Why You Need a Wealth Manager for Your Finances


It’s time for wealth care, and that means having a trustworthy wealth manager on your team. Your investments should be treated with the same TLC as your body. Having a wealth manager can ensure your real estate investments are producing an income while solving debt.

What is a wealth manager?

A wealth manager is a subset of financial advisors that supply services to high net worth individuals.

How much money do you need for wealth management?

Wealth managers take a deep look at your estate taxes, trusts, charitable planning, income planning, and income taxes. Typically, a wealth manager works for those with a high income.

It’s important to keep in mind that some financial advisors call themselves wealth managers. A true wealth manager will have specific certifications/educations including a CPA, JD, and CFP to name a few. Keep this in mind and make sure to research reputable wealth management firms. 

Are Wealth Managers expensive?

Wealth managers generally charge for a small percentage of the person’s income. This is because the assets under management will become larger. The fees from a wealth manager usually range between 0.25%-1.0%.

So, what exactly can a wealth manager provide for you?

Personalized Financial Planning

A wealth manager provides personalized financial planning. They’ll take the time to understand your goals, risk tolerance, and financial situation in order to create a custom plan for your unique needs. This personal strategy can include retirement planning, investment strategies, and more. It will all make sure that you’re on track to meet those financial goals. by having a wealth manager, you can feel secure knowing that your finances are being taken care of in a way which caters to your specific needs and goals.

Investment Management 

Boy is investment management worth it! A key service which a wealth manager provides is investment management. If you don’t already have a portfolio, a wealth manager will create one designed for your specific goals based on investment purpose and risk tolerance. They’ll make sure to manage this portfolio properly and ensure it meets your investment goals.

“We can clearly see what we pay for a pint of milk or a litre of fuel. Our phone, gas and electricity providers are required to send us a regular bill. But a major ongoing expense most people never really think about is the cost of investment management.” – Robin Powell Via Linkedin

Life changes fast, which is why it’s beneficial to have a wealth manager as they will monitor your investments, making adjustments on an as-needed basis. With a wealth manager on your side, you can alleviate the hassle of managing your own investments and allow your confidence to flourish knowing that your money is properly managed to align with your financial goals.

Tax Planning and Optimization

Navigating the complex world of taxes can be a struggle. With a wealth manager, you’ll have an expert set of hands to help and they’ll be able to minimize tax liability as well. They can also help you take advantage of the following:

  • 401k (s)

  • IRAs

  • Maximizing tax efficiency

Having a trusted wealth manager will help secure tax benefits and minimize tax burden.

Risk Management

When it comes to real estate investment, there’s always a risk. And if you own a lot of assets or properties, having a wealth manager can substantially help you to control your risks. They can evaluate risk tolerance while making sure your portfolio balances the risk and reward ratio. It’s time to maximize your return and reduce risk with a wealth manager.

Estate Planning

We don’t often enjoy thinking about planning for death, but when you own valuable assets it’s beneficial to know what happens after you pass on. A wealth manager can create a plan for asset distribution after you pass away.  They are also able to ensure your beneficiaries receive the highest amount of your assets and minimize estate taxes.

Contact Evergreen Investments 

The complex world of wealth management doesn’t need to be something that makes you tear your hair out. Contact an investment specialist at Evergreen Investments and take the first step towards your wealth management journey today.

Like What You See?
Join Our Newsletter Today!

You May Also Like …


Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.