Big Net Worth Wealth Management and Protection – PillarWM

Wealthy investors aspire to grow and protect their wealth in different ways. Many of them wish to attain a big net worth by the time they retire. This allows them to live out their dream retirement without worrying about downgrading their lifestyle. If you require assistance with building your net worth and achieving your financial goals, please reach out to Pillar Wealth Management. Our wealth managers possess expertise in a variety of areas and can create personalized plans to help you achieve your goals. You can familiarize yourself with some of our investment management strategies by requesting a free copy of our new book for investors 7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning For Families With Liquid Investable Portfolios Between $5 Million and $500 Million.

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.

CLICK HERE to qualify for your FREE COPY of this Book

Pillar Wealth Management has vast experience in assisting affluent clients with estate planning as a fiduciary, fee-only, private wealth management firm. Our wealth managers understand how estate taxes affect high-net-worth individuals. They will assess which estate tax reduction strategies are appropriate for your specific financial situation. If you are seeking to invest between 5 million to 500 million dollars while mitigating your taxes, you can reach out to us for expert advice. You can schedule a talk with us today to get started!

By working with a professional, you are granted the advantage of being informed of the new rules for estate and tax planning, learning about the strategies used intax estate and financial planning for the elderly, and receiving answers to numerous CFP tax and estate planning questions.

Table of Contents
Tax and Estate Planning Estate Tax Planning Why Do You Need Tax and Estate Planning? Who Can Help You with Tax and Estate Planning? Last Words

What is a Big Net Worth?

All investors have some goal in mind with regards to the net worth they wish to achieve. Some wish to gain a high net worth, while others aim for ultra-high net worth. Each of these terms has set definitions. Please talk with one of our wealth managers to learn about the importance of net worth.

A person who is said to have a “high net worth” typically has between $1 million and $30 million in investable assets. Investors with investable assets worth $30 million or more can be classified as “ultra-high net worth.”

By contrast, there is no universally agreed upon big net worth definition. Someone may believe they have a big net worth once they have $500,000 in investable assets. Another person may believe they have attained “big net worth” status when they have accrued $20 million in investable assets.

When setting up your net worth goals for the future, it may be better to think of a number target for how much wealth you wish to accrue. This gives you a more concrete goal to work towards than simply striving for a “big net worth.”

Habits of Big Net Worth Individuals

Many big net worth individuals earned their wealth through various means. However, there are certain big net worth habit that may lend insight into how these individuals grew their wealth. Some of these include:

Living in the Future

Big net worth individuals are always looking ahead for the next big thing. They then structure their financial goals around these new things.

Living Minimally

People often assume that all wealthy individuals throw away money on unnecessary things. This is untrue, as plenty of rich people live minimally, and avoid spending on things they do not need. This practice may also help explain how they grew their wealth over time.

Read Daily

Big net worth individuals also strive to read daily. Learning tends to be a continuous process, and you should attempt to increase your knowledge a little each day.

Show Gratitude

Showing gratitude is also important for people with a big net worth. Many investors donate to charities or philanthropic causes dear to them. This offers them a feeling of satisfaction and builds good karma that may pay off in the future.

Exercise Regularly

Exercising regularly is also important for big net worth individuals. After all, a healthy body leads to a healthy mind. You need your mind to be at its best to make important financial decisions.[/vc_wp_text][vc_wp_text]

Challenges of Having a Big Net Worth

Investors with a big net worth still face many problems that people with an average net worth experience. However, their wealth may offer them some solutions for these problems.

Some of the challenges of having a big net worth include:

Knowing Where to Invest

As a wealthy investor, you may already be familiar with various investment strategies. You might have a preference for certain types of assets for your portfolio. However, you may still have trouble with branching out into new areas.

You should avoid blindly investing in an unfamiliar market, as you may not be aware of the risks present. These risks can jeopardize your portfolio and lead to rapid financial losses in a relatively short period. Investors can learn about some tried and tested portfolio expansion strategies by reading our special guide.

Maximizing Your Portfolio Returns

The secret to growing your wealth continually is to make your money work for you. Most investors realize this and strive to invest in assets that offer high returns. However, you may still struggle to maximize your portfolio returns. Why settle for good returns when you could potentially earn great returns?

This does require you to analyze your portfolio and identify any inefficiencies present. You can learn some great ways to improve your portfolio performance by reading our guide.

