Private wealth management can save you time and money, help you pursue your financial goals, and provide you with long-term financial security—but sometimes the process behind it all can feel ambiguous. Maybe you’re wondering what exactly a private wealth manager should be doing for you, and how.
A private wealth manager’s primary role is to generate new income to increase your assets and help you build your wealth. Initially, you’ll work together to create a plan that fits your vision for the future. Then your advisor or wealth manager will consider your short- and long-term goals to make the appropriate investment recommendations.
Your wealth manager should also help you understand tax code and regulatory considerations and complexities, as well as help you choose the most efficient tax plan for your unique financial circumstances. The penalties for tax avoidance are steep, so having a partner by your side will help you avoid fees by under-paying taxes, or they can enable you to save more for your future by ensuring you’re not over-paying.
Finding the right firm to preserve, protect, and grow your assets is essential. You want a private wealth management firm that works with