Wealth Management Services— PillarWM

Pillar Wealth Management excels at creating financial plans for high-net-worth individuals and families. It helps its clients grow their money and keep it safe with personalized strategies, including dealing with risk, reducing taxes, estate planning, and retirement 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.

About Pillar Wealth Management

Hutch Ashoo, co-founder of Pillar Wealth Management, has over 30 years of experience serving high-net-worth investors. Together with Chris Snyder, he has authored several books and reports on wealth management, including Improving Portfolio Performance for Multi-Millionaires and The Art of Protecting Ultra-High Net Worth Portfolios and Estates. Hutch, a published financial expert, contributes to national journals and has appeared on TV and radio.

Hutch Ashoo

Hutch Ashoo is a well-known money expert. His work appears in prominent journals, newspapers, and unique legal and tax writings across the country. He’s also been on TV and radio to talk about how rich folks should handle their cash. Ashoo has a knack for explaining tricky money issues in a way that makes sense to regular people. His advice helps wealthy individuals make intelligent choices with their money. He’s got a reputation for knowing what he’s talking about when it comes to managing wealth.

Hutch’s way of handling money is very personal. His wife’s fight with cancer and their path to becoming parents have had a significant impact on it. When Hutch and his wife Toni were just married, doctors found out she had a serious form of cancer and might live a few more weeks. Together, they fought hard during this challenging time, and Toni beat cancer. Even though doctors told them having kids might not work because of the strong medicine Toni took, they now have two children. This significant life event made Hutch and his business partner, Chris Snyder, change how their company works. Now, they focus on helping clients enjoy essential moments in life while making sure their money is safe.

Hutch loves to travel, go big game fishing, and hike. He lives with his wife in Delray Beach, Florida, where they keep having fun adventures together. Hutch’s work and life experiences have shaped how he looks at managing money. He combines his know-how about finances with a kind understanding of life’s ups and downs. This unique mix of skills and experiences makes Hutch and Pillar Wealth Management trusted advisors. They’re committed to helping clients feel sure about their money journey and taking good care of them along the way.

Chris Snyder

Chris Snyder has spent over 30 years helping rich people manage their money, just like Hutch. He and Hutch have written books and papers together about how to handle the money of super-rich families. It’s pretty tricky stuff. Chris also writes about money for prominent newspapers and magazines, as well as legal and tax issues.

Chris got his degree in Finance from Saint Mary’s College of California. He’s into helping out in Clayton, where he lives. He’s coached high school baseball teams and helped students with more than just sports. Chris likes to give back to his community and help young people grow up well.

Chris and his wife Diana, who’ve been hitched for more than 30 years, like to go to the Sierra Mountains on weekends. In summer, they fish in the rivers and lakes there. Come winter, they ski down the mountains. Chris grew up in Denver and has always loved being outdoors, so the Sierras fit well with how much he likes the Rocky Mountains. In the future, Chris and Diana want to see more of the world together. They got this idea from all the cool places their clients have told them about over time.

Services Offered by Pillar Wealth Management

Pillar WM is committed to delivering exceptional service and transparent communication to help clients navigate complex financial landscapes.

Retirement planning

Pillar Wealth Management specializes in retirement planning for wealthy families and individuals, concentrating on asset allocation, risk management, and setting up steady income flows after retirement. They specialize in working with individuals who have between $5 million and $500 million dollars that they can easily access for investment. The firm emphasizes personalized planning to ensure clients’ financial security and long-term well-being, incorporating detailed financial goals and potential risks into their retirement plans.

Tax planning

Pillar Wealth Management knows how to plan for estate taxes, as well as find ways to avoid taxes, for wealthy people who have $5 million to $500 million in cash and investments. They try to reduce estate taxes, keep wealth safe, and help clients reach their charity goals by using special trusts, family partnerships, and innovative ways to distribute assets. The company’s wealth advisors provide personalized advice, using their expertise to improve estate plans and ensure clients and their families stay secure.

