Top Wealth Management Firms:
The Complete Guide to What We Do
Ultra-high net worth and even high net worth individuals prefer to invest their wealth in a diverse portfolio of assets. This a great strategy for these individuals as top wealth management firms can grow their wealth while ensuring that it stays safe. Even though this might sound simple, conducting clever investments necessitates in-depth knowledge of wealth management. If you are an individual who has $5 million to $500 million in liquid investment assets, you should learn more about the services offered by Pillar Wealth Management and protect your wealth for the considerable future. Investors with $10 million or more can use our special guide to learn more about asset allocation.
What Does A Wealth Management Firm Do?
If this is the first time you’re hearing of wealth management firms, you must be wondering what does a wealth management firm do?
At Pillar Wealth Management, we describe wealth management as a cluster of financial services that are specifically designed for high net worth individuals and ultra-high net worth individuals. Our team of wealth managers has more than 60 years of experience in providing services to high net worth investors.
Our services are different from the massive Wall Street firms and other major institutions that are more concerned about their shareholders and assets under management rather than their client’s investing and retirement legacies. Our range of services includes:
- Asset Allocation Analysis
- Wealth Transfer
- Tax Management
- Investment Management
- Risk Management
- Cash Flow Planning
- Retirement Planning
Asset Allocation Analysis
Developing the skills to allocate your assets in the right places requires years of experience. Several investors make mistakes in the initial stages of their career. However, with time and experience, they do get a firm grip on the dos and don’ts of investment.
The good news for you is that you can simply avail our asset allocation services. This way you don’t have to go through the long and tedious process of mastering this skill. At Pillar Wealth Management, we realize that every investor has their own return expectation, investment parameters, and risk tolerance.
Our wealth managers consider all of these factors when analyzing your portfolio. Then, they provide you with recommendations based on your individual preferences and requirements. We thoroughly view each asset in the context of your portfolio and can develop plans to help you accomplish your portfolio objectives.
Several investors transfer a part of their wealth to their heirs once they reach a certain age. While this process might seem simple, there are plenty of invisible risks that you need to take into consideration.
For instance, if your wealth is tied up to your business, you might want to transfer the ownership of your company to your offspring. But you will have to devise a comprehensive exit plan to ensure that the business operates smoothly once you leave.
Our wealth managers at Pillar Wealth Management will assist you in developing a transference plan to ensure that your business stays in safe hands. You can even register for a free consultation at our website to know more about wealth strategies.
Handling taxes is a continuous activity that can take up a good amount of your time and energy. Moreover, if you fail to meet your legal tax obligations, you will have to face serious consequences. These repercussions can range from heavy penalties to even jail time.
At Pillar Wealth Management, we closely monitor your assets and check if you need to pay any taxes on them. Thus, you won’t have to worry about delayed tax payments anymore.
Moreover, the professionals in our team will go through your portfolio to discover areas where you could save on taxes.
If you’re an investor who’s aiming to increase their returns, you’ll have to allocate your assets efficiently. Nevertheless, this is a task that’s easier said than done.
Pillar Wealth Management can assess your portfolio and recommend several techniques to maximize your returns. Our up-to-date and detailed knowledge of the different financial markets and their trends can help you make ideal investment decisions. Read our helpful guide to learn more about how you can maximize your portfolio.
We understand how tiring it can be to keep a regular track of market trends. So, we strongly recommend you let our experienced professionals take care of it!
High net worth and ultra-high net worth individuals who invest their assets in different markets face several risks. For instance, market trends can take a turn and can sabotage your long-term gains in the blink of an eye. It is quite difficult to ascertain when a specific market is going to crash, but you don’t have to stress over it!
At Pillar Wealth Management, we can help you formulate strategies that will minimize the harm from any such event. We will go through your portfolio and identify the assets that are at risk. Read our guide for investors with $10 million or more to learn why risk tolerance shouldn’t be the most influential factor in your investment plan.
If you want to diversify your portfolio, we can help you determine where you should invest. This approach offers higher profits along with safety as opposed to randomly investing in various markets. To know more about asset allocation, read our book The Art of Protecting Ultra-High Net Worth Portfolios an Estates – Strategies for Families Worth $25 Million to $500 Million.
Cash Flow Planning
Managing cash flow is a key component of financial planning. Wealth frequently goes through the hands of several high net worth and ultra-high net worth individuals. If you fail to track the rate at which you are gaining wealth and spending it, you might know which direction your finances are headed towards.
