Wealth management is an investment advisory service for high net worth individuals.

How it works/Example:

Wealth management combines both financial planning and specialized financial services, including personal retail banking services, estate planning, legal and tax advice, and investment management services.     

The goal of wealth management is to sustain and grow long-term wealth.The net worth needed to qualify for wealth management services vary among institutions, but the net worth threshold typically starts at about $20 million. Also, depending on the institution, the range of services available is highly customizable in order to meet the specific needs of the client.

Why it Matters:

Wealth management clients are highly sought after by financial institutions and financial service companies. Many banks that combine traditional banking and wealth management services have specialized sales and service teams to specifically cater to wealth management clients.

If you need an advisor who can handle both your investing and strategic planning needs, you should consider hiring a wealth manager from Black Harbor Wealth Management.

  • An experienced wealth manager acts as a personal consultant and can help devise personalized strategies and solutions to your individual needs.
  • A professional wealth manager is capable of providing a finely tuned combination of: a) highly personalized, comprehensive strategic planning, and b) investment and portfolio management for high net worth clients.
  • A professional wealth manager will coordinate and team with fellow professional advisors, such as attorneys and accountants, to serve more complex financial needs.

It is never too late to start managing your finances to ensure a happy and comfortable retirement!