Estate planning

Pillar Wealth Management’s guide to estate planning solutions offers tips for rich people and families to keep their money safe and pass it down effectively. It stresses how important it is to have a comprehensive estate plan, involving wills, trusts, powers of attorney, and healthcare directives, to pay less taxes and avoid probate. This guide also talks about changing retirement accounts to Roth accounts, giving away assets, and taking care of self-managed super funds (SMSFs). Pillar WM has advisors who can create unique estate plans for individuals who have between $5 million and $500 million in cash and investments.

Investment Management

Investment strategies and portfolio management

Pillar Wealth Management creates custom investment plans and manages portfolios to meet the needs of high-net-worth individuals and families, with investments that provide a good return with minimal risk.

The firm’s investment strategy kicks off with a deep dive into the client’s financial situation, how much risk they can tolerate, and what they want to achieve with their investments. This personal approach helps Pillar Wealth Management develop a financial plan that’s just right for each client. Building a portfolio involves picking suitable investments, like stocks, bonds, property, and other vehicles, ensuring the mix is diverse and balanced. Using their knowledge of the markets and their research, Pillar wealth managers make intelligent choices to boost returns while keeping risks low.

Risk management and asset allocation

Pillar Wealth Management makes risk management and intelligent asset allocation critical parts of how it handles investments. Assets are spread across different types to lower risks and keep clients’ money safe. This careful approach helps investments stay solid and flexible when the economy changes, giving clients peace of mind about their finances.

The company reviews portfolios often, tweaking them to accommodate market ups and downs and shifts in the economy. This hands-on approach helps spot risks and takes steps to reduce them. The company matches asset allocation to each client’s risk tolerance and investment horizon, balancing the need to grow wealth and keeping it safe.

Wealth Protection

Strategies for protecting assets

Pillar Wealth Management offers custom services to protect the client’s wealth by managing risks using tax-smart plans and intelligent asset placement. By analyzing each client’s financial situation, Pillar Wealth Management develops comprehensive plans to lower risk and protect wealth for future generations.

Its wealth-protection plans cover estate planning, reducing taxes, and using trusts and other legal tools. This approach ensures clients reach their goals while keeping their investments stable and profitable.

Insurance and risk mitigation services

Pillar Wealth Management helps clients protect their assets through insurance and risk-reduction options. The firm works with insurance companies that cover various risks and pay their clients in the event of these risks occurring, such as car accidents and storms. Moreover, these companies collaborate with other insurance companies to share risk premiums, giving clients more protection.

Pillar Wealth Management includes insurance in its wealth management plans, helping clients manage risk to safeguard their wealth.

Customized Wealth Management Solutions

When you want to contact Pillar Wealth Management, you can interact directly with expert wealth managers who respond promptly, typically within a day. They provide consistent reports and updates on your portfolio. However, achieving your financial goals requires more than just these basics; it demands extensive support and personalized planning tailored to your unique needs and financial situation.

Why Does Customized Wealth Management Matter?

Customized wealth management is crucial because every individual has unique needs, priorities, and financial realities. A cookie-cutter approach cannot ensure the future you desire. Personalized financial planning optimizes your investments and financial assets, delivering a vastly different experience compared to standard investment management services.

The Goal of Customized Planning

The primary aim of customized wealth management is to secure financial stability by balancing risk management with growth. This involves optimizing your portfolio and investment performance to meet your financial goals, ensuring long-term security and success.

How Pillar WM Optimizes Investment Performance

Pillar Wealth Management uses a proprietary, innovative approach driven by over 100 years of market performance data. It eschews traditional asset allocation methods like ‘aggressive growth’ or ‘conservative’ strategies. Instead, it provides tailored recommendations for investment management, focusing on your goals and desired lifestyle outcomes. This ensures a personalized strategy that aligns with your financial objectives.

Measuring Growth with Pillar WM

Growth is a relative measure of the success of your financial moves regarding meeting your objectives and upholding your values. Essential considerations encompass whether you are headed in the right direction in your life journey and whether everyone in your household will be financially secure in the long run. If these needs are being met, your investments are deemed successful. This approach ensures that financial growth is not just about numbers but about achieving your personal and family goals.