Pillar Wealth Management provides you with cash flow planning services. This allows you to have complete knowledge of your cash inflows and outflows. We do this by assessing your sources of income, assets, liabilities, and expenses. Our team then creates a cash flow plan that allows you to easily keep a check on your finances.
If you haven’t given much thought to your retirement plans, there are several things you need to consider. After you quit your profession and retire, you won’t have an active source of income. Thus, you will have to depend on the passive income from your investments.
You might want to spend your retirement comfortably with your savings. Or you might wish to accomplish some new financial objectives. Whatever you want to do, our experts have years of experience to help you out.
We will thoroughly study your asset portfolio and develop a realistic strategy to keep your assets safe. Plus, our strategies can even help you increase your wealth even after you retire. When you can enjoy a great retirement, there’s no point settling down for a good one! Read our guide to learn more about strategies that can increase your portfolio.
At Pillar Wealth Management, we acknowledge that each individual has a specific set of needs in their retirement. Contact our wealth management experts to find outhow we can develop a retirement plan that fits your needs and requirements.
The wealth managers at Pillar Wealth Management are fully aware of the critical role that accounting has on wealth management. In fact, monitoring your cash flow should be your biggest priority to ensure that your assets remain secure.
After having a complete understanding of your finance, we develop strategies to ensure your finances remain safe and help you achieve your long-term targets.
If you want higher interest rates and services of private banking firms, you need to know that we also provide several similar services. Ultra-high net worth, along with high net worth individuals are more inclined towards private banks as they allow them to conduct all their banking transactions from one single place. While these banks might provide wealth management services, they seldom have the expertise that Pillar Wealth Management offers.
Even though we might not be equipped to handle all bank-related activities, we can help you in investing your liquid assets. These can be anything from cash accounts to equities and bond investments. Our specialists can even give you investment suggestions that are specific to your needs and formulate strategies to transfer your assets to your beneficiaries.
Are Wealth Management Firms Worth It?
Now that you know what a wealth management firm does, you must be thinking are wealth management firms worth it? In fact, this is a question that several high net worth and ultra-high net worth individuals such as yourself, ask themselves quite often. After all, you can get each of the services mentioned above from various organizations throughout the finance industry.
While we don’t object to it, we would like to inform you that at Pillar Wealth Management, our wealth managers have the expertise to advise you on several financial matters. We study your portfolio, assess your finances, and offer you recommendations that are based on every aspect of your financial status.
We realize that certain high net worth and ultra-high net worth individuals do not have a thorough knowledge of investments and markets. This is why we provide you with strategies that you can easily follow. But this doesn’t mean that we don’t provide more complex wealth management strategies.
What Are the Best Wealth Management Firms?
If you’ve made up your mind to avail the services of a wealth management firm, the biggest question on your mind will be “what are the best wealth management firms for me?”
It’s easy to find high net worth wealth management firms. If you are a high net worth or an ultra-high net worth individual, you have the option to choose from several wealth management firms. But the tricky part is to pick the firm that best meets your needs. Read our special guide to know the steps you need to follow for selecting the right wealth management firm for your needs.
At Pillar Wealth Management, we have positioned ourselves as a premier wealth management firm for several reasons. Here are some of the reasons why you should opt for Pillar Wealth Management:
One of the key factors you need to consider when selecting a wealth management firm is their experience. Even though this sounds like an obvious factor, several investors underestimate the importance of opting for an experienced wealth management firm.
You might be inclined to avail the service of a newly-launched wealth management firm as they might have a lower fee. But remember that if you use their services, your assets are at high risk. For instance, an amateur wealth manager will not know about abrupt market shifts and how to handle them.
Thus, you must opt for an experienced firm. At Pillar Wealth Management, we have more than 60 years of experience in providing services to high net worth and ultra-high net worth individuals. We can help you make smart investment decisions to ensure that you accomplish your financial goals.
We take pride in offering personalized service to each client. We place high importance on listening and understanding your individual preferences and needs before giving you financial advice.
Our wealth managers spend a lot of time to study your finances and use a holistic approach before developing any investment strategy.
Increasing Your Wealth
High net worth and ultra-high net worth individuals often avail of the services of wealth management firms to secure their wealth. Pillar Wealth Management not only keeps your wealth safe but also works to increase your existing wealth.
This is important for investors who have not yet retired. However, this is critical for those who have hit retirement and are depending on their assets for income.
Why Select Pillar Wealth Management?
At Pillar Wealth Management, we provide services to clients with $5 million to $500 million in liquid assets.
Our wealth managers can adept at performing a comprehensive assessment of your portfolio and create customized strategies to help you accomplish your financial goals. Sign up for a completely free consultation with our wealth managers to learn more.
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