San Francisco Wealth Management Services for Affluent Individuals

Are you struggling to create the ideal portfolio according to your goals? Is your tax bill becoming larger and larger every year? Do you find it hard to find the time to look over your wealth and assets properly? Then, it’s time you get San Francisco wealth management services to take care of all your financial concerns, grow your wealth sustainably, and protect your assets. Hiring the right wealth management services and financial advisor is crucial for high-net-worth individuals with $5 million or more in liquid assets. That’s why we suggest requesting our complete guide on high net worth investment planning, estate and tax strategies to learn about the benefits and pitfalls you need to watch out for.

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.

Moreover, when you’re looking for the best San Francisco wealth management services, you must consider Pillar Wealth Management. We are a private firm exclusively serving high-net-worth clients with $5 million to $500 million in liquid assets for more than three decades. Our financial advisors and wealth managers are highly skilled and experienced with the unique challenges faced by wealthy individuals and families. We use a wide range of services and tools to develop personalized financial solutions for our affluent clients so that they can meet all their goals and achieve financial security. Set up a no-obligation meeting with Pillar Wealth Management today to get started on your wealth management.

In this blog, we’ll be covering what San Francisco wealth management entails, where you can get it for free, and how to pick the right firm according to your needs. Let’s get started.

San Francisco Wealth Management

What Does Wealth Management at San Francisco Do?

Unlike other financial services such as those at banks or investment houses, with San Francisco wealth management, you get complete and comprehensive financial services that cover all aspects of your wealth. It covers all your incomes as well as expenses.

It focuses on your short-term as well as long-term goals. It also takes into account your financial targets and non-financial targets as well such as if you have any philanthropic plans. Here are some of the key services you can expect with San Francisco wealth management.

Financial Planning

This is one of the most major aspects of wealth management. It gives direction to all your financial activities and efforts and helps ensure that you are always on track to achieving your goals. Financial planning also helps establish a better relationship between you and your financial advisor.

Just for this step alone, your advisor will spend hours and hours with you to fully understand all your life goals, financial targets, any concerns you may have, your personal circumstances, and so on. Then, based on these factors and using their superior skills and knowledge, they will help develop a plan that takes into account all these factors.

Furthermore, once they have developed the financial plan, they also take the responsibility of constantly evaluating your progress against it and adjusting the plan according to market changes, shifts in your goals, or changes in your financial situation.

Investment Management

Planning is important, but at the end of the day, high-net-worth individuals want to grow their assets and sustain their wealth till retirement or even after. So, does wealth management make you money? Yes, it does, through investment and portfolio management.

This is another key aspect of San Francisco wealth management. Due to many reasons, high-net-worth individuals simply can’t hold on to their vast liquid assets over the course of their life. That’s why wealth managers employ investment and portfolio growth strategies to grow their assets. They study the market trends and then leverage the right financial tools to develop an investment strategy that best fits with your financial plan.

At Pillar Wealth Management, our financial advisors formulate the ideal investment plans and then use more than 100 years of market data to test portfolio performance. This way, we can provide clients with an effective portfolio that achieves high returns with low risks. We recommend reading our enlightening guide on portfolio performance for more information regarding investment and portfolio management.

Retirement Planning

A financially secure and certain retirement is every American’s dream. However, achieving it can be difficult and even more so for ultra-high-net-worth individuals. Such individuals have various complex retirement goals, such as traveling the world, or buying more real estate, or even investing in a friend’s business.

So, then how much would you need to save every year? How much will you need to invest to ensure you have enough wealth in your retirement to fulfill your goals? How much can you afford to spend? All these retirement questions can only be answered by a financial advisor.

They will develop a comprehensive retirement plan with the ideal combination of investments, savings, and expenses at each stage of your life. As you enter your 30s, then 40s, then 50, your retirement plan and strategy will also keep changing accordingly.Schedule a meeting with Pillar Wealth Management and get started on your retirement planning right away.

Tax Management

San Francisco wealth management also includes tax management services. Taxes are one of the biggest expenses high-net-worth individuals have to bear. All their financial activities, be it investments or transfer of wealth, have some tax implications.

As a result, such affluent individuals can lose tens of millions of dollars every year. Even though taxes are an unavoidable expense, it doesn’t mean they can’t be controlled. Financial advisors and wealth managers consider the tax implications of each financial decision and then take measures to minimize that expense.

For instance, they might suggest you move to tax-free states or change your investment style. If your advisor isn’t suggesting different ways to control your expenses, you might want to reconsider your choice. Check out our complete guide on advisors to learn which signs you need to look out for.