Wealth Management Services

Pillar WM offers a wide range of financial and wealth management services for a single all-inclusive fee. Their unique approach stands out from big-name Wall Street firms and includes:

• Safe retirement planning and income/lifestyle optimization: Ensuring that your retirement is financially secure and your lifestyle is maintained or improved.
• Individualized wealth management and financial planning: Creating bespoke financial plans that reflect your personal goals and circumstances.
• Inheritance investing, estate planning, trusts, and life insurance advice: Helping you plan for the future and protect your legacy.
• Tax, fee, and cost minimization: Reducing financial burdens to maximize your wealth.
• Direct access to top wealth managers and financial advisors: Ensuring you receive expert guidance whenever needed.
• Tailored investment portfolios: Crafting investment strategies that match your performance expectations and lifestyle.
• M&A/business or real estate planning: Providing strategic advice for significant financial decisions.
• Financial transitions for death or divorce: Supporting you through significant life changes with careful planning.
• Referrals to tax accounting firms, insurance specialists, and estate planners: Connecting you with additional experts as needed.

Pillar Wealth Management emphasizes the importance of expecting and demanding more than the standard, generic services offered by many large investment advisory firms. Its commitment to customized, client-centric service ensures that your financial strategy is as unique as you are.

The Pillar Wealth Management Process

Initial Consultation

Meeting with Pillar Wealth Management for the first time is the important beginning of a sound wealth management partnership. This conversation is the start of creating a custom financial plan. You’ll meet Pillar’s financial experts, who want to know all about what you want to achieve with your finances. It’s easy to book a time to talk—give Pillar Wealth Management a call, and they’ll set you up with one of their seasoned money pros.

Understanding client needs and goals

Once you’ve met with a Pillar Wealth Management advisor for the first time, you can imagine them spending an extended amount of time to fully understand your financial needs and wishes, during which they work to identify everything that matters in your life, including those things that worry you and any future aspirations you may have. Having this information is vital for creating a tailor-made plan. By listening to your stories and dreams, the experts at Pillar Wealth Management can determine how to manage your wealth in ways that align with what you want and what matters to you.

Assessment of current financial situation

The first meeting also involves an in-depth assessment of your financial situation, including what you own, what you owe, how much your earn, your expenses, and your savings. This careful look allows Pillar Wealth Management to spot the solid areas and the areas to work on to identify a custom strategy that makes the most of their current financial situation.

Developing a Customized Plan

At Pillar Wealth Management, we think it’s important to offer you a custom plan that allows you to feel safe and get what you want. With in excess of three decades of experience, we are conversant with the art. We develop innovative schemes for handling your assets, planning for their post-life disposition, and shielding them from tax-related issues. Our primary objective is to ensure the improved performance of your investments while making them conform to your requirements and preferred lifestyle.

Implementation and Monitoring

To reach your financial goals in the long run, it’s crucial to implement a personalized money plan. Pillar Wealth Management ensures that each strategy matches the client’s goals and financial situation.

Executing the plan and making necessary adjustments

Pillar Wealth Management does a great job of implementing financial plans and keeping an eye on how they’re doing. These wealth managers make sure every part of a plan matches what the client wants to achieve. They adjust their strategies to deal with changes in the market or the client’s life. This hands-on approach makes sure investments stay in line with what clients need and want as things change, keeping performance at its best and helping them maintain long-term financial stability. By adjusting to market shifts and changes in clients’ lives, Pillar Wealth Management helps clients stay on the right path.

Client Communication and Support

Effective client communication and robust support are essential services at Pillar Wealth Management. Through regular updates and communication, clients remain well-informed and confident in their financial management, knowing that their wealth is in capable hands.

Ongoing Communication and Support

Pillar Wealth Management helps its clients through frequent communication, ensuring that clients know what’s up! Pillar advisors offer advice that fits each person, dealing with any worries or anxieties, which makes clients feel confident and trusting. This back-and-forth helps them stick to their money goals and make intelligent choices. The folks at Pillar want to be your friends over the years and decades, looking after your wealth through transparency and regular communication.

