Ultra High Net Worth Advisors for Investors — PillarWM

Individuals with an ultra-high net worth face many unique challenges. After all, having a net worth that exceeds $30 million offers you opportunities that are seldom available to people with a lower net worth. If you want to utilize your wealth to the fullest extent, it may help to seek assistance from ultra-high net worth advisors.

7 Secrets minified
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.

Many wealthy individuals turn to wealth management firms for guidance in managing their wealth. Pillar Wealth Management is a notable name in the wealth management world because they have helped numerous investors with $5 million to $500 million in liquid investment assets achieve their financial goals. Learn about some of the investment management solutions we use by requesting a free copy of our book 7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning.

Table of Contents
What are the Challenges Ultra-High Net Worth Individuals Face?
How Can Ultra-High Net Worth Advisors Help?
How Much Do Wealth Managers Cost?
Is it Worthwhile Hiring a Financial Advisor?
Can a Wealth Manager Make You Rich?
Why Choose Pillar Wealth Management?

What are the Challenges Ultra-High Net Worth Individuals Face?

It is estimated that there are approximately 190,000 individuals with an ultra-high net worth in the United States alone. Some of these individuals inherited much of their wealth, while others built their riches from scratch. You can learn about some of the wealth-building strategies ultra-high net worth individuals use by setting up a free video meeting with one of our expert wealth managers.

Ultra-high net worth individuals face many challenges, regardless of how they built their wealth. Some of these challenges include:

Knowing Where to Invest

Ultra-high net worth individuals have far more money to invest than people with an average net worth. This means they have access to investment opportunities that most people could only dream of having. However, this also means there are fewer resources for them to draw upon when deciding where to invest.

After all, you can’t simply “follow the herd” when only a handful of other individuals are capable of making such investments. You could be interested in investing in a particular sector in an up-and-coming industry but lack the guidance required to make intelligent decisions. This can lead to missed opportunities or unreliable investments.

Managing Your Portfolio

Any ultra-high net worth individual with a vast portfolio may already be aware of the difficulties associated with monitoring and managing a large number of assets. Keeping track of each asset and its performance can be quite time-consuming. This leaves you less time to research new assets that fit your portfolio goals.

To make matters worse, you may not be aware of the various risks you are taking on by adding new assets to your portfolio. You can learn how to identify and manage such risks by reading our special guide for investors with $5 million or more.

Planning a Comfortable Retirement

If you have spent much of your life building wealth, the chances are that you have been looking forward to a luxurious retirement. Ultra-high net worth individuals generally have more retirement savings to rely on in retirement than do individuals with a lower net worth. However, such savings may not last them very long if they continue to spend on luxury items such as cars or traveling.

In addition to this, they may face medical costs due to unexpected health problems. Such events can put a major dent in their retirement savings and jeopardize the retirement lifestyle they have envisioned for themselves.

Passing On Your Wealth

Possessing great wealth can also make it challenging to pass said wealth onto your children and other beneficiaries. You may have already thought about how much you wish to distribute to each of your children. However, there is no guarantee that your wealth distribution wishes will be respected following your passing. Please speak with our premier wealth managers to learn about the wealth distribution challenges that ultra-high net worth individuals face.

Any wealthy individual who passes away without a proper estate plan or will may end up leaving the wealth distribution process in the hands of the courts. These legal entities will then take up both time and money while determining the distribution. This means your wealth may be distributed to the wrong individuals or in incorrect amounts. We discuss some of the challenges of wealth distribution and estate planning in our special guide for investors with $5 million or more.

Minimizing Taxes

You may already be aware that the ultra-wealthy pay some of the highest taxes in the country. Ultra-high net worth individuals understand that this is the necessary cost of owning high-value assets. However, there may be ways to minimize the taxes you owe. Read our special guide for investors with $10 million or more to learn some great tax planning strategies.

ultra-high net worth advisors

What is considered to be ultra-high-net-worth?

What is considered to be ultra high net worth 1

A high net worth individual has liquid financial assets whose value is at least $1 million, assets such as cash, bank accounts, money market funds, stocks, and bonds.

How much do top tier financial advisors make?

How much do top tier financial advisors make

Top advisors with up to five years of experience earn between $50,000 and $100,000, more at the major banks and investment firms. At the major broker-dealers, compensation can exceed $1 million.

How much do top private wealth advisors make?

How much do top private wealth advisors make

Private wealth advisors in the US earn between $80,000 and $120,000. The top private wealth advisors can make about $900,000 annually, largely due to the high account minimums.

What do ultra-high-net-worth clients want?

What do ultra high net worth clients want

Ultra-high net worth clients want to grow and preserve their wealth. They want an advisor who cares about how they live and what's important to them. They want advice that is tailor-made.