Risk Management

$5 million or even $500 million in liquid assets can seem like a lot of money, but high-net-worth individuals can easily lose it all without proper steps to protect it. Many wealthy individuals and families suddenly find themselves facing bankruptcy because of market volatility or because they suddenly contracted a chronic illness, which they never planned for.

That’s why risk management is a big part of San Francisco wealth management. Your wealth manager will make sure your assets and portfolios are properly diversified to protect your wealth from market volatility. They will have you on several insurance plans that protect you in various circumstances, such as contracting some life-threatening disease.

This will not only protect your assets for yourself but also ensure that you have something to pass on to your heirs as well. Read our book, The Art of Protecting Ultra-High-Net-Worth Portfolios and Estates – Strategies for Families Worth $25 million to $500 million, to learn why else risk management is so important.

Estate Planning

When you’re still young, estate and legacy planning don’t seem of much importance. However, as you may grow older or as your family grows, you start thinking about their financial security and independence too.

Therefore, estate planning takes up a big role in your financial plan. But, transferring wealth to your heirs is much more complicated than it seems. There are legal problems to work out, tax implications to consider, and many other factors.

Financial advisors can help sort all this out and further ensure that you don’t have to worry about your own or your family’s financial security. They can help you set up trust funds, avoid tax cuts, and carry out all your philanthropic plans as well.

Other Services

Besides these, and depending on which firm you work with, San Francisco wealth management can offer other services as well.

For instance, at Pillar Wealth Management, our advisors offer debt management, legal assistance, accounting, banking, cash flow planning, and many other financial planning and financial advisory services. Schedule a chat with our financial advisors to learn about our full range of financial services.

Choosing the Right San Francisco Wealth Management Firm

While all those services are critical for affluent individuals, for true financial success and serenity, you need to avail those services from the right firm. There are numerous big-name wealth management firms out there, but chances are that you will be treated just like another number in their system and offered the same cookie-cutter experience.

As an individual with your personal goals and unique challenges, you need dedicated and personalized services from a private wealth management firm. Here are some aspects you need to consider before choosing the right wealth management firm for yourself.

• Credentials: Check the firm or advisor’s credentials and certifications to make sure they are licensed to provide the services they are offering. Doing a complete background like this can help you check if the firm has any complaints or cases against it as well.

• Experience and Track Record: As an affluent individual, you require the best of services, and this is only possible with experienced financial advisors and wealth managers. Therefore, make sure your advisor holds plenty of experience in offering wealth management services and dealing with wealthy clients like yourself. They should also have an excellent track record.

• Services: When choosing a firm, make sure they offer all these services mentioned above as well as any other financial planning or advisory services you may require. Wealth management is most effective when it is done in a holistic and comprehensive manner. Going to different firms for different services will only drive up your costs.

• Standard of Care: Trust is crucial between high-net-worth individuals and financial advisors. Therefore, make sure you have fiduciary financial advisors who are always looking out for your best interests and acting in good faith.

• Customization: As mentioned earlier, customized financial solutions are important to help you achieve your personal goals, so the financial advisor should understand your needs and develop personalized plans accordingly.

• Investment Philosophy: The firm’s investment policy will not only have an effect on your portfolio and returns but also on your costs and expenses. They should offer an ideal combination of active and passive management. Find out why from our handy guide on portfolio growth strategies.

• Compensation: Certain compensation methods can create conflicts of interest, such as if the advisor works on commission. So, it is best if you stick with an advisor that works on a 100% fee-only basis.

For a more detailed version, read our exclusive guide on the best financial advisors for investors worth $10 million or more.

Final Thoughts

Considering the range of financial services it offers and how important it is for high-net-worth individuals, you might be convinced to get San Francisco wealth management. However, if you’re still feeling hesitant and are wondering, where can I get wealth management for free? Most financial institutions or wealth management firms won’t offer you any free services just so that you can get an idea of their skills and abilities.

However, if you still want a free consultation, you can set up a no-obligation consultation session with Pillar Wealth Management. Our advisors are always available to meet with high-net-worth individuals and families and discuss their wealth management needs. Our three-decades-long experience and exclusive services allow us to understand the unique challenges and goals of affluent clients and use our skill set to formulate the appropriate solutions.

Authors

To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.

You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.

More from authors.

Related Posts

  1. How Is State Residency Determined – When it comes to wealth management, tax planning is crucial for high-net-worth investors…
  2. Retirement Modeling – Affluent investors work hard to create a better future for themselves. This could be…
  3. Retire With 10 Million – As a high net worth or ultra-high net worth investor, you most likely aspire to retire with 10 million dollars…
  4. Role of Financial Advisor – Financial prosperity and serenity are important for everyone. However, it is hard to attain for high-net-worth individuals…