When is wealth management worth it?

When is Wealth Management worth it?

Wealth management is often considered to be worth it when an individual or family has a significant amount of assets and is looking for professional guidance on how to manage and grow their wealth. Some key indicators that wealth management may be worth it include:

A high net worth: Generally, individuals or families with a net worth of $1 million or more are considered to be candidates for wealth management services.

Complex financial needs: Individuals or families with complex financial needs, such as multiple investments, real estate holdings, and business interests, may benefit from the expertise of a wealth manager to help them navigate these assets.

A desire for professional guidance: People who want to have a professional advisor guide them in their investment and financial planning decisions, to help them make the best choices for their current and future goals.

A need for asset protection: Individuals or families with significant assets may be looking for ways to protect their wealth and minimise their tax liability, and a wealth manager can provide guidance on strategies for achieving these goals.

A desire for a single point of contact: People who prefer to have one point of contact for all their financial needs, instead of dealing with multiple advisors, may find that wealth management services are worth it.

It’s important to note that wealth management services can be expensive, and it’s important for individuals to carefully consider the costs and benefits before deciding to work with a wealth manager. It’s also important to do your due diligence and choose a wealth manager who has the experience and qualifications to best meet your needs and goals.

Contact our team for a no-obligation consultation. The first meeting is at our expense.

Read our client testimonials to see what people think about our work.