Carson Wealth Management Benefits for Investors – PillarWM
Building wealth can be a time-consuming process that requires patience and planning. You will need to maintain discipline and stick with your chosen strategy to maximize your potential. However, investors should also focus on protecting their wealth. Many turn to wealth management firms such as Carson Wealth Management for assistance in this area. If you are seeking advice on a portfolio of $5+ million in liquid investment assets, please request a free copy of our 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.
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
What is Wealth Management?
The term “wealth management” means different things depending on who you ask. However, in the financial world, it refers to a collection of services related to building and protecting wealth. At Pillar Wealth Management, we specialize in helping investors with $5 million to $500 million in liquid assets. Please talk with our wealth management experts to learn more about wealth management.
Wealth management firms employ wealth managers. These are financial professionals that are knowledgeable in a variety of areas. They can offer advice related to investments and also create plans to help you achieve your financial goals.
Some of the services wealth managers provide include:
• Portfolio Analysis
• Asset Management
• Retirement Planning
• Estate Planning
• Insurance Planning
• Tax Planning
Portfolio analysis services are vital for any investor that wishes to grow and protect their wealth. The wealth manager can study your portfolio carefully and identify any risks or areas that require improvement. They may then suggest strategies to improve your portfolio’s performance. We talk about some great portfolio performance improvement strategies in our special guide.
It can be hard to manage your portfolio by yourself once it grows large enough. This is a common problem that many investors face. Luckily, a wealth manager can help take care of some of these tasks for you.
A qualified wealth manager can conduct trading activities that are in line with your portfolio goals. They may check with you before making any key decisions. However, they can offer to take greater control of your portfolio and offer periodic updates when needed. Such services are vital for any investor that wishes to expand their portfolio without spending too much time managing their existing assets. We discuss some tried and tested portfolio expansion strategies in our special guide.
You can achieve your dream retirement with the right planning. Wealth managers who offer retirement planning services can listen to your retirement needs and create strategies accordingly. This includes:
• Helping you estimate your expenses in retirement.
• Assessing your retirement income sources.
• Helping you create a budget in the present to boost your savings.
Investors that wish to pass their wealth onto their children and beneficiaries can use a wealth manager’s estate planning services. The right wealth manager can help you create a robust will that ensures a seamless transfer of wealth to your beneficiaries. In addition to this, they can help you set up trusts to keep your wealth safe. Please speak with our wealth managers to learn more about estate planning.
Keeping your wealth safe is of utmost importance for any investor. After all, why risk losing the things you have earned over the course of decades? The truth is that unexpected tragedy can strike at any time, and you may lose part of your wealth because of it. One of the best ways to keep yourself and your family protected is with insurance.
A wealth manager can help you choose insurance policies that offer wide coverage. The right insurance plan provides peace of mind and allows you to continue with your wealth-building activities unfazed.
Every investor must pay their fair share of taxes on their investments. However, few realize the many ways they can lower their taxes. Tax planning services help you do just this. A wealth manager can analyze your portfolio and offer advice on how you can legally reduce the taxes you owe.
They may advise you to invest in a particular type of asset or even shift your state of residence to one with lower taxes.
What is Carson Wealth Management?
Carson Wealth Management is an Omaha-based investment advisory firm that manages investment portfolios for individuals as well as high net worth families. The services offered by Carson Wealth Management include:
• Financial planning
• Estate planning
• Tax planning
• Business planning
• Retirement planning
• Investment management
• Private client services
Each of these services can benefit investors in some way. Therefore, you should consider looking into hiring a wealth management firm for your needs.
What Type of Clients Do Wealth Managers Accept?
Wealth managers differ from ordinary financial advisors in that they tend to be picky about the clients to whom they offer services. For example, at Pillar Wealth Management, we offer services exclusively for high net worth and ultra-high net worth individuals. If you possess investible assets of $25+ million, you may want to receive a free copy our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
So,what types of clients does Carson Wealth accept? The vast majority of Carson Wealth’s clients are non-high net worth individuals. However, they do extend their services to high net worth individuals as well. The minimum asset value you need to possess to use their services varies depending on the type of investing program you intend to use.