Transparency and Responsiveness to Client Inquiries

Pillar Wealth Management puts a lot of emphasis on being open with clients. Its wealth managers make sure to answer client questions in a day or less. This keeps clients in the loop and feeling good about their financial plans. By straight talking, Pillar Wealth Management builds trust. A quick response makes clients feel more certain that the company can help them meet their goals. They know that in Pillar Wealth Management, they have a solid partner to lean on.

Benefits of Choosing Pillar Wealth Management

Experienced and Knowledgeable Advisors

The experts at Pillar Wealth Management know the finance sector inside and out and how markets work and are up-to-speed on relevant laws, rules, and regulations. This means clients get lawful advice they can trust. Because these advisors are so good at what they do, clients can manage difficult finances by making informed choices.

A Holistic and Integrated Approach

Pillar Wealth Management looks at all aspects of a client’s finances, creating a tailored investment plan, advising on wills and trusts, finding ways to pay less tax, and protecting assets from risks. By putting all these pieces together, your advisor offers a comprehensive solution that aligns with your goals. This approach ensures your financial plan is coherent and cohesive.

Personalized and Client-Centric Service

Pillar Wealth Management makes personal service the focus of its work. These advisors work hard to understand each client’s aims and dreams. By fitting their advice to what each person needs, Pillar Wealth Management makes sure every client gets the care they deserve. This team of certified financial experts puts a lot of effort into building relationships with their clients, which ensures that how they manage their clients’ finances aligns with what they want and what is important to them.

Proven Strategies

Pillar Wealth Management advisors data and tried-and-true methods to get effective results. They base their strategies on careful study and market research so clients can reach their goals while mitigating risk. This focus on in-depth analysis gives clients a sense of trust and confidence in their financial plan. Pillar Wealth Management takes advantage of its team’s know-how and qualifications to create robust financial plans that endure the test of time.

What Is a Wealth Management Service?

Wealth management services offer comprehensive financial planning to high and ultra-high net worth individuals and families. These services do more than give investment advice. Wealth managers cover financial areas such as tax planning, estate planning, retirement preparedness, risk management, and more. They work to ensure that their customers realize their goals, preserve and grow their assets, and experience comfort and security with respect to their finances. Often, wealth managers are certified financial planners (CFPs) who view finances holistically, creating a whole from separate fragments, thus creating a unique plan for each client.

3 Major Categories of Wealth Management Services

1. Investment Planning

Wealth creation is the primary concept in investment planning, with a focus on the formulation of an investment portfolio that suits the needs and expectations of the client with respect to returns, risk, and time horizon. This involves several key components:

• Strategic Asset Allocation: Identifying proper proportions of asset classes, such as equities, debt instruments, and real property, required for the risk and return ratio.
• Selecting Suitable Investments: Picking stocks and mutual funds that fall in the tactical asset class on a macro level or evaluating them on the basis of return, cost, and relevance to the client’s financial planning goals.
• Ongoing Portfolio Management: Being able to constantly review and rebalance a portfolio, based on changes in market trends and economic outlook, among other factors, and changes in the client’s financial position. These actions may mean bringing the portfolio back to the targeted asset mix or strategic changes to the plan to exploit new opportunities or to guard against developing threats.

The main goal of investment planning is to build the best investment portfolio that will yield good returns and have little exposure to risks. To maintain diversification and avoid the pitfalls associated with over-concentration, wealth managers apply disciplined investment strategies to the client’s portfolio to guarantee portfolio efficiency in the long run.

2. Advanced Planning

Advanced planning deals with the more difficult aspects of money management, such as tax plans, estates, and giving to charity, which are important for protecting your wealth and ensuring your money is distributed as you wish after you’re gone. Here’s what’s included:

• Tax Plans: Coming up with and implementing ways to pay less tax. This means planning for income taxes, handling capital gains tax, and using accounts that have tax benefits.
• Estates: Making a plan to handle and pass on your money to your friends and family without losing too much. This might mean writing a will, setting up trusts, and planning for estate taxes.
• Giving to Charity: Coming up with and implementing plans for donating, which align with what the client cares about and wants to do with their assets. This includes setting up trusts for charity, donor advised funds, and other ways to give.

