The single most important factor when searching for a Milpitas wealth management company is that they are private and independent. You want much more than just that, but that’s your first non-negotiable. To see why, we strongly recommend this unparalleled free guide written for investors with $10 million or more –The Ultimate Guide to Choosing the Best Financial Advisor. Whether it leads you to Pillar Wealth Management or not, every high net worth person should read this. Pillar works exclusively with households who have $5 million to $500 million in liquid investable assets.
Located in Santa Clara County of California, Milpitas is a town with a population of just over 75,000 residents. The town has a suburban feel, and there are many parks, coffee shops, and other relaxation spots.
Milpitas is a quite wealthy town, with the median household income being more than double the national median household income. If you are trying to plan your investments for a portfolio that is $10+ million, then check here to see which wealth management milpitas planning option is right for you.
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If you reside in the Milpitas area and own a considerable amount of personal wealth, then you’ll need wealth management services in Milpitas.
However, you may also want to know the various options that are available for managing your wealth. You should also know how to select the perfect wealth manager in Milpitas for your finances.
To see how Pillar Wealth Management creates 100% customized plans for each of our high and ultra-high net worth clients, schedule your free consultation co-founders Hutch Ashoo and Chris Snyder to discover how we specialize in managing wealth for multi-millionaires.
Specific things to look for in a wealth manager located in Milpitas
There is a lot to consider if you want to succeed and remain financially successful in Milpitas. You, just like everyone else, will have unique financial needs at different points of your life.
As you transition through various life stages, your goals and life situation will change. Therefore, you should work with a wealth manager in Milpitas who has developed and fine-tuned a proven process for creating fully customized plans that adapt, grow, and react as your situation changes, always assuring you that you are on track to exceed all your financial and lifestyle goals and dreams.
These are some of the distinct roles wealth managers can play in your life. That’s why you want to ensure that you select the best wealth manager for your finances. Selecting a wealth management firm or manager that is not right for you can be extremely detrimental.
Bad financial advice can cause you to lose money or gain much less than you should, and the loss can be more significant if you own a large portfolio. For example, a 2% loss on a $10 million portfolio is a $200,000 loss.
To blow open the doors and find out what’s really involve with selecting a wealth advisor in Milpitas, we again urge you to get this valuable resource, The Ultimate Guide to Choosing the Best Financial Advisor: For Investors with $5 Million to $500 Million in Liquid Assets.
It will explain the steps and considerations behind selecting the right Bay Area investment advisor. You can also get a lot of your questions answered by talking to one of our co-founders, which you can do today.
The Role of a Wealth Manager
Let’s face it, if managing wealth was easy, more millionaires would become billionaires. Obviouslythis is not the case, and managing finances to create long term wealth can be difficult. Living out your lifestyle dreams becomes much easier when you have an excellent wealth advisor in Milpitas.
Performance is about much more than raw rates of growth, and the right wealth manager should have a proven process for managing all aspects of your wealth – from creation to growth to protection to distribution. How you do this will define your life – even after you’re one.
We are intensely passionate about this subject, so much that we wrote our signature work on the subject. Now, you can request a complimentary copy of our book – The Art of Protecting Ultra-High Net Worth Portfolios and Estates: Strategies for Families Worth $25 Million to $500 Million.
Of course, you can decide to manage your wealth and investment by yourself. In fact, it is cheaper in the short term because you get to save on fees that you’ll have paid for working with an advisor.
On the other hand, managing wealth, especially for high net-worth individuals, requires specialized knowledge and skills across multiple fields.
See if you can list out your long-term goals, and develop a plan that assures you of exceeding all of them. And don’t forget taxes – estate taxes (state and federal), capital gains, income, business, consequences of required distributions – and oftentimes many others depending where you live and all the places your wealth has been placed.
Building and maintain wealth from your youth to old age, creating generational wealth, and passing on your assets to legacy are several considerations that you should have.
It’s a lot, and if you don’t want to wait any longer, schedule a free opening call with Pillar’s co-founders today.
What Stands in Your Way
Do you have the required knowledge and skills to make these goals a reality? You will, at least, require extensive knowledge of tax and estate planning, investment diversification and management, insurance, and a lot more fields.
Many people do not have the required skills; neither do they have the time to acquire them without it reducing their quality of life.
It doesn’t take much to gain a greater appreciation for what it takes to do comprehensive wealth management planning, and more importantly – what’s at stake in your life. Your simplest step would be to get and read this free guide, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity.
It is an excellent resource for those who would like to learn what other multi-millionaires are currently doing to grow and maintain their wealth.
The Mark of Trust for a Wealth Management Company
A financial advisor in Milpitas will perform functions like that of a financial planner and investment broker. The best ones are employed by companies that are known as Registered Investment Advisors (RIA).
For a business to become an RIA, the owner must complete an exam, and after passing the exam, registers the company with either the state government or the Securities and Exchange Commission.
Once the RIA is registered, the company must follow certain guidelines. Of the guidelines, the most important one, and probably the one that will interest you the most, is what is known as fiduciary duty.
Fiduciary duty is the responsibility of the RIA and the wealth advisor to act within your best interest instead of theirs. This is important because wealth managers often manage the entire portfolios of their clients, millions of dollars. Due to this, advisors must act within their client’s best interest whenever they are suggesting, buying, or selling any financial product.
But fiduciary duty isn’t just about being honest. Your best interests involve much more than not getting scammed. That low bar can be met by almost anyone. A wealth management firm like Pillar that takes the fiduciary duty very seriously uses this same thinking when we create customized financial plans for our high net worth clients.
It is in your interests to protect and growth your wealth, and to exceed all your greatest lifestyle dreams and goals.
This fiduciary obligation is one of the main things that makes wealth managers distinct from other professionals in the financial industry, such as investment brokers and financial planners. It is also why you should work with an RIA, especially if you are an affluent investor with up to $10 million to invest.
Wealth Management Milpitas
If you are searching for a wealth manager to help manage between $5 million and $500 million in liquid assets, then consider working with Pillar Wealth Management, LLC.
Our co-founders Hutch Ashoo and Chris Snyder, are offering no-obligation consultations for affluent individuals whowant wealth management services. Schedule your consultation with our wealth management company today.