When you have a substantial portfolio, finding the top wealth management firms can be a game-changer for preserving and growing your assets. We know you want fiduciary guidance, an expansive toolbox of investment solutions, and a team that truly listens to your goals. Below, we’ll explore the global wealth management landscape, then highlight five firms that stand out, along with key compliance notes and a final Q&A to tie it all together.
Explore Wealth Management Numbers
Wealth management is big business—assets under management worldwide reached more than $128.9 trillion as of 2024 and are expected to surpass $145 trillion by 2025 (Investopedia). These numbers underscore why the right advisory team can make all the difference. While fees can range from 0.25% to 2% of your assets (Nerdwallet), many investors prioritize a personal approach, especially if you have family-owned businesses, concentrated stock positions, or are anticipating a major liquidity event.
Fidelity Private Wealth Management
Fidelity’s Private Wealth Management option requires at least $2 million invested through Fidelity Wealth Services, plus $10 million or more in total investable assets (Nerdwallet). Their reputation for offering comprehensive estate and legacy planning makes them a strong contender if you prefer a one-stop shop. We appreciate Fidelity’s range of digitally enhanced tools alongside individualized support from CFP (Certified Financial Planner) professionals.
- Key Strengths: Advanced digital portals, dedicated wealth advisors, broad investment selection
- Minimum Investment: $2 million in Fidelity Wealth Services
- Notable Perk: Lower-tiered services also available if you have at least $500,000
Vanguard Personal Advisor Services
Vanguard offers another powerful solution for high-net-worth individuals. Vanguard Personal Advisor Services typically requires $5 million in Vanguard funds and ETFs, though they have lower-tiered options for those starting with $500,000 (Nerdwallet). Known for low-cost index funds and robust retirement planning tools, Vanguard prides itself on a long-term, evidence-based investing philosophy. If you want a predominantly passive strategy that focuses on minimizing fees, Vanguard fits the bill.
- Key Strengths: Low-cost funds, dedicated financial planners, emphasis on index investing
- Minimum Investment: $5 million for their top-tier service
- Notable Perk: Transparent fee structure aligned with Vanguard’s low-fee ethos
Brown Miller Wealth Management
Brown Miller Wealth Management is a fee-only fiduciary firm that offers personalized support, from retirement planning to tax efficiency and estate guidance (Brown Miller Wealth Management). Their team-first approach aims to help busy professionals and business owners focus on what matters most, while they handle the intricate details of financial strategy. We like their emphasis on open communication and proactive service, ensuring you’re up to speed on every major decision.
- Key Strengths: Fee-only fiduciary, tailored strategies, focus on transparency
- Ideal Client: Entrepreneurs, executives, families needing long-term, multi-generational planning
- Notable Perk: Strong relationships with CPAs and legal advisers to round out the bigger financial picture
Morgan Stanley Private Wealth
When it comes to access to global markets and a deep bench of specialized advisors, Morgan Stanley is hard to beat. With a large roster of wealth managers, they provide estate planning, philanthropic guidance, and portfolio customization whether you’re a tech founder or a seasoned executive. Barron’s frequently ranks Morgan Stanley teams on its prestigious lists, citing their ability to combine robust research with client-focused strategy (Barron’s).
- Key Strengths: Global research, diverse asset classes, philanthropic support
- Typical Client: High-net-worth individuals looking for a global presence and institutional-level resources
- Notable Perk: Teams often include specialists in trust services, family legacy planning, and concierge-style benefits
Goldman Sachs Private Wealth
Goldman Sachs is known for catering to ultra-high-net-worth clients who demand in-depth advice on risk management, alternative investments, and complex estate requirements. Their private wealth division draws on comprehensive market analysis and a storied history in investment banking. If you’re seeking a team that can handle sophisticated strategies, Goldman Sachs is a top-tier choice.
- Key Strengths: Global reach, alternative investment strategies, top economic insights
- Ideal Client: Ultra-high-net-worth individuals with complex portfolios and global interests
- Notable Perk: Dedicated access to specialized funds and potential co-investment opportunities
Consider Key Compliance Tools
Regulatory compliance is a major priority for high-net-worth wealth managers. Firms that serve large-scale portfolios often invest in advanced monitoring systems for broker supervision—tools like NICE Actimize’s Sales Practices & Suitability solution reduce risks by automating alerts and safeguarding clients’ accounts (NICE Actimize). This technology keeps sensitive communications secure and helps advisors comply with regulations from bodies like the CFTC and FINRA, so you can feel confident about data protection and honest advice.
Review Our Final Thoughts
Selecting a wealth management partner is about trust, transparency, and the ability to deliver results over the long haul. We believe each firm above stands out in different ways— from Fidelity and Vanguard’s low-cost heritage to Morgan Stanley and Goldman Sachs’ global footprints, and Brown Miller’s boutique, client-first approach. For even deeper insights on advanced strategies, visit our guide to high net worth wealth management. Whatever your choice, prioritize a firm that aligns with your future goals, understands your risk tolerance, and is dedicated to keeping your legacy intact.
Frequently Asked Questions
We often hear these five queries in one sentence: “What do top wealth management firms typically charge, how do they measure success, should I choose a fiduciary, can they also handle estate needs, and how do they compare to automated advisors?”
- Fees range from 0.25% to 2% of assets but vary based on services and complexity.
- Success is measured by portfolio performance, client satisfaction, and long-term plan outcomes.
- A fiduciary is obligated to act in your best interest, which many investors find more transparent.
- Yes, most wealth managers offer estate planning and related services, especially for high net worth.
- Compared to robo-advisors, these firms deliver more personalized and holistic strategies.
If you’d like to continue exploring options, feel free to read our tips on best private bank or discover retirement planning for high net worth individuals. We hope this list gives you a clearer path toward selecting the right partner for your family’s future.