Wealth management Lehigh Acres:
The Complete Guide to What We Do
For high net worth and ultra-high net worth families, achieving that much wealth isn’t an easy task. However, losing that status is one of the easiest things in the world. A sudden change in the market, an unforeseen critical illness, or even a recession in the economy can lead to high net worth families losing a significant portion of their wealth or going bankrupt altogether. That’s why they need wealth management Lehigh Acres to help build and preserve all their wealth. As a high net worth individual You need the right insurance plans and strategies that only the best financial advisors can develop, and you can read more about this from our extensive guide for investors worth $10 million or more.
Naturally, your next question might be where to find wealth management Lehigh Acres that can protect your wealth and assets. Finding the right one isn’t easy, but you can start by considering Pillar Wealth Management. We have been helping affluent clients protect their wealth as well as grow their wealth in a sustainable way for more than sixty years combined. We use more than 100 years of market data, our experience and in-depth knowledge to study the market and industry conditions to devise the right strategies and personalized solutions for each client. Get in touch with us today to learn more about how we protect your assets.
In this blog, we’ll be discussing how high net worth families can protect their assets through Lehigh Acres best wealth management. Let’s dive right in.
Table of Contents
How to Protect Your Assets with Wealth Management Lehigh Acres
Wealth management firms carefully consider your unique financial situation as well as the external industry and market to ensure that they account for all risks and dangers that could hurt your financial position. Here are some of the strategies they employ.
Alternatively, you can also go through our book for more insights, The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million.
Comprehensive Financial Planning
When done right, comprehensive financial planning can save you from a lot of sudden changes in your life or outside of it that could potentially affect your wealth.
Comprehensive financial planning involves keeping track of all your wealth, various assets, philanthropic activities, and your overall short and long-term financial goals and aspirations. It considers your entire financial and life situation, including your family size and retirement goals, and devises the right strategy to effectively manage all of it. Read about why this is crucial from our guide on portfolio growth and maximizing its strategies.
More importantly, when you have the right financial advisor, they won’t just draft a financial plan once and lock it away in some drawer forever. Instead, according to how your life and needs change and the market evolves, they will continuously keep revising the plan to better meet your goals and protect your wealth from any upcoming risks. Learn how to find such advisors from our exclusive guide for high net worth families.
Diversifying Your Assets the Right Way
Diversification is a good tactic to protect your assets from market volatility. But it only works if you do it the right way. Some people tend to diversify their investments by placing them within different financial institutions but in the same type of security or asset. Not only does this not protect your assets, but it also simply drives up your costs and makes your portfolio performance inefficient.
Only the best financial advisors, as you will learn from our guide, can help investors worth $10 million or more help protect their assets the right way. This involves consolidating all your assets into one firm but diversifying the kind of investments you make. This will keep your other investments safe if sudden market volatility affects a certain investment product.
Risks and dangers don’t always come from the outside. Sometimes, a sudden event within your family can also cause a lot of financial turmoil. For instance, a sudden critical and chronic illness, the death of a loved one, or even a marriage or divorce can put your assets at risk. That’s why wealth managers carry out insurance planning to account for these events and save you from significant losses. Reach out to our managers to get started on your insurance planning.
How Much I Must Pay for Wealth Management Lehigh Acres
Most wealth management firms include risk management and insurance planning in their Lehigh Acres wealth management service. They charge a fixed percentage, which is usually around 1% on the Assets Under Management (AUM). However, this is probably a small cost to pay to ensure the safety and security of your wealth for decades to come. Find out why we say this by scheduling a meeting with our managers today.
Choosing Lehigh Acres Best Wealth Management
As we’ve mentioned several times, you will find a lot of firms promising to build and grow your wealth. However, only the best wealth management Lehigh Acres firm will know to build as well as preserve your wealth for the rest of your life and even after that.
Pillar Wealth Management offers a vast range of financial and advisory services, including investment management, tax planning, and risk management. Our main focus is to help our clients achieve their goals, and that’s why we don’t just bother with portfolio performance but also focus on how to protect that portfolio. Read more about why that matters from our detailed guide or schedule a consultation session with us to discuss how to protect your wealth and assets.
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