How Can Ultra-High Net Worth Advisors Help?

Most of the aforementioned challenges can be overcome with the help of ultra-high net worth advisors such as wealth managers. Some of the ways these financial experts can help include:

Providing Assistance With Asset Management

As mentioned earlier, managing a portfolio consisting of numerous assets can be challenging. A wealth manager can take care of some of the managerial duties for you. They can monitor your portfolio performance and provide periodic updates. Such services allow you more time to research new assets that could potentially boost your portfolio performance. You can learn about some great portfolio performance improvement strategies by reading our special performance guide.

Managing Investment Risks

The downside of expanding your portfolio is that it typically introduces new risks. Such risks must be accounted for, or they may jeopardize your savings or stall your wealth-building progress. However, this can be challenging to do if you do not possess an in-depth understanding of each type of investment in your portfolio.

A wealth manager is well-versed in this area and can analyze your portfolio for any risks. They can then recommend strategies to work around such risks or help you restructure your portfolio.

Planning for the Future

Wealth managers help you achieve your financial goals by creating comprehensive plans. For example, suppose you are concerned about running out of savings during your retirement. In that case, a wealth manager may recommend that you invest in stable assets that provide a steady source of passive income.

Similarly, suppose you are concerned about the challenges of passing your wealth onto your children and other beneficiaries. In that case, the wealth manager can help you create a comprehensive estate plan that outlines your wishes. This could include a will that describes which persons or parties to which you wish to pass on your wealth. Please speak with one of our expert wealth managers to learn more about our retirement planning and estate planning services.

How Much Do Wealth Managers Cost?

After learning about how an ultra-high net worth advisor can help you, you may be wondering about their charges. So how much does an advisor cost?

If you hire an experienced wealth manager to help you with your wealth management needs, you will likely be charged a fixed annual fee based on the value of your assets. This management fee typically ranges from 0.25% to 1%.

Is it Worthwhile Hiring a Financial Advisor?

Anyone with an ultra-high net worth should be careful about hiring a professional to help them manage their wealth. So,is it worth the money to hire a financial advisor? The answer is yes.

Wealth managers serve to help you protect and grow your wealth. Their primary goal is to assist you with meeting your financial goals. Whether that is expanding your portfolio and breaking into a specific industry or simply planning for a comfortable retirement, these professionals possess the know-how to make it happen.

Can a Wealth Manager Make You Rich?

You may be wondering, “Can ultra-high net worth advisors make you rich?” The truth is that most people who tout themselves as ultra-high net worth advisors take on clients who are already rich. So, a better question would be, “Can ultra-high-net worth advisors make you even richer?” The answer is yes.

Wealth managers are skilled at making financial decisions that grow your wealth. They are up-to-speed with markets and are always looking for new and inventive wealth-building methods.

You may already be aware that building wealth becomes easier as you gain more wealth. Wealth managers understand this well and utilize strategies that take advantage of such opportunities.

Why Choose Pillar Wealth Management?

If you have decided to hire a wealth manager to help you with your wealth management needs, you may find many firms willing to offer assistance. However, few can compete with the quality of services we provide at Pillar Wealth Management.

Our ultra-high net worth clients are located all over the country and return to us for assistance time and time again. They trust us for the following reasons:

Our Experience

Making ultra-high net worth financial decisions is never easy, especially with so much wealth on the line. Such decisions can be madewith confidence only when there is an experienced individual at the helm. At Pillar Wealth Management, we are glad to share that our wealth managers have over six decades of combined industry experience.

They have assisted their clients through thick and thin. This includes during stressful events such as the 2008 financial crisis as well the currentpandemic. Such events have only added to their wealth of knowledge, and they strive to apply what they have learned when assisting the new generation of clients.

Our Personalized Services

The secret to giving great advice is always to understand your client’s background and specific needs. At Pillar Wealth Management, we know that one-size-fits-all solutions do not work for everyone. Applying such strategies when dealing with ultra-high net worth clients can lead to disaster.

This is why our wealth managers always take the time to understand your background and your goals. We aim to have an in-depth understanding of your portfolio, current needs, as well as future needs before sculpting a personalized plan that is tailored to help you achieve your goals.

Our Reliability

You won’t have to search too far to find advisors who are too busy to offer their clients advice on short notice. Such advisors fail to understand the time-critical nature of certain financial decisions.

At Pillar Wealth Management, we always take the time to meet with or listen to our clients. We are committed to helping you in your time of need and strive to be easy to reach. You can always contact our wealth management experts over the phone or via email when you need assistance with an important decision.

Prospective ultra-high net worth individuals who wish to take the first step in making smarter financial decisions shouldn’t wait to get started. Please set up a free video meeting with our wealth managers today and accelerate your journey to success.

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.

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