Advanced planning helps to manage and pass on wealth in a way that fits with what the client wants in the long run and reduces how much tax needs to be paid. Financial advisors and wealth managers often team up with legal and accounting experts to offer these services, making sure they cover every aspect of the client’s financial situation.

3. Life Planning

Life planning combines financial planning with what people want in life. This way of thinking helps make sure you have enough cash for your lifestyle now and through retirement. It gives you peace of mind and lets you live how you want without financial stress. Some significant parts are:

• Retirement Planning: Ensures you have enough cash and live in comfort when you stop working, which means figuring out your needs, choosing the right savings accounts, and thinking about income sources for your retirement years.
• Education Funding: Create a strategy to cover school costs for kids or grandchildren, which can entail establishing and contributing to 529 plans, Coverdell accounts, or any other education savings avenues.
• Healthcare Planning: Being ready to face medical expenses through long-term care and financing mechanisms such as health savings accounts (HSAs) or long-term care insurance, among others.

Life planning tries to align finances with personal dreams, making sure clients can live the way they want and reach their goals throughout their lives. Money experts who are certified and trusted have a significant role in making these personal life plans.

5 Ways to Determine the Best Wealth Management Services

1. Look at How They Treat Clients

When you’re looking at wealth management service companies, it’s vital to observe how personal and helpful they are. The best wealth management firms offer personalized advice, talk to you often, and focus on what you need and want. This approach makes sure you get excellent service and guidance. Try to find a firm that offers planning meetings, checks in with you, and provides an advisor who understands what you want and what worries you. A company that cares about getting to know its clients and provides top-notch personal service will do a good job managing your wealth.

2. Figure Out What You Need for Managing Your Wealth

Think about what you want to do with your wealth now and in the future, when selecting a wealth management company. The best ones can help with managing investments, tax planning, figuring out what to do with your estate, and planning for a comfortable retirement. Make sure the company you choose can adapt as your financial situation and goals change. Ask companies you’re thinking about how they’ve dealt with difficult problems in the past and if they can create a financial plan tailored to your needs and wants. A company that can adapt and think ahead will be better at helping you get where you want to be financially in the long run.

3. Look at How They Invest

Check out the investment philosophy and strategies of the wealth management firm. Look for an approach that uses data and manages risk to align with your goals and how much risk you’re okay with. A company that uses a strict, fact-based approach to investing is more likely to give you steady long-term results. Find out how the business selects investments, conducts research, and monitors the performance of portfolios. Look for a company with a range of investment opportunities that can be changed quickly to fit your goals and mitigate the effects of inflation, before signing on with the company. Confirm that the organization complies with Financial Industry Regulatory Authority (FINRA) rules in order to ascertain that it operates ethically and legally.

4. Find Out How Available the Advisors Are

Being easy to reach and quick to respond are vital for wealth advisors. Make sure your advisors are there when you need to talk and are available to give advice quickly. Talking often builds trust and keeps you in the loop about your investments. Ask how often the firm will update you and how they like to communicate (face-to-face, phone, email). A vetted financial advisor focuses on you and is ready to answer questions that can make managing your wealth easier. Advisors who value talking to clients are a must for effective wealth management.

5. Don’t Pick Wealth Management Services that Offer One-Size-Fits-All Answers

Stay away from companies that give everyone the same advice. The best money managers make plans just for you based on your situation and what you want, which is more successful and helpful. Ask a potential advisor how they create and implement individualized financial plans. Try to find companies that take the time to understand your financial situation, what you like, and what you hope for. When an advisor makes a plan just for you, it shows they really want to help you succeed financially, which means you’re more likely to get what you want. Certified financial planners and private wealth managers are experts at making plans that help individuals with their unique problems and opportunities.

By integrating these considerations and seeking the guidance of a certified financial planner or private wealth manager, you can ensure that your wealth management services align with your financial goals and deliver the personalized, holistic financial advice you need for long-term success.

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