STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION
7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning
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.
Fremont is a suburb of San Jose and has a population of over 200,000. It is located in Alameda County, a very attractive location to live in California. It is also a quite wealthy suburb, with the median household income currently a little above $125,000.
This is almost three times the national average. Of course, with this affluence comes the need for advice on how to manage, grow, and protect the wealth within high net worth portfolios.This is where financial management firms and wealth management advisors like Pillar come in to play. To reach one of our co-founders to talk about customized portfolio management, schedule a quick introductory call.
As simple as this sounds, the process is much more complex than that. This is especially true when it comes to managing the assets of extremely wealthy individuals. This can be because the plan would involve several factors.
First is the time frame of the goals. There are some goals that you’ll want to achieve in the short-term while others are far off in the future, like creating generational wealth. If your wealth management firm in Fremont is aware of these goals, then they can help you bring them to reality.Talk to Pillar’s co-founders about developing a customized plan around your goals and desires.
Build a Unique Profile
To help you reach your goals, your wealth management firm in Fremont will likely go through a questionnaire with you. The purpose of this questionnaire is to detail your current financial situation, capture your financial goals, and then discover your investment objectives and risk profile.
Your risk profile is one tool that helps your wealth management advisor determine how your assets should be invested to best match your goals. The risk profile that your wealth management advisor matches you with will depend on the stage of life you are, as well as your personal risk appetite.
If you engage with Pillar Wealth Management, the role of risk in our planning process is one area where you’ll see a vast difference between us and most other financial advisors. We do not just trot out five risk profiles and ask you to choose the one that “feels” best to you. We don’t make you choose between ‘aggressive,’ ‘moderate,’ and ‘conservative’ asset allocations.
If you’d like to see what we do that’s so different from other advisors, take a look at this free guide, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity
It reveals why so many financial advisors fail to deliver the long term performance their high net worth clients expected of them, and what you can do differently.
Validate Your Goals
Once your needs have been understood, your wealth management firm will then determine how realistic your goals are. The wealth management advisor may use various tools such as a capital needs analysis to see if you can gather the money that is necessary to reach your goals.
To achieve this, they will cross-check your budget and compare your assets and liabilities to determine the cost of meeting your goals.
After this, your advisor will provide you with an investment policy statement plan.This document will help you understand how your wealth advisor plans to invest your assets to achieve the goals that have already been set. It is the investment plan that will be followed both in the short and the long-term. Pillar’s first step is to create a Wealth Management Analysis. Request yours in your opening call.
Manage Your Investments
Once the investment plan has been approved, your wealth management company in Fremont will start building your Investment Portfolio.
Over time, it is the job of your wealth management firm to keep you informed on how your investmentsare performing. You could hold an annual, quarterly, or semi-annual review with your financial advisor in Fremont.
These review sessions would allow you to discuss the changes that may need to be made to your investment portfolio or strategy in order to ensure that your goals are achieved. These review sessions can be held in person, via videoconferencing, or over the phone.
As you can see, the choice of a wealth management firm and advisor in Fremont is not one that can be made carelessly. Before choosing a wealth management firm, you must ensure you prioritize trust and understanding between you and the wealth management advisor. You must select someone that you are sure would look out for your best interests.
Learn more about how to manage your wealth and investments from professionals in the business. If you’re a high net-worth individual with $5 million to $500 million, schedule your consultation call with Pillar Wealth Management, LLC. ‘s co-founders Hutch Ashoo and Chris Snyder today.
