Top Ultra- High Net Worth Wealth Management Firms

Are you looking for a top ultra-high net worth wealth management firm to effectively manage and maximize your life earnings?

Well, 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 or families. Once your wealth nears $1 million, the complexities increase as the US levies taxes on your wealth. So, if you want to retire comfortably, it’s important to ensure that your wealth is being utilized effectively since it can play a key role in establishing how soon you can retire and the lifestyle you can have after retirement.

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.

If you have $5 million (or more) in liquid assets to invest, we suggest you request a copy of our guide, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning, which will introduce you to the essentials of wealth management and financial planning 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 key insights with you to help you understand what wealth management entails and how it can be most beneficial for you. 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 we’ll be addressing in this blog, along with a few reasons why you should hire a wealth management firm.

Why Should You Hire a Wealth Management Firm?

Understanding whether you need to hire a wealth management firm 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. The assistance of a wealth management firm at this level can indeed allow you to grow your assets strategically to accomplish your financial and retirement goals.

Wealth management firms have expert financial advisors who generally work with 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 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 portfolio performance if you want to learn more about this.

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 financial planning, investment management, estate planning, and tax planning. Use our Financial Advisor Guide to choose the best wealth management specialist that can help you further make more money from existing wealth.

Remember, the wealth management objectives for every investor differ, as each client’s situation and needs are different, and the best wealth managers will tailor their suggestions accordingly. Nonetheless, here are a few key wealth-management objectives for wealth managers:

  • 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 many trustworthy wealth management firms, it is important to understand that custom solutions for high net worth and ultra-high net worth investors are what matters. It’s about personalization and knowing your and your family’s financial needs vs. being just another addition to a client list as is often the case with some of 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, choosing a top ultra-high net worth wealth management firm is a very personal process. 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 on selecting solid investments that will grow over time. At Pillar Wealth Management, we offer the services of qualified wealth managers who have years of experience in managing the 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 ones) can profit from it the most. As 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 meticulous attention to detail. After all, you will be paying considerable amounts as fees 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 guidelines to follow when choosing a wealth management firm with which to invest your money.

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 will it also support you 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, while 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.

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 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 in the long run, the extra effort will be worthwhile 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, among others, can potentially influence how they manage your wealth. For instance, publicly held wealth management firms are subject to quarterly returns pressure, which could affect 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, while many companies provide wealth management, their primary business might be devoted to other financial service areas like insurance, banking, or lending. A company whose focus is exclusively on wealth management and whose business model is aligned with their clients’ objectives is more likely to be a good steward of your wealth.

Understand Investment Approach

Apart from the business model, a wealth management company’s 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 firm’s historical investment performance decent?
  • Does the firm provide only proprietary/internal investment opportunities or is access to external managers available?

The answer to such questions regarding a wealth management firm’s approach can help you determine if they provide a 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 PillarWM

We may not be the biggest wealth management firm in the US, but we can definitely accomplish your financial goals — perhaps even better than some of the big Wall Street firms. For a company 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 numerous high net worth and ultra-high net worth individuals and their families to maximize their wealth for a more comfortable and secure future.

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. To talk to an experienced estate planner, schedule your first free meeting today!

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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