Wealth Management Companies Near Me:
The Complete Guide to What We Do
High net worth and ultra-high net worth individuals tend to invest their wealth in a variety of different assets. This is an excellent technique for them to not only secure their wealth but also make it grow. If you’re part of the club who has liquid investable assets valued anywhere between $5 million and $500 million, the biggest question on your mind should be, “Are there wealth management companies near me”? Pillar Wealth Management can provide you with various wealth management services. We highly recommend investors who have $10 million or more to read our special guide and know more asset allocation techniques.
Table of Contents
Strategies For Families Worth $25 Million To $500 Million
The Art of Protecting Ultra-High Net Worth Portfolios and Estates
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.
What Does A Wealth Management Company Do?
If you’ve heard of wealth management companies before, you must now be thinking, “what does a wealth management company do?” At Pillar Wealth Management, we define wealth management as a group of financial services that are developed especially for high net worth and ultra-high net worth clients. Our expert team of wealth managers has more than 60 years of experience in assisting investors who have liquid investable assets valued between $5 million and $500 million.
Here is a list of services that we provide:
- Investment Management
- Tax Management
- Risk Management
- Wealth Transfer
- Asset Allocation Analysis
- Retirement Planning
- Insurance Planning
Are you an investor who’s looking to maximize his/her gains? If so, you will have to allocate your assets optimally. Even though this task sounds simple, it’s actually quite tricky to execute.
At Pillar Wealth Management, our competent wealth managers will study your portfolio in detail and come up with several techniques to maximize your returns. With their in-depth understanding of financial markets and how they operate, they will ensure that you make the right decision regarding your investment. Read our comprehensive guide, Improving Portfolio Performance to know more about boosting your portfolio’s performance.
We know how cumbersome it is to stay updated with market trends. Thus, we highly recommend that you let our experienced team take care of this job for you!
You might be already aware of the taxes you have to pay when you make a gain or when you sell your investment at a profit. But what you probably didn’t know is that several techniques can effectively reduce the amount you have to pay.
Our expert wealth managers will thoroughly go through your portfolio and discover areas where you could save on taxes. Why should you pay more taxes than what you absolutely have to! Register on our website for a free consultation to know more about the tax-saving techniques you can implement.
Moreover, our team will also keep a check on the assets in your portfolio and will inform you if you know any taxes on them. This way you won’t have to worry about delaying or even missing out on your tax payments.
If you’re a high net worth or an ultra-high net worth individual, you can invest in assets from several different markets. But you need to know that your assets are susceptible to plenty of risks. Sudden or unforeseen market shifts can nullify your gains within just a few seconds.
The good news is that you don’t have to worry about this! Our wealth managers at Pillar Wealth Management can help in developing plans and strategies to minimize your risk from such unpredictable market turns.
We will study your portfolio and identify assets that are exposed to risks. Plus, in our guide for investors who have $10 million or more, we talk about why risk tolerance shouldn’t be the most influential factor in your investment strategy.
If you want to diversify your asset portfolio, we can assist you in selecting the right avenues to invest. Using this approach, you can achieve higher gains as opposed to investing arbitrarily in several financial markets. To get more information on the various asset allocation strategies, read our book – The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million.
Once they reach a certain age, several high net worth, and ultra-high net worth individuals transfer a portion of their wealth to their children. Even though this procedure sounds simple and straightforward, it has many inconspicuous risks that you have to factor in your decision-making.
For example, if your assets are connected to your business, you should consider transferring the ownership of your firm to your children. However, you will need to have a complete exit strategy to make sure that your company continues to operate smoothly once you exit.
At Pillar Wealth Management, our expert wealth advisors will help you create a transference strategy to ensure that your business stays secure.
Asset Allocation Analysis
Mastering the art of allocating your assets in the correct places requires a lot of experience. Plenty of investors go wrong in the beginning phase of their careers. But over time, they do learn the skills of investing correctly.
At Pillar Wealth Management, we realize that you lead a busy life, and you don’t have the time to learn the ins and outs of investment decisions. Additionally, making a wrong move can cost you a lot of your hard-earned money. Therefore, we offer you asset allocation services, so you don’t have to spend your precious time developing this skill.
Our wealth managers acknowledge that every high net worth and ultra-high net worth client has their own investment parameters, risk tolerance, and return expectation. Thus, they factor in all of these details when studying your portfolio. This allows them to give you recommendations that are aligned with your personal preferences and needs.
When you retire, you will no longer have an active income source, and you will become dependent on the passive income generated by your investments.
Some investors prefer to spend their retirement with their savings comfortably. But some investors set specific financial targets that they want to achieve after they have retired. Whatever your objective may be, our wealth managers have sufficient experience to guide you.
We will thoroughly analyze your portfolio and devise a practical and realistic strategy to keep your assets secure. Plus, we can even come up with plans that can increase your wealth even after your retirement. Make sure to read our helpful guide to know more about strategies for maximizing portfolio growth.
Every investor needs to prioritize their own wellbeing. However, unpredictable turns in life and tragedies can take place. Such incidents can turn your life upside down and hinder you from getting the financial serenity you always wished for.
