Wealth management is the consultative process of meeting the wants and needs of high-net worth clients by providing them with the appropriate financial services and products. It is a high-level professional service that combines several financial services together into one approach. It requires a team of highly skilled investment management advisors and other professionals, along with a wealth manager to direct them. Here are four reasons wealth management is important:
It Is a Holistic Approach – Wealth management is more than just investment advice because it can encompass all parts of a client’s financial life. A client will benefit from a holistic approach that brings together several services to meet their specific financial goals. A client no longer has to integrate different pieces of financial advice from different sources.
It Can Help Maintain Wealth – Wealth management can help maintain a client’s wealth and assist them in meeting their specific financial objectives. For instance, many wealth management solutions are tailored for particular clients. These solutions take into account a client’s current situation, future goals, current wealth and more.
It Can Help With Wealth Transfer – This is especially important for high-net worth individuals. Wealth management includes estate planning. A wealth manager can help a client protect their wealth and minimize fees and taxes. They will ensure a client’s wealth is distributed according to the client’s wishes.
It Is Based on the Client’s Goals – Changes in financial situations can lead to changes in financial objectives. A wealth manager takes this into account, so they regularly meet with their clients to update goals, investigate whether additional services are necessary, and review and rebalance the client’s financial portfolio.
AOG Wealth Management can implement unique strategies to help clients increase or safeguard their wealth. We have decades of experience in providing wealth management, asset management services, and other financial services to high net-worth individuals, companies, donor advised funds, trusts, and other similar accounts. Call us at (866) 993-0203 to learn more about wealth management. We help clients in Great Falls, VA, and nearby areas.
Securities offered through TD Ameritrade Institutional Services located at 7801 Mesquite Bend Drive, Suite 112, Irving, TX 75063-6043. Investment advisory services offered through AOG Wealth Management, Inc. AOG Wealth Management, Inc. is neither an affiliate nor subsidiary of TD Ameritrade Institutional Services.
The article and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you consult your accountant, tax, or legal advisor with regard to your individual situation.