Planning For Retirement

People that enjoy the big net worth lifestyle will still need to plan for their eventual retirement. This is vital, as you may not be able to maintain your high-spending lifestyle without earning an active income from your job. Nobody wants to downgrade their lifestyle, but you may need to if you wish to stretch out your savings for as long as possible.

Wealthy investors who wish to plan for retirement will need to choose a suitable retirement savings fund and invest in assets that will offer them passive income. Please talk with one of our wealth managers to learn more about our retirement planning services.

Passing On Your Wealth

Many investors work hard to earn money so that they can provide a better life for their families. However, you may have difficulty passing on your wealth to your children and beneficiaries if you do not have a robust estate plan in place.

If you pass away without creating a will, your wealth will be managed and distributed by the court system. This could lead to undesirable outcomes where your children do not receive the cut you intended for them to receive. In addition to this, you may lose part of your wealth to legal costs.

How a Wealth Manager Can Help Big Net Worth Investors

Big net worth investors can overcome many of the aforementioned challenges with a wealth manager’s help. These are financial professionals who offer a variety of services for wealthy investors. Some of these services include:

Asset Management

Managing a large portfolio by yourself can be challenging. You can entrust a wealth manager to manage many of your assets on your behalf. The right wealth manager can monitor your assets and conduct buying, selling, and trading activities with minimal involvement on your part. They can offer regular updates on your portfolio performance so that you can focus on other wealth-building activities. You can learn more about asset management by requesting a free copy of our new book 7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning For Families With Liquid Investable Portfolios Between $5 Million and $500 Million.

Portfolio Analysis

A wealth manager can also offer to analyze your portfolio to identify risks and efficiencies. This service is useful for optimizing your portfolio performance and managing any potential dangers present. If the wealth manager feels you could improve your portfolio performance in certain ways, they may recommend strategies for you to take.

Retirement Planning

A wealth manager can also help you create a retirement plan that takes your big net worth lifestyle into account. They can teach you where you should invest your savings to help them grow. They can also recommend stable assets that offer steady returns during retirement.

Estate Planning

A wealth manager can also offer estate planning services. This includes will creation and helping you set up trusts that ensure your wealth is kept safe for your children and beneficiaries. They can also recommend ways to minimize taxes on your estate following your passing.[/vc_wp_text][vc_wp_text]

How to Find the Right Wealth Manager?

There are plenty of wealth managers out there who offer services for big net worth investors. However, you may have trouble finding the right person to assist you if you haven’t used wealth management services before. Some steps to find a suitable wealth manager include:

Scouring the Internet

Most wealth managers and wealth management firms maintain a digital presence in the 21st century. You can look up the many wealth managers who offer their services in your area by performing a quick Google search.

You may also be able to look up multiple wealth managers in a wealth management firm’s directory. This route may be useful if you are interested in using a wealth manager from a trusted firm which has been around for many decades.

Read Reviews

It is also important for big net worth investors to read reviews for a wealth manager before hiring them. This can help you filter out the good wealth managers from the less qualified or less reputable ones.

Speak with the Manager

Once you have read enough reviews for the wealth manager, you should ask to speak with them. Try setting up a meeting or a phone call with them and try to assess their expertise. You can speak to our wealth managers by setting up a free appointment.

When speaking with the wealth manager, you should ask them about the various services they offer and how they can assist you with your financial goals. You can also ask them some of the questions we discuss in our guide to choosing a financial advisor.

The above steps should help big net worth investors narrow down their wealth manager choices to find the right person for the job. However, you should remember to ask the wealth managers about their fees.

Most wealth managers charge a fixed annual fee that is based on the value of assets they are managing for you. You should then read their terms and conditions carefully to ensure that there are no hidden charges.

Why Choose Pillar Wealth Management?

Big net worth investors across the country choose us for wealth management. This is because they trust the expertise we have gained from our six decades of industry experience. In addition to this, we strive to offer each of our clients personalized services.

Our wealth managers take the time to understand your unique financial background and goals before offering solutions tailored specifically for you. You can reach out to our wealth managers for assistance whenever you need to. We keep our fee structure transparent so that you never have to worry about hidden charges or fees.

If you would like to increase your net worth or simply protect the wealth you currently own, Pillar Wealth Management should be one of your first choices. Please visit our website and set up a free appointment with us to get started with our wealth management services.

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.

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.