Wealth Management Tennessee for Long-Term Investors:
Why Create a Custom Multi-Asset Strategy

The Complete Guide to What We Do

Wealth Management Tennessee

Tennessee wealth management for long-term investors can be a challenge. When you are a high net worth or ultra high net worth individual with over $10 million in liquid assets, you need carefully curated investment strategies for successful wealth management Tennessee. The key to accumulating and preserving wealth for a financially secure future is to build a sufficiently diversified portfolio. This is why you must tackleTennessee wealth management with a custom multi-asset strategy.Go through our free guide to explore how working with an expert wealth manager can help you with this.

Affluent individuals who are smart tend to grow their portfolio steadily and minimize downside instead ofrunning after high returns that bring significant financial risks. They have a long-term investment horizon coupled with an asset mix that allows for efficient volatility absorption. Most, if not all,wealthy individuals also dive into charitable giving and work with financial advisors to find the vehicles and support to achieve their philanthropic goals. This is where Tennessee wealth management philanthropic planning comes in.

We will discuss all of this in detail in this article. For more information, you can get in touch with our expert team at Pillar Wealth Management by scheduling a free consultation.

Pillar Wealth Management helps wealthy individuals with wealth management Tennesseeby offering a full range of fiduciary advisory services.We work with individuals with investable wealth worth $5 million to $500 million looking for risk-proof ways to build and preserve their wealth. Our wealth managers provide exceptional services forTennessee wealth management with a custom multi-asset strategyto high net worth and ultra-high net worth investors by helping them determine their unique investment goals. We leverage tax-efficient investment strategies, aiming to minimize your costs, maximize your gains, and optimize your portfolio performance. Read on to find out how expert wealth management Tennessee can make a difference for you.

Tennessee Wealth Management for Long-Term Investors

Did you know that seven out of ten wealthy familiesend up losing their fortune by the second generation? By the third generation, almost 90% of these families lose it all.

But why?

They aren’t smart aboutwealth management Tennessee! They chase high profits and hence, expose their portfolio to unnecessary risks.Simply put, they don’t think about the future as carefully as they should.Thinking long-term is the key to achieving your financial goals and setting yourself and your family up for optimal financial serenity.

How to Take Care of Tennessee Wealth Management with a Custom Multi-Asset Strategy

If you want to minimize investment risks and achieve healthy asset allocation, you need to have a custom multi-asset strategy in place.

Here are the top five strategies used by high net worth and ultra high net worth individuals.

1.     Tapping into Strategic Asset Allocation

Strategic asset allocation requires you to stay on top of the market shifts and make smart investment decisions. Based on the expected return rates, you must create a proportional combination of assets. For instance, if the stock returns have increased to 15% and bonds are returning only 5%, you would obviously want to focus on investing in stocks.

While this may seem like common sense, you will likely need the expertise, advice, and guidance of a professional wealth manager to help you make profitable decisions for effective wealth management Tennessee.Schedule a free consultation to talk to one of our experts about how strategic asset allocation works for high net worth long-term investors.

2.     Being Tactical about Asset Allocation

As an affluent individual, youcould also take advantage of short-term investment opportunities. An expert’s help also plays a pivotal rolehere to ensure you make the most of this active trading strategywithout attracting too many financial risks in the long run.

Tennessee wealth management with a custom multi-asset strategy focuses on stabilizing your portfolio and protecting it from market downturns.For more information on optimizing your investment portfolio’s performance while averting financial risks, make sure you read our free guide here.

3.     Focusing on Dynamic Asset Allocation

Dynamic asset allocation also comes under an active trading strategythat requires you to stay updated about the rise and fall of the market.The key to smart investment management lies in adjusting your portfolio according to the shifts happening in the market. It goes without saying that you need to think and act proactively for dynamic asset allocation. For instance, ifyou foresee the stock market weakening over timeor if the economy is expected to enter a recession, a smart move would be to sell your stocksbefore the price goes down.

This strategy is crucial to protecting your wealth in the long run to achieve the financial security you deserve. On this note, we suggest you read our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million. It has helped our affluent clients gain an in-depth understanding of high net worth long-term investing. It also sheds light on the importance of choosing the right strategy for achieving long-term financial goals.

4.     Adjusting the Portfolio from Time to Time

When it comes to wealth management Tennessee, you must know the intricacies of market performance or better yet, have a professional wealth manager by your side to help you make the most of long-term investments.

The idea is to constantly weigh the pros and cons of your asset allocation strategy and adjust it to ensure that it perfectly aligns with your financial situation and long-term investmentgoals. This involves buying more of a particular investment product upon witnessing a drop in its value to benefit from the lower price.

To learn more about adjusting your investment portfolio according to the ever-changing market situations and your financial needs, feel free to contact us at Pillar Wealth Management.

5.     Diving into Insured Asset Allocation

If you want to take a safer route to achieve successful wealth management Tennessee by taking minimum risks, insured asset allocation is your best bet. This investment strategy aims to protect your portfolio’s value by preventing it from dropping below a certain threshold limit. It not only helps you preserve your wealth but also become even wealthier!

