management companies typically have assets worth millions (or even billions) of dollars under management, however that alone should not be an indicator of how well they serve their clients. If you have zeroed in on a couple of firms, we suggest you to consider their past history. For example, has the company received any awards or special recognition for its services? Are there any positive reviews on platforms like Better Business Bureau, or some other consumer website? Excavating a wealth management firm’s background may certainly take up a bit of your time but it in the long run, the extra effort will be worth it especially if you intend to build wealth before reaching retirement age.

Evaluate Business Models

One more key aspect to understand before choosing a wealth management firm is that their business model matters. Important factors, such as if they’re publicly or privately held, their core business strategy and platform structure etc. All these factors among others can potentially influence how they manage your wealth. For instance, publicly held wealth management firms undergo quarterly return pressures, which might impact the timing and types of the investments they offer to you. Meanwhile, a wealth management company with proprietary investment vehicles, from which they earn income, might have conflicts of interest in the guidance they provide.

In addition, several companies provide wealth management, but their primary business might be devoted to other financial service areas like insurance, banking, or lending. A company whose focus is exclusively wealth management, and whose business model is aligned with client objectives, is more likely to be a better steward of your wealth.

Understand Investment Approach

Apart from the business model, a wealth management companies investment approach is another important area to scrutinize. Some essential questions to consider are:

Does the firm utilize individual securities or mutual funds?
Is the investment approach model-based or tailored for each client?
What are the firm’s investment offerings?
Is the historical investment performance of the firm decent?
Does the firm only provide proprietary/internal investment opportunities or access to external managers is available?

The answer to such questions regarding a wealth management firm’s approach can help you determine if they provide sufficient range of investment opportunities and their cost. This means understanding the fee structure and also the actual cost of the investments.

Get Started with Pillar Wealth Management…

We may not be the biggest wealth management firm in the US when it comes to size but we can definitely accomplish your financial goals – perhaps even better than several of the big Wall Street firms. Founded in 1988, we believe Pillar Wealth Management is one of the top ultra high net worth wealth management firms in California, US. Our expert wealth managers will protect your long- and short-term financial interests. Under the guidance of our co-founders, Hutch Ashoo and Chris Snyder, who collectively have over 64 years of experience in wealth management, the company has facilitated several high net worth and ultra high net worth individuals and their families to maximize their wealth for a more comfortable and secure future. To talk to an experienced estate planner, schedule your first free meeting today!

At Pillar Wealth Management, we offer professional, qualified wealth planning services, such as wealth management, tax planning, estate planning, business succession planning, and more. However, we specialize in services for investors from $5 million to $500 million. The priority of our wealth managers is to deliver a reliable, personal, and reassuring experience to leave clients safe in the knowledge that their hard-earned wealth is in the right hands. Pillar Wealth Management can help you find ultimate peace of mind to make life as simple as possible for you and your family.

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.