Do you need to be rich to get a wealth manager?

Wealth management can be expensive, because the services are  comprehensive, including but not limited to retirement planning, tax  planning, estate planning, and investment management.

What Do Wealth Advisors Do?

Wealth management is a subset of financial advising. Wealth managers tend to focus on managing the assets of high earners.

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Financial Planners

They’re most suitable for helping you set up a budget, plan for tax  time, save for retirement, or to plan your child’s college education.

Investment Advisors

Investment advisors also encompass a range of financial professionals.

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As noted, wealth advisors may charge their clients on a fee-only basis, or as a percentage based on the total asset management load.

How Much Does a Wealth Advisor Cost?


Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.