Financial Planner Atlanta

According to a 2018 report, Atlanta, Georgia, is one of the top 10 American cities when it comes to the number of ultra-high net worth individuals in that location. High net worth and ultra-high net worth individuals have diverse situations when it comes to personal finance. Managing $50 million is very different from managing $1 million. Plus, the higher the amount involved, the more far-reaching is the impact of every decision. For those of you looking to entrust over $5 million to an investment management firm, we highly recommend you request your free copy of this in-depth investment management book written specifically for families with $5 million to $500 million of liquid investable assets.

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.

Diverse situations call for highly developed skills to manage high net worth and ultra-high net worth individuals’ wealth. If you are someone with $10 million or more in investible assets, this guide on choosing the best financial advisor talks about these financial issues. Wealth management is a broad area in the finance field. It is a segment that specifically focuses on the needs of affluent individuals and families.

If you are a high net worth individual in the Atlanta area and are thinking about investment management, this article is the perfect guide. Below, we discuss wealth and investment management for ultra-high net worth individuals, investment consulting, finding investment firms with integrity ant trustworthiness, and options for high net worth wealth management firms in Atlanta, Georgia. We also talk a bit about Pillar Wealth Management’s way of managing wealth for individuals with $5 million to $500 million in liquid investible assets.

Time is money. So, without any delay, let’s begin!

Financial Planners for Ultra High Net Worth Individuals in Atlanta, GA

If you are a high net worth or ultra-high net worth individual, you may have a host of financial advisory needs. The popular perception is that the more money you have, the easier your life is. However, you can appreciate that more wealth equals more complexity when it comes to decision-making. Pillar Wealth Management appreciates the intricacies of investment management for ultra-high net worth folks as it has decades of experience in handling accounts ranging from $5 million to $500 million.

For people with an ultra-high net worth and for some business owners, finding personal financial planning is important. The financial planner has to maintain and manage the client’s wealth and financial life to provide a good return and to provide long-term financial planning such as retirement income, life insurance, investment planning, strategic portfolio planning, and many more. Those financial services are provided by financial planners. Besides, some investment advisors also provide planning and investment services. The investment advisors can help you achieve strategic portfolio planning based on the market changes or other circumstances. However, to ease you in choosing investment advisors, you need to make sure that they are registered investment advisers (RIAs).

Big firms like Homrich Berg or UBS Wealth Management cannot guarantee that you will get the best personalized financial planning as they manage numerous clients. Investment advisors at Pillar WM can assist you in making strategic investment plans, including an action plan based on your current situation and on market conditions.

You probably have multiple things on your mind as far as your wealth is concerned. You may be thinking about retirement planning, selling your business, preparing the next generation for succession, optimizing your tax outgo, the performance of your portfolio over the last few years, being able to work with an ethical and committed financial planner, and so on. You may be considering buying a property in Florida and retiring there, or maybe selling your vacation home or planning your finances so that you can give away some money to your grandchildren for their education. You can always schedule a free consultation with Pillar WM to discuss anything related to your financial situation.

Giving is an important topic for high and ultra-high net worth families as they are often passionate about specific causes. Leaving behind the right kind of legacy is important and requires careful decision-making. Handling all of these “moving parts” requires expertise that an experienced investment management firm can bring. We discuss some important non-negotiables in wealth management in this comprehensive book called The Ultimate Guide to Choosing the Best Financial Advisor: For Investors With $5 Million to $500 Million in Liquid Assets.

The Benefits of Wealth Management Atlanta Firms for High Net Worth Individuals

As a high net worth or ultra-high net worth individual in the Atlanta, GA area, you want to manage your wealth in the most time and cost-efficient manner. Those two things are precisely one of the major benefits of working with a financial advisor in Atlanta, GA.

An experienced and accomplished financial advisor will bring multiple skill sets to the table. Whether you need help with succession planning, retirement planning, real estate planning, philanthropy, taxes, or anything else, a wealth management firm may have these areas listed under the list of services it offers. Of course, you have to look for a wealth management firm that deals with the areas you are interested in.

By having multiple focus areas in one place, a wealth management firm saves you time. You don’t have to visit a tax professional, an accountant, a portfolio manager, and other professionals for every decision. Everything happens in one place, and you deal with one financial planner. Feel free to give Hutch Ashoo a call to discuss the various areas covered by Pillar WM and how he can help streamline your investment management process.

Working with a financial advisor can also be cost-efficient. A good financial advisor will connect your goals to your financial decisions. It may be the case that your goals do not require aggressive investments. Rather, you might do just fine investing in low-cost passive investments for the long term. Not only do you save on expense ratios, but you might also save on taxes (long-term vs. short-term). We have discussed what we call the 5 critical shifts needed to maximize portfolio growth in this complimentary guide written specifically for families worth $5 million to $500 million.

Wealth Management Atlanta

Investment Consulting

Many wealth management Atlanta firms offer investment management. However, wealth management isn’t just about investment and portfolio management. There are many other aspects involved like tax planning, financial planning, etc.

All the decisions made by investment management need to be linked with taxes, financial goals, and other aspects of a high net worth individual’s financial situation. Feel free to start a conversation with Pillar WM to learn how it approaches investment management while committing to saving $100,000 for every $10 million in assets that a client brings in.

