BNP Paribas Wealth Management: A Complete Guide – PillarWM
The task of handling and building wealth is tricky for literally everyone. However, it is much more complex for wealthy and ultra-wealthy individuals and families who own liquid investable assets worth millions. Thus, it is imperative that these individuals and families seek expert financial assistance from wealth management firms like BNP Paribas Wealth Management to help them manage, preserve, and grow their wealth. If you have liquid wealth worth $5 million or above and are looking for financial assistance from an expert, you should request a free copy of our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.
STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION
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.
Table of Contents
Is Wealth Management Worth It?
By this point, you probably have a clear understanding of what wealth management is all about. However, if you are still confused about how you can benefit from wealth management, you should read the following regarding the advantages of obtaining wealth management services from a well-reputed wealth management company.
1. Help with Financial Planning
Perhaps the number one advantage of wealth management is that offers assistance with financial planning. It effectively guides all your financial and investment activities and allows you to stay on track to attaining your goals.
To offer help with financial planning, your wealth manager will invest their time to completely understand your life goals, financial targets, personal circumstances, etc. After getting the important details, they will leverage their skills and knowledge to curate a strategy that aligns with all these factors.
As a matter of fact, after they have developed the appropriate financial plan, they will continue to track your investment performance and alter the strategy if there is any change in your goals or if there are any new developments in market conditions.
2. Ensure You Spend a Worry-Free Retirement
Retirement income planning is a pretty demanding and exhausting task. It is surely not a task you can take up when you just have a couple of years left to retire. Instead, it necessitates several years of comprehensive strategizing.
Thankfully, wealth management firms offer meticulous financial recommendations to make sure you uphold your financial standing even during your retirement. The top wealth management companies will make sure you have an investment plan and an asset allocation strategy that matches up well with your broader financial targets.
At our firm, we can develop a pragmatic and viable strategy to help you live a hassle-free and enjoyable retirement. We have even authored a handy guide outlining the five essential shifts you should make to enhance portfolio performance that will ultimately help you spend a stress-free retirement.
3. Reduce Your Tax Obligation
Taxes are one of the most significant expenses that a high net worth or an ultra-high net worth investor has to deal with. This is because any financial transaction or activity that you take up, whether it is switching investments or transferring property, results in a tax burden. As a result, these taxes can amount to an exorbitant amount each year.
Even though you cannot totally avoid taxes, you can work with a wealth advisor to effectively manage them. Therefore, this is another aspect where you can take advantage of wealth management – it helps to reduce your tax burden.
Our wealth managers account for the tax liability of each financial activity and then take the appropriate steps to reduce it. For instance, we can recommend you move to a state that has a lower tax rate or alter your portfolio strategy. Make sure to read our guide, Improving Portfolio Performance, to find out how our wealth managers can help you reduce your tax burden.
BNP Paribas Wealth Management.
For more than a century, BNP Paribas Wealth Management has been dedicated to securing its clients’ wealth, developing it, and helping them pass it on to their loved ones. The firm offers a tailor-made experience, with excellent attention to detail and accurate, local knowledge supported by its global know-how as an international banking group. Its objective is to establish an innovative wealth management experience suited for a world where digital interactions have come to improve human ones.
In the US, BNP Paribas provides wealth management services via its subsidiary, Bank of the West.
Bank of the West
The wealth management team at Bank of the West collaborates with clients to meet the full range of their financial requirements with solutions ranging from private mortgage banking and deposit services to trust and estate services and investment management.
Private client advisors work as committed overall relationship managers who focus on learning about every wealthy client and their financial goals. With such a holistic picture in place, private client advisors bring together a complete set of solutions and experts from across the bank to help clients get through any financial issues they face.
BNP Paribas Wealth Management Services
Here is a list of services that BNP Paribas Wealth Management offers –
1. Tailor Your Investment Strategy
If you are aiming to manage, personalize, or diversify your financial portfolio, BNP Paribas offers a vast range of solutions, along with first-class recommendations from its team of investment strategists.
2. Develop the Future of Client Wealth
Owing to an international understanding of its clients’ wealth – professional and private – BNP Paribas helps them plan their wealth future and manage their investments, projects, and assets.
BNP Paribas Wealth Management Minimum
Whether you are an entrepreneur or simply want to manage your family’s wealth, a professional or an ultra-high net worth individual trying to make a difference, BNP Paribas offers you professional, appropriate advice, with the objective of giving your wealth the dynamic quality it requires to surpass your expectations.
The minimum account size required to avail yourself of BNP Paribas Wealth Management services is £250,000.
BNP Paribas Wealth Management Careers
BNP Paribas offers job offers in multiple continents, including America, Europe, Africa, and Asia-Pacific. Here are some reasons it provides to encourage people to work for the company.
• It is a responsible and sustainable international leader
• It is a learning company
• It is an open-minded group
• It is becoming a place to work differently.
PillarWM Strategic Asset Allocation
Strategic asset allocation is essentially an investment portfolio approach that aims to develop the right balance between investment risks and return by dividing a portfolio’s assets among major classes like stocks, cash, bonds, real estate, and derivatives. This division, formally known as allocation, is typically performed in alignment with your time horizon, risk tolerance, and obviously, your financial goals.
As every asset category provides varying degrees of return and risk, each will result in different outcomes over time. For instance, if a specific asset class rises in value, another asset class might decrease in value or may not rise by the same amount. Some people believe that this strategy leads to only moderate profits. Nevertheless, for most investors, it is the perfect strategy to avoid a huge loss if things don’t go according to plan in a specific asset class.
Holistically speaking, the right asset allocation strategy divides risk among numerous asset classes that perform independently during different market conditions. For more information about asset allocation and why it is important, read our new book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 Million to $500 Million.
Balanced Asset Allocation
There are various asset allocation techniques that use numerous types of investment tactics to generate capital gains. One of these techniques is the balanced portfolio model that aims to create a perfect balance between long-term capital growth and current income. The ideal result is a combination of assets that creates cash and increases in value over time with little variation in quoted principal value. If you are interested in asset allocation, you should start off by requesting a free copy of our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.
Balanced portfolios generally allocate assets between shares of stock in corporations that pay cash dividends and medium-term investment-grade fixed income obligations. Another element of balanced portfolios is real estate holdings via REITs.
At Pillar Wealth Management, we have been providing tailored asset allocation plans to affluent individuals for over three decades. Contact us today to find out if the balanced asset allocation model is appropriate for your financial requirements and needs.
Hire Pillar Wealth Management for Asset Allocation
At Pillar Wealth Management, we have a combined experience of more than thirty years in providing financial advisory and wealth management services to high net worth and ultra-high net worth families and individuals. We offer you a tailored financial plan that will help you become financially stable and attain financial serenity. So, what are you waiting for? Speak to us to see how we can assist you!
- Société Générale Private Wealth Management – As a high net worth or an ultra-high net worth individual who has invested a lot of time in amassing millions worth of liquid wealth…
- Wells Fargo Asset Management – With so many stocks, bonds, money managers and mutual funds to choose from…
- Barclays Wealth Management – Is your tax burden skyrocketing? Are you struggling to create the perfect portfolio to reach your financial objectives…
- JP Morgan Private Bank – Investors that have accumulated significant wealth from their investments are in a prime position to grow their wealth even further…