Citi Wealth Management– PillarWM
Managing and growing wealth can be a tricky task for just about anyone. Nevertheless, it’s much more difficult for high net worth and ultra-high net worth families and individuals who have millions of investable assets at hand. In such cases, these individuals seek professional financial services such as Citi Wealth Management to help them secure and build their wealth. If you own liquid investable assets worth $5 million or more and need expert financial assistance, you should request our book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning, which was written specifically for families with $5 million to $500 million worth of liquid investable assets.
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.
You can also sign up for a free consultation with the experienced and competent financial advisors at Pillar Wealth Management. We are a private, white-glove wealth management firm offering wealth management and other financial services to clients who have liquid investable assets ranging from $5 million to $500 million. Our goal is to develop productive and healthy relationships with our clients and formulate personalized financial plans that best meet their needs and requirements. We offer a wide range of financial advisory, investment management, financial planning, and wealth management services to a set number of individuals and families every year.
Table of Contents
What Is Wealth Management?
Wealth management is a financial advisory service that caters to the needs of wealthy individuals. It follows a consultative process where the financial advisor learns about the client’s requirements and particular situation and uses that information to devise a customized strategy that incorporates a number of financial services and products.
Wealth management usually takes a holistic approach. To fulfill the complex requirements of an affluent client, a wide array of services, including estate planning, investment advice, retirement planning, and tax and accounting services,may be offered. Even though fee structures differ for wealth management services, they generally depend on the client’s assets under management.Contact us today for more information regarding Pillar Wealth Managements services and fee structures.
A Deeper Look at Wealth Management
Contrary to popular belief, wealth management goes beyond investment advice. It encompasses all aspects of an individual’s financial life. Rather than combining bits of advice and numerous products from various professionals, wealthy individuals can benefit from a holistic approach. For this purpose, a wealth manager or advisor coordinates the services required to manage their client’s wealth and curate a strategic plan for their needs – whether it’s business succession planning or helping out with trust and will services.
A lot of wealth managers can offer services in almost every aspect of the financial field. However, some opt to specialize in specific areas, like estate planning.
In some cases, a wealth manager might need to work with external financial professions and the client’s own service experts (for instance, an accountant or attorney) to compose the perfect plan to benefit the client. Moreover, some wealth management advisors also offer banking services or recommendations on charitable activities.
Why You Should Use Wealth Management
At Pillar Wealth Management, we strongly believe clients with a net worth of $5 million or higher should use the services of a wealth management firm to manage their money. Here are some benefits of using a wealth management firm:
1. Eliminate Financial Stress
Wealth managers have deep knowledge about financial uncertainties. They have expertise in the area of critical financial decisions. Moreover, they assist you in prioritizing your financial choices depending on your time horizons.
2. Assist with Investment Management
Investment management entails developing and managing an investment portfolio. It involves buying and selling investment and financial products, curating a comprehensive investment plan, overseeing the portfolio’s asset allocation, tracking investment performance, and making adjustments when required.
At Pillar Wealth Management, we manage the investment portfolios of our wealthy clients. Our team of wealth managers is adept at devising a holistic investment strategy to accomplish a client’s financial objectives. We follow this strategy to allocate the client’s assets among the various investment classes, such as stocks, bonds, etc. In our guide, Improving Portfolio Performance, we discuss more about how we can help you maximize your investment results.
3. Improve Risk Management
Risk management is a crucial element of managing your assets and lowering your investment losses. The more wealth you own, the more time and effort you needto invest to minimize your investment risk. At Pillar Wealth Management, we use numerous strategies to lower risk. For example, we analyze past trends, create an Efficient Frontier in order to boost portfolio performance, and manage risk.
Such techniques help us ensure you attain the maximum possible returns without exceeding your risk profile. For more details about the importance of risk management, order a free copy of our book, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
4. Ensure Effective Allocation of Assets
Having multiple investment options sounds fantastic. Nevertheless, at the same time, you need to ensure you have an adequate amount invested in the three primary asset categories – bonds, stocks, and cash.
A proper allocation of assets is key to safe guarding your investment gains amidst dynamic market circumstances. It can even have a major impact on your investment risk.
In addition, a wealth management advisor can even allow you to make other essential shifts. To know what these shifts entail, make sure to read our guide that discusses the five key shifts that influence your portfolio results.
Does Citibank Offer Wealth Management?
Citibank is popularly believed to offer banking and other related services. While Citibank does offer banking services, it alsooffers a number of wealth management services.
Through its Citigold, Citi Priority, and Citigold Private Client offerings, Citi’s Global Consumer Bank offers institutional level, personalized wealth management services to its clients, which encompasses fund access, a dedicated wealth team, and a number of exclusive benefits, such as preferred pricing, along with privileges to clients all over the world. The unit has nearly $200 billion in investment assets under management worldwide and serves clients in Europe, the US, Mexico, Asia, and the Middle East.