Several high net worth and ultra-high net worth individuals invest in disability insurance, long-term care insurance, and life insurance to ensure that their wealth stays safe in case a tragedy happens. Nevertheless, selecting the ideal insurance plan is not a simple job.
Insurance organizations are very adept at convincing clients to take up plans that they don’t need or plans that don’t offer the coverage that is advertised. At Pillar Wealth Management, our wealth advisors will help you make the right choices so that you stay protected in every situation.
Should I See an Accountant or Financial Advisor?
If you’re seeking financial advice, you might be thinking, “Should I see an accountant or a financial advisor?” Depending on your circumstances, you could either need one or the other or even both. To help you understand the difference, here’s a breakdown of when you should see an accountant or financial advisor.
Do You Need A CPA
Most people generally do not need a CPA. However, there are certain situations where you will require their assistance. For instance, you will need an accountant if you:
- Run your own firm
- Have an income of more than $200,000
- Plan to transfer your wealth to your children
- Own rental properties
- Anticipate receiving a significant capital gain.
In simple words, a CPA can help you with specific problems that most people do not face. They can review your tax situation and will assist in structuring your finances. So, if you’re a high net worth or an ultra-high net worth individual, you should consider hiring an accountant to help you comprehend the laws on taxes and bookkeeping.
Moreover, suppose you’re going through a significant life change that can impact your finances, such as buying or selling property, divorce, retirements. In that case, you should hire an accountant to get financial serenity.
At Pillar Wealth Management, we coordinate with CPA’s to ensure that your finances stay secure and develop plans that will help you achieve your long-term financial goals.
Should You See a Financial Advisor
A financial advisor is different from an accountant. If you’re seeking advice related to asset allocation, investment, etc., you should use a financial advisor. Some of the areas that a financial advisor can help you include:
- Investment Planning
- Insurance Planning
- Retirement Planning
At Pillar Wealth Management, our financial advisors can provide you with all of these services and more.
Should I Use a Wealth Management Company?
If the biggest question on your mind right now is, “should I use a wealth management company?” then let us tell you that aren’t alone!
Many high net worth and ultra-high net worth individuals tend to ask this question very frequently. After all, you can avail all of the services highlighted above from several firms throughout the financial industry.
While we agree to this, we want to let you know that our wealth managers at Pillar Wealth Management can assist you with various financial issues. We will analyze your portfolio and evaluate your finances to offer you holistic advice.
We are aware of the fact that many high net worth and ultra-high net worth individuals do not possess complete knowledge of financial markets and investment decisions. Therefore, we prepare strategies that you can easily comprehend and implement.
So, to conclude, you should use a wealth management company if you:
- Own liquid investable assets between $5 million and $500 million and are looking to protect and increase them,
- Are looking to save on fees, expenses, and taxes,
- Are not satisfied with the services you’re getting from your current advisors,
- Are going through a life-changing phase such as divorce, retirement, real estate or business sale, or the loss of a loved one.
Who Are the Best Wealth Management Companies Near Me?
If you have decided to use a wealth management company, you must be wondering, “who are the best wealth management companies?” Well, the answer to your question isn’t that difficult! You can easily find several wealth companies that you can opt for.
Nevertheless, you need to make sure that the wealth management company you use is the right fit for your requirements. Read our useful guide to know how you should choose the right wealth management company for your preferences and needs.
These are the factors that you need to examine when choosing a wealth management company:
One of the most critical things you should see when choosing a wealth management company is the experience they have. If you hire a wealth management companies with inexperienced wealth managers, your assets will be at risk. Amateur wealth managers do not know much about sudden market changes and how to deal with them.
Therefore, you must avail the services of an experienced firm. At Pillar Wealth Management, we have more than 60 years of providing services to high net worth and ultra-high net worth individuals. So, we can surely assist you in making smart investment decisions to ensure that you meet your financial targets. Sign up for a free consultation at our website now to speak to our experienced wealth management advisors.
We strive to offer personalized services to every client that comes our way. We ensure that we listen and understand your unique requirements before offering you financial advice.
Our wealth managers invest a lot of time in studying and analyzing your portfolio to offer you investment strategies that are most appropriate for you.
Last Few Words
At Pillar Wealth Management, our wealth managers have assisted several high net worth and ultra-high net worth clients. We have guided our valued clientele during the 2008 Financial Crisis and are presently working with them to overcome the COVID-19 pandemic. Based on our experience, we believe we are the wealth management company that you can opt for.
So, what are you waiting for? Visit our website NOW and sign up to consult with our expert wealth management advisors. It’s absolutely free, so you have nothing to lose!
- Wealth Management Advisors – Firstly, let’s get one thing straight— it’s almost impossible for you to efficiently and effectively…
- Independent Wealth Management – Wealth accrual is a process that takes many years to carry out. However…
- Wealth Management Advisor Near Me – Are you a high net worth individual who has more than $5 million in investable assets…
- How To Choose A Wealth Manager – If you’re looking to achieve your financial goals and protect your wealth simultaneously…