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Wealth Management: Planning for the Future

Are you an affluent individual looking to invest in a new business, products and services? Are you a high net worth individual? Then there are many strategies you need to have in place in order to manage your finances. One of these strategies is wealth management.

People tend to think that being affluent automatically absolves one of any problems in life. However, this is not the case. Affluent individuals can actually come across a wide variety of problems, specifically because of their wealth and financial life. This is where a wealth manager has to step in and help these clients with their financial planning, management services, estate planning, retirement planning, and the best investment strategy. After all, if affluent clients and investors are not taken care of, their investments will be endangered, and they can lose quite a bit of financial assets.


What Is Wealth Management?

Let’s talk about this, because it is a fairly important topic when it comes to wealth and finances.

It’s actually not that complicated in theory, whereas it is pretty complex in practice.

To put things simply, Wealth Management includes a series of financial services designed toward the betterment of an individual’s financial situation and investments. Money that is not well-managed can easily get lost, especially if it is a large sum. That is why most affluent individuals trust services conducted by financial advisors or “wealth managers” when it comes to investment, and these investment advisory services are referred to as wealth management. Private wealth management services are becoming quite common as businesses advance at a fast rate, especially in the online marketplace.


What Is Included in Wealth Management?

Wealth management can also encompass a range of other services like perfecting a client’s portfolio (although portfolio management is a science of its own), figuring out the right products to purchase, tax services, asset allocation, pinpointing financial goals, insurance solutions, and much more.

As if that is not enough, you can also hire a wealth manager to help you with your personal retail banking services, and even planning your estate. When you have a lot of cash flow coming through, and have a very high net worth, all of these services can come to your rescue. Wealth managers also always think long-term when it comes to their strategies, because they want things to be sustainable for their clients.


How Much Money Do You Need for Wealth Management?

Well, as we described earlier, wealth management and investment management services, especially in the United States, are mostly directed towards high net worth clients who earn by the million. While we cannot give you a specific number, there are private wealth management services which only take on clients with at least two million dollars ready for investments. Other similar services require as high as 10 million dollars as investment.

Don’t worry! You can still find wealth management services and wealth advisors who require 250 thousand dollars instead of millions. Even though a typical financial advisor prefers to work with affluent clients, you can still find wealth advisors who offer their services and investors that are not up in the millions yet and have lower financial needs and assets, no matter the nature of their business. The fee they charge will also not astronomical!

Speaking of which…you may have the following question:


Is It Worth Paying a Wealth Manager?

That depends! Some people lose sleep because they do not have enough money. Some because they have too much! If you fall into the second category and have a high net worth, then you might want to consider a wealth manager who will help you plan your investment strategies, figure out your financial needs, retirement plans, estate planning, insurance plans, tax solutions and basically every aspect of your business. Their advisory services will definitely get things going the right way.

If you ever feel the need for wealth manager or financial advisor, then that is definitely a good sign! It means your investment is paying off, your business is growing and you are getting closer to your financial goals. The most important thing is to have the right strategy, and a decent advisor who will put in the right amount of time to assess the information, work out the specific needs of your business, and provide you with the proper advisory solutions that your business may need.


Still Not Sure Whether You Need Wealth Managers or Not?

It’s perfectly normal to have questions about wealth management and hiring a wealth advisor for your business. You may not be too sure whether you need them or not.

Here’s what we offer:

Give us a call! We’ve been conducing wealth management services for affluent clients for many years, and we can offer advice and solutions which will benefit your business and investment in the long-term. Our program is available for high-end clientele who would like to use our solutions for their businesses! Give us a call now. Let’s plan your wealth for the future!

Jerome Basilio

Assisting businesses with Wholesale and Multimarket Management services is a passion of mine and that is why I formed Basilio Corporation, providing such services for 84 companies as of today. Basilio Corporation has sold a total of 52 stores for seven figures, in open digital exit broker companies. The company has partnered with Khachaturov Group, a leader in multiple industries, which has strengthened its resources. Over the years, I have used my experience to consult top players in the business, and mentored minds which became influential millionaires in the eCommerce sphere.