Citi’s Private Bank is committed to assisting the world’s most affluent families and individuals secure and build their wealth responsibly. Withtotal client business worth approximately $550 billion, Citi Private Bank caters to over 13,000 ultra-high net worth clients, which includes 25 percent of the world’s billionaires and over 1,400 family offices in more than 100 countries.
What Is Citi Personal Wealth Management?
Citi Personal Wealth Management is the financial advisory branch of Citi, a global financial services firm. The company’s headquarters is located in New York City,and it has a huge network of experts specializing in financial planning.
Citi Personal Wealth Management clients are usually Citigroup Global Markets Inc.’s clients.Many of the company’s clients are individuals. However, it also caters to high net worth individuals. It even offers its services to charitable organizations, settlement trust accounts, corporations, municipal or state government entities, and profit-sharing and pension plans.
Citi Personal Wealth Management – Minimum Account Size
Citi Personal Wealth Management has account minimums depending on the type of service you choose. It doesn’t necessarily require a fixed minimum for its financial planning services. However, it does state that the majority of its financial planning clients have a minimum net worth of $250,000.
Also, Citi’s Private Banking clients typically need $500,000, whereas Citi Wealth clients need to have $50,000 or $100,000 for multi-style accounts.
Citi Wealth Management Clients
Citi Personal Wealth Management provides financial advisory services to a number of clients, which includes multi-family businesses and individuals. It offers its financial planning services solely to existing Citigroup Global Markets Inc.’s clients.
Moreover, Citi also caters to a wide variety of institutional customers. For instance, it provides its investment programs to charitable organizations, foundations, corporations, government entities, and other businesses.
Citi Personal Wealth Management Services
Citi Personal Wealth Management offers an extensive range of services. These include retirement planning, estate planning, financial planning, investment management, wealth protection, education planning, and investment advisory programs.
Several Wall Street financial firms provide an array of wealth management services. Nevertheless, a boutique firm can offer all these wealth management services in a highly customized fashion. Since the niche firms don’t target high volumes, they can go into greater depth with every client portfolio and assist their clients in making the right financial decisions.
Thus, while assessing the services provided by a wealth management company, you should also take a look at how it will provide these services to you.
Citi Personal Wealth Management Investment Philosophy
Citi Personal Wealth Management’s financial advisory branch is generally focused on developing a holistic personal financial profile for all the clients it caters to. This profile entails details regarding a client’s income, liabilities, assets, expenses, tax status, goals, along with long-term financial goals such as paying college tuition and retirement planning. It even encompasses estate planning and insurance needs.
Clients with a financial strategy can then work with Citigroup Global Markets, Inc. to execute the plan formulated by the advisor at Citi Personal Wealth Management.
Why You Should Choose Pillar Wealth Management
If you’re a high net worth or an ultra-high net individual, you can significantly benefit by working with a wealth manager at Pillar Wealth Management. Here are some reasons why you should choose our services.
1. Decades of Experience
The most crucial factor that determines the reliability and credibility of a financial advisor is their experience in the industry. In fact, it is their experience that allows a wealth manager to determine what affluent investors actually want.
At Pillar Wealth Management, our wealth managers possess a combined experience of over sixty years in assisting wealthy individuals in attaining their investment and financial targets. Moreover, our experience has also helped us in broadening our knowledge base and enhancing the services we deliver. Visit our website to schedule a meeting with one of our wealth managers today!
2. High Degree of Personalization
At Pillar Wealth Management, we take pride in curating personalized wealth and financial plans that align with our client’s goals, requirements, risk profile, and time horizons. Our approach significantly differs from that of large Wall Street companies that offer standard run-of-the-mill plans to all their clients, regardless of their needs and investment profiles.
We know how important it is to evaluate each client separately and provide customized financial plans to aid them in attaining their goals. As a matter of fact, we only on boarded 17 new clients last year so that we could cater to every one of them individually.
3. Help You Reach Financial Serenity
Every individual on this planet aims to reach a point where they’re financially stable and don’t have to worry about their finances. However, reaching financial serenity is much tougher for high net worth and ultra-high net worth individuals.
A well-reputed, competent, and experienced wealth management firm like Pillar Wealth Management will ensure that you attain financial serenity so you can live the life you always dreamed of without experiencing any financial problems.
4. Range of Services
At Pillar Wealth Management, we specialize in providing a wide range of services that many other financial services firms do not provide. For instance, we offer services like retirement planning, insurance planning, estate planning, and tax planning and management.
You can avail yourself of our services to attain various goals, such as engaging in philanthropic activities, spending a comfortable retirement, and leaving a huge inheritance for your kids. If you wish to invest $5 million or more, don’t forget to request a free copy of our new book, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.
Choosing the right financial advisor plays a major role in proper wealth management. At Pillar Wealth Management, our team will learn about your financial objectives and assist you in developing plans and strategies to attain those goals.
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