It is important to note here that for this high net worth investment strategy to work, you need toshift your focus from maximizing portfolio performance to achieving financial security.Want to know why? Find all the answers in our free guide here that highlights the five critical shifts you need to consider to ensure effective wealth management Tennessee and build a legacy that outlives you.

Wealth ManagementTennessee Philanthropic Planningfor Building Your Legacy

Financial Advisor Tennessee

For many ultra high net worth individuals, wealth management Tennessee philanthropic planning is an exciting way to build a legacy and share their values with the community. Of course, they look at philanthropy from family and tax perspectives.

Typically, philanthropic plans are highly personal, outlining long-term strategies for giving based on your specific financial goals.

Building a Philanthropic Plan

The first step to developing a long-term strategy for wealth management Tennessee philanthropic planning is to analyze the past charitable activities of you and your family. You must thenassess your financial position and needs to determine the suitable level of involvement in philanthropic initiatives. Once you have your interests outlined, you can then start strategizing your giving.

Here are a few questions to ask when you are developing a philanthropic strategy.

  • Is there a specific kind of charitable organization that you would like to give to? Make a list.
  • How much time are you willing to invest in philanthropic activities?
  • Do you want to make the donations a long-term commitment?

Your answers to these questions will help you come up with a realistic framework for strategic philanthropy in the long run.

That being said, high net worth and ultra high net worth individuals oftenget concerned if they are giving away too much of their wealth for philanthropic reasons.That’s because assessing the original impact of a large donation or an ongoing series of contributions on the personal portfolio can be difficult. This is where a professional wealth manager steps in to help you see the bigger financial picture. Keeping your financial situation, needs, and goals in mind, the expert will help you determine the right amount and time of your giving to ensure the best outcomes of your funding plan.

Philanthropic Giving and Taxes

Philanthropy enables affluent individuals tosupport initiatives and contribute against issuesthat matter to them.Smart wealth management Tennessee philanthropic planning doesn’t leave taxes out of the equation. While philanthropy itself is quite rewarding, you also get to enjoy several tax incentives for being so generous.

Your wealth manager will tell you all about these tax benefits exactly as per your charitable giving plan. Generally, you must know that the donations you make to qualified charitable organizations are tax-deductible. The higher your income tax bracket is, the lesser the actual cost of charitable giving will be. This decrease is due to tax savings.

That being said, if you are donating appreciated properties, such as bonds, mutual funds, and stocks, there is a possibility for deducting their full fair market value. Another tax benefit that you get is that the appreciation is not reported as income.

Please note that you need to donate more than 20% of your gross income as a philanthropic activity for the deduction limits to come into play. In general, the rules for philanthropy and taxes can be confusing if you don’t have full knowledge of the matter. Working with an experienced wealth manager is critical here. They will make you understand the nuances of charitable giving and taxes, help with compliance, andgive philanthropic advice that serves you as well as the organization or initiative you care about in the long haul.

Balanced Charitable Giving Should be Your Ultimate Goal

The best wealth managers focus on creating a well-balanced charitable giving plan that helps you achieve your philanthropic objectives while preserving your wealth at the same time. We have said it before and we will say it again, philanthropy is deeply personal. Thereby, you need to analyze your unique financial situation and pay careful attention to tax incentives.

Your choice of wealth manager will play an integral role here.You should always look for an expert with significant experience in helping individuals having more than $5 million in liquid assets with philanthropic planning.To make sure you make the right decision, don’t forget to read our free guide on finding a financial advisor who can help you find a balance between charitable giving and wealth preservation.

At Pillar Wealth Management, we have a team of highly qualified, trained, and experienced wealth managers who have been working with affluent individuals like you for more than three decades. We understand that a lot of your time, hard work, and dedication have gone into amassing the kind of wealth you have today. We want to help you continue to grow and preserve your wealth so that you live peacefully and comfortably in the future. Our experts will match your philanthropic goals with a carefully curated plan that minimizes your taxes and protects your wealth portfolio.

Win at Tennessee Wealth Managementwitha Custom Multi-Asset Strategy with Pillar Wealth Management

Financial Advisor Tennessee

For smart wealth management Tennessee, you must work with a wealth manager who prioritizesthe stabilization and optimization of your investment portfolio by embracing diversification.Before deciding if a particular expert is right for you, find out how they plan to diversify your portfolio using multi-asset strategies.As we have discussed, this is critical to ensuring that your portfolio is notoverly exposed to risks and market volatility.

At Pillar Wealth Management, we offer a suite of investment management services for smartTennessee wealth management for long-term investors. Our wealth managers aim to optimize your portfolio using tax-efficient, risk-tolerant multi-asset strategies so that you can achieve optimal financial security in the long run.Meeting your financial goals is our topmost priority. We will also discuss your philanthropic interests and objectives to come up with a plan that helps you build the financial legacy you desire.

You can book a free, no-obligation consultation with our team to dive into the details of what we do at Pillar Wealth Management.

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