Seek the Services of a Professional Wealth Manager
High net worth individuals and families seek wealth management services to manage their wealth. The reason for this is that that they may not be aware of the nuances of the financial market. Wealth managers work in coordination with various financial experts.
Wealth Managers offer advice to their clients in various areas such as:
Wealth managers offer investment advice to their clients after understanding their long-term and short-term goals. Based on the clients’ needs they suggest investment portfolio to them.
Accounting and Tax advice
Accounting and tax advice is needed by affluent individuals because of the complexity of the tax laws. They need the services of a professional accountant who understands the intricacies of tax laws and advises clients.
Legal or estate planning
Estate planning entails organizing the transfer of assets in anticipation of death. The objective of the estate plan is the preservation of maximum amount of wealth for the beneficiaries. At the same time, it ensures complete flexibility for the individual prior to death.
Retirement Planning entails understanding the post-retirement financial needs of the client and planning for it. Various sources of income are identified, probable expenses estimated, implementing a savings plan and management of assets.
Besides these, wealth managers also advise their clients in areas such as philanthropy. Additionally, they may even provide banking services to their clients.
Clients benefit through services provided by wealth managers as it serves as a one point support for managing their financial life. They do not need to seek advice from different experts for various areas and integrate it themselves. They get consolidated advice from one source.
Besides, it is also cost saving for them as they do not need to pay individual experts. They have to pay one fee to the wealth manager for the entire range of services.
In Georgia, Atlanta, a leading financial consultant who provides services of a wealth manager is Greg Silberman.