Investment consulting can be a standalone service offered by wealth managers or part of the overall package. However, the basic principles of investment consulting remain the same. It is about the net returns that the client receives after deducting all expenses and taxes. It is also about matching the desired investment performance to the financial goals of the client. We have discussed these two issues at great length in this useful downloadable guide on improving investment performance for individuals with $5 million to $500 million in investible liquid assets.

Investment management is not about going for the highest rate of return possible without taking into account the risks as well as the financial situation of the client. This happens a lot as big brand-name investment management firms tend to get their asset allocation wrong and invest heavily in one sector or one asset class. When the market crashes, portfolios lose more than half their value. Another mistake many fund managers make is to focus only on returns without keeping an eye on the costs. They try to beat the market by trading frequently and churning portfolios way too often. In the process, they attract short-term capital gains taxes and high fees that the client ultimately ends up paying.

Integrity and Trustworthiness In Wealth Management Atlanta, Georgia

A financial planner is someone who handles your money. Your hard-earned wealth is a very personal and sensitive matter. Therefore, you want your financial planner to have the utmost level of ethics. We have listed numerous examples of how advisors fail the trust and confidence of clients in this complimentary guide on finding the best financial advisor for individuals with $5 million to $500 million in liquid assets. Finding integrity and trustworthiness in wealth management Atlanta, GA firms requires some preparation from your end. You first need to understand what fiduciary means.

A successful investment management Atlanta, GA firm that attracts high net worth and ultra-high net worth clients is often a registered fiduciary. An investment advisor can consider himself/herself a fiduciary when he/she is registered with either the SEC or your state’s regulator. As a fiduciary, the investment advisor is then bound to always act in the client’s best interest. Whenever the advisor sees any potential conflict of interest, then as a registered fiduciary, it is the financial advisor’s responsibility to point out the conflict of interest situation to the client. Speak to Hutch Ashoo to know how Pillar Wealth Management’s fiduciary status helps it offer superior investment management services.

When researching wealth managers, check background records. If the financial advisor is also a certified financial planner (CFP), then a background check for any past or present legal proceeding or unlawful activity record can be done through the CFP Board, FINRA, and insurance/securities department within your state. You can also ask the question about records directly to the financial advisor whenever you conduct a face-to-face meeting (or video conference) with the advisor. That way, you can judge if the advisor is honest with you and develop trust.

High Net Worth Wealth Management Atlanta, GA

As you progress along in your journey to understanding wealth management as well as finding the best high net worth wealth management Atlanta firms, we would like to take a moment to present one option for you to consider. Pillar WM is a fiduciary fee-only wealth management firm focused on offering customized white-glove wealth management services to individuals and families who have $5 million to $500 million in investible liquid assets.

Unlike most wealth management firms, Pillar WM makes the unique commitment of saving its clients $100,000 for every $10 million in assets that it is asked to manage. Pillar WM fulfills this commitment by analyzing where its high net worth and ultra-high net worth clients are overpaying or overspending. It finds more efficient ways of managing investments, structuring taxes, and finding other points that can be improved upon. Planning investment can also be assisted by our team with a highly experienced financial planner.

Pillar WM also believes in constantly updating its clients on the progress of their portfolios and planning. The firm believes that life changes, financial situations change, and therefore investment management decisions have to be constantly revisited. The firm does not prepare financial planning once and then stores it away in a drawer. It does regular stress testing on all client portfolios using 100 years of stock market data. Pillar WM simulates 1000 different high-impact events to see how the portfolio holds up amidst the volatility.

Lastly, Pillar WM works on a fee-only financial planning model, which it believes is significant. A fee-only model is one where the wealth advisor earns only through pre-determined fees. There are no commissions involved. If commissions are part of the process, then there is a chance that certain investment products get “pushed” to the client in the hope of earning a commission.

Tips on finding a top financial advisor

Before we end, we would like to point out a few things that can help you select the right one of several wealth advisors. Firstly, you can begin your search by going to your favorite search engine and looking for investment management firms in the Atlanta, GA, area. When you find results close to your location, explore the websites and see what services are on offer.

After you shortlist a few firms, contact them directly and schedule a one-on-one meeting with the wealth manager. The direct meeting will give you a chance to get a feel of the personality of the wealth manager, his/her background, what motivates him/her to manage high net worth wealth, and whether the required trust level can be established with the wealth manager. As we have pointed out above, trust is critical if you plan to work closely with someone who will manage your money.

It is also a good idea to speak with people you know and asks them if they are aware of any good investment management firms or financial advisors. People in your personal network are more likely to give you honest and unbiased reviews. Plus, if your friends, relatives, or work colleagues are also high net worth individuals, then they may be working with wealth managers who specialize in high net worth and ultra-high net worth accounts.

Hutch Ashoo and Christopher Snyder are the expert founders of independent, fee-only, and fiduciary investment management firm Pillar WM. If you would like to speak with them or ask any questions about how custom and trusted investment management advice is offered to high net worth individuals with $5 million to $500 million in investible assets, then feel free to start a conversation.

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