What is a financial planner and do you really need one?

Wealth management services are some of the most high-level and comprehensive financial services that exist.

Wealth management can encompass every part of an individual’s finances from taxes to estate planning to charitable giving and more.

Medium Brush Stroke

What Is Wealth Management?

Wealth management is a comprehensive financial service that not only offers clients investment advice, but also helps with a wide range of financial and financial-adjacent matters that affect different parts of a client’s financial life.

Other benefits

Wealth managers also help set, review and update goals, rebalance investment portfolios and assess whether clients need other services to protect their wealth.

Who Can Access Wealth Management Services?

Wealth management services aren’t typically available for everyone. Due to the comprehensive nature of them, firms can require high minimums, such as $500,000 or $1 million.

Wealth Management Fees

For reference, financial advisors at most firms typically charge fees based on a percentage of assets under management (AUM) for portfolio management services.