What are a Wealth Manager’s Fees?
Wealth managers are special in the financial world because they charge their clients an annual fee based on the value of their portfolios. This fee structure is generally straightforward. However, it is important to read the firm’s terms and conditions carefully before hiring them.
So,what are the fees under Carson Wealth? This firm charges a negotiable rate that varies depending on a number of factors. This includes:
• The advisor you will be using
• Your portfolio’s value
• Your portfolio’s complexity
• Frequency of trading activities
• Additional services
The maximum rate you can expect to pay at Carson Wealth is 2.5%.
Is it Worth it to Use a Wealth Manager?
After learning about wealth management fees, you might be wondering if it is worth hiring a wealth manager. A significant percentage of investors use wealth management services because their benefits greatly outweigh their costs. Please get in touch with us to learn how wealth management can help you.
Some of the benefits of using a wealth manager include:
Learning About Your Financial Health
As an investor, you may be earning income in a variety of ways. You may have your own business, or you may own assets in a variety of industries. Similarly, you may also have a high-expenditure lifestyle. All these factors can make it difficult for you to get a clear picture of your finances.
A wealth manager can help demystify your finances so that you understand them better. You can then use this information when planning for the future. Learn about financial planning by requesting a free copy of our 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.
As mentioned earlier, a wealth manager can analyze your portfolio and identify any risks that may be present. The truth is that all portfolios carry some risks. A wealth manager can help you understand these risks and offer advice on ways to reduce them. This is a crucial aspect of wealth protection, so a wealth manager can be invaluable in this area.
Achieving Your Financial Goals
Everyone has some financial goals they wish to achieve by a certain point. Some would like to be multi-millionaires by the time they are 30. Others would like to retire with $5+ million in savings. Setting a goal is easy. However, actually achieving it can be very difficult.
A wealth manager can help you achieve each of your financial goals using a manageable route. They can predict the various hurdles you are likely to encounter and offer mitigation strategies.
Assistance With Advanced Strategies
You may already have experience with trading assets or expanding your portfolio. However, it is always useful to seek advice from professionals that are well-versed in asset management.
A wealth manager can help you carry out advanced financial strategies. They may suggest such strategies to help you meet your financial goals. They can guide you on the various steps involved and simplify the process to fit your limited understanding of finance.
What to Look For in a Wealth Manager?
If you intend to hire a wealth management firm in the near future, you should understand the qualities of a good wealth manager. This includes:
Few things count more than experience in the wealth management world. After all, these professionals gain much of their expertise by helping clients over the years. This means the best wealth managers are often the ones with the most experience.
When choosing a wealth manager, you should ensure they have been practicing for many years or even decades.
A wealth manager is essentially a type of financial advisor. They give advice in a variety of areas. Therefore, they are expected to be knowledgeable in said areas. Most wealth managers possess a degree in finance or a related field. However, it is the knowledge they gain on the job that tends to be most valuable. You can ask a wealth manager some of the questions we include in our guide to choosing a financial advisor to gauge their expertise.
You may need to maintain close communication with your wealth manager depending on the type of services you are using. After all, who better to seek advice from before making an important decision?
A wealth manager who is difficult to reach or doesn’t keep in touch won’t be worth your time. You won’t be able to rely on such professionals for time-critical decisions. It may help to read the reviews for a wealth manager to gauge their reliability and communication.
No two investors are alike. This means one-size-fits-all solutions are best avoided in the wealth management world. A great wealth manager will take the time to understand your special needs and financial goals. They will then create a personalized plan to help you meet these goals.
Why Choose Pillar Wealth Management
There are plenty of great wealth management firms out there. Many strive to match Pillar Wealth Management in terms of service quality. However, few can keep up with our range of services.
We always place the needs of our clientele above our own and strive to provide each one with personalized attention. Our wealth managers have over six decades of industry experience and understand the various needs and goals that investors have.
We ensure our wealth managers are always easy to reach. They can help you work towards your financial goals in an easy-to-follow manner. Please set up a free introductory meeting with us to get started with wealth management.
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