Not every person can solve the problem of preserving and increasing wealth, especially if they do not have a special education in economics, law, and finance. However, a team of professionals easily copes with this task, since they monitor the markets daily and know all current risks and prospects. That is why individuals and families who own large investable assets prefer to consult specialists in the field of wealth management. Find out which companies have proven themselves to be effective in increasing the capital of their clients.
Main Services of Wealth Management Companies
Some people actively work on increasing their family’s wealth and look for the best ways to allocate their assets. For others, wealth comes suddenly, as a result of receiving a large inheritance, winning the lottery, etc. Still, others want to step away from managing their wealth for the sake of some other tasks but wish to transfer this mission into reliable hands.
These are just a few cases that may prompt a person to contact a company that provides an integrated approach to managing client assets. Among the functions they perform, the most significant are the following:
- Development of investment recommendations taking into account client values and risk tolerance;
- Building and rebalancing a diversified investment portfolio;
- Estate and tax planning for tax minimization;
- Providing access to profitable investment opportunities;
- Retirement planning to maximize revenue from pension;
- Choosing adequate insurance for various possible risks;
- Ensuring the impact of philanthropy and charitable giving.
Financial consultants can also help with purchasing or selling business, making decisions regarding margin lending, account monitoring, and other tasks.
Best Companies for Protecting and Growing Your Assets
Wealth is too valuable a resource to be entrusted to random advisers. That’s why rich families turn to trusted companies that have good recommendations from other wealthy clients and a compelling history of success. Before signing an agreement, carefully study all public documentation of the company, read reviews, and talk to the company’s management. Also, compare several wealth management services to evaluate their unique offerings. As a starting point, you can examine the capabilities of the five best wealth management websites in this niche. Having studied the range of services they provide, it will be easier for you to navigate the market and make your choice.
| Company | Industry Experience | Services | Regulating Authority | Offices |
|---|---|---|---|---|
| Certuity | Since 2012 | Wealth ManagementFamily OfficeLegacy PlanningAlternative InvestmentsOCIO | SEC: Securities and Exchange Commission | North Palm BeachNew YorkSan FranciscoSanta MonicaManhattan BeachMiami |
| Facet Wealth | Since 2016 | Financial PlanningRetirement PlanningTax PlanningInsurance PlanningInvesting | SEC: Securities and Exchange Commission | Baltimore |
| Harness Wealth | Since 2018 | Wealth ManagementTax PlanningFinancial PlanningEstate Planning | SEC: Securities and Exchange Commission | New York |
| Betterment Premium | Since 2010 | InvestmentsRetirement Planning | FINRA: Financial Industry Regulatory Authority | New York |
| Schwab Intelligent Portfolios | Since 2015 | Wealth AdvisoryFinancial PlanningInvestmentsRetirement Planning | SEC: Securities and Exchange Commission | The headquarter in Westlake and branch offices in various US states |
Certuity
If you need financial advice or comprehensive management of your wealth, Certuity is your best choice. This company has a long successful history of serving ultra high net worth families in various US states. When developing a wealth management strategy for its clients, Certuity company relies on deep expertise in the fields of law, economics, finance, business, and other related sciences. It is distinguished by:
- a fundamental approach to dynamic wealth management based on in-depth market research;
- high professionalism of employees combined with impeccable moral principles;
- rigorous risk management taking into account all economic, political, geopolitical, and natural factors;
- absence of any litigation for all 12 years of providing financial advisory services.
Facet Wealth
If you are pursuing multiple financial goals and need professional advice, use the services of Facet Wealth. The company offers both financial advice and wealth management, as well as cares for your life and work. You can take advantage of a free consultation to discuss tasks that can be delegated to the company. However, keep in mind that meetings with clients are conducted only online, without the possibility of personal offline discussions.
Harness Wealth
This platform is a digital solution that allows clients and financial advisors to meet online. Unlike other wealth management companies, Harness Wealth acts as a marketplace that connects advisory service providers and clients. Users are offered many alternatives that suit their needs, from which they choose the most optimal one.
Betterment Premium
This company also has its distinctive feature, since it is a robo-advisor. If you are an enthusiast of high-tech solutions, try its innovative and impressive technology. You might even want to compare the capabilities of a human investment advisor and robotic experts. Each of them has its unique features, and it is possible that for the challenges of the 21st century, robo-advisors will be a better alternative. For example, Jill Fisch, Marion Laboure, and John A. Turner, in their article on the emergence of robo-advisors, emphasize their low cost compared to a human advisor and the increasing degree of personalization of the advisory service.
Schwab Intelligent Portfolios
Schwab Intelligent Portfolios is a comprehensive, multi-tiered solution. Robo-advisors are at the heart of wealth management, but the company’s clients also get access to a professional human advisor. Thus, if you want to improve your understanding of the principles of managing your investment portfolio, you can choose a subscription plan that includes both a human professional and a robo-advisor.
Conclusions
The modern market for financial advisory services offers many alternative solutions for wealth management. You can choose a firm that promotes a holistic approach, such as Certuity, or a company that focuses on a narrow range of tasks. You can also try exploring the benefits of robo-advisors, which also manage clients’ investment portfolios and closely monitor all emerging risks and opportunities. Choose a solution that matches your values, priorities, and spirit of the times!
