The Complete Guide to What We Do
People might assume that the more wealth you have, the easier it is to manage it. However, in reality, it’s quite the opposite. With more wealth comes more risk and challenges, and without the proper management and strategies, it can be very easy to lose all of it. That’s why high net worth investors need wealth management Cape Coral instead of going to private banks or brokers. They need someone who is well aware and experienced with the complexity of their financial situation and can assist them accordingly. Investors worth $10 million or more can find such wealth managers and advisors by reading our exclusive guide for choosing the right financial advisors.
Alternatively, we can help you get started on that by recommending Pillar Wealth Management. Our managers have more than thirty years of experience working with affluent clients and gearing them for financial success. We believe in helping our clients get closer to their life goals rather than just focusing on short-term performance numbers. Get in touch with our managers today to start talking about your goals and targets.
In this blog, we’ll be discussing where you can find wealth management Cape Coral, how much it’ll cost you, what services you can expect, and which is the best Cape Coral wealth management firms. Let’s begin.
Table of Contents
Where to Find Wealth Management Cape Coral?
The question you should be asking is not where to find wealth management Cape Coral, but where to find the right wealth management Cape Coral. Wealth management services aren’t hard to find. In fact, you can even find them at some private banks.
However, as a high net worth individual with $5 million to $500 million in liquid assets, you require highly experienced, expert and personalized services that you will only get at the right wealth management firm. So, then how does one find such wealth management Cape Coral?
For starters, you can go through our detailed guide on picking the best financial advisor. Otherwise, you can consider the following factors to help you choose the right firm. Or, if you want an even easier way, reach out to one of our managers who will help you find the right wealth manager for you.
Consider their Experience
Experience means a lot, especially in the wealth management industry. The right degrees and certifications are important as they ensure that the wealth manager has basic knowledge. However, true expertise and skills only come with experience.
When the wealth manager has been offering wealth management services for an adequate amount of time, you can rest assured with the guarantee that they are aware of all the small tips and tricks needed to optimize your portfolio or reduce your tax liabilities. They would have worked with numerous clients over the years, giving them the chance to work on hundreds of portfolios.
They would have seen the trends and changes happening in the market, and they can use all that knowledge to protect and build your wealth. Discover other ways to protect your wealth from our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million.
Ask the Right Questions
The simplest way to find out something about a wealth management firm is to ask them directly. However, if you want the answers you’re looking for, you need to ask the right questions. For instance, as you’ll learn in a minute, the management fee is not the only cost you’ll have to bear. There will be many other costs and expenses.
Accordingly, you need to ask the wealth manager how they plan to minimize these costs. If they can’t tell you how or worse, if they don’t even know about it, it’s a clear sign that they’re not the one for you. Learn about the other warning signs that indicate you’re considering the wrong advisor from our extensive guide on picking the best financial advisors.
Fiduciary Vs. Non-Fiduciary
Another question you can ask them is whether they are a fiduciary or not. This can make a big difference in ensuring that wealth management Cape Coral helps you move closer to your financial goals as soon as possible.
Fiduciary advisors don’t have any conflict of interest, and therefore, they can work with you with their full commitment and dedication to your goals. They will always recommend the best products or strategies according to your targets. Moreover, they will always disclose any relevant information so that you can make a decision with all the knowledge and facts.
Focus on Wealth Management Instead of Investment Management
Unlike big financial institutions, the right wealth management firm will focus on wealth management rather than just investment management. There’s no doubt that investment and portfolio management is an integral part of wealth management, but that’s not all there is to it.
There’s also your retirement plan, estate plan, taxes, cash-flows, and dozens of other things that need to be considered as well. All the aspects of your wealth need to be integrated and dealt with accordingly. You can read more about why performance isn’t all that it’s hyped up to be from our insightful guide on portfolio performance.
How Much Does Wealth Management Cape Coral Cost?
If you’re wondering, how much I must pay for wealth management Cape Coral?, well, the exact amount can vary from firm to firm. On average, most wealth managers charge a fixed percentage, usually around 1%, on the Assets Under Management (AUM). However, the firm’s management fee is not the only cost you’ll have to bear. You will have to pay for the taxes, transaction costs, internal costs, and various other expenses.
Similarly, if the wealth manager adopts an active money management style, that can cost you even more. Find out why that is from our guide on portfolio growth strategies for individuals who have a worth of $5 million to $500 million. Therefore, you need to discuss the entire pricing and cost structure with your wealth manager.
What is Included in Cape Coral Wealth Management Service?
Since wealth management is a comprehensive financial service, it includes various investment, financial and advisory services that account for all your wealth and assets. At Pillar Wealth Management, you can expect the following services and more.
Choosing Cape Coral Best Wealth Management Firms
With wealth management, and more importantly, the right wealth management Cape Coral, you can expect a lot of benefits. With a wealth manager handling your wealth and assets, you will have more time to focus on other aspects of your wealth or hobbies. You can see your wealth growing in a sustainable manner. You can have the peace of mind knowing that your assets are safe from any market volatility or other risks.
Pillar Wealth Management can help you achieve all your short and long-term financial goals and aspirations. Our managers and advisors are always striving to help our affluent clients attain financial security and serenity. This is only possible because of our experience, expertise and complete dedication. Schedule a consultation with us and experience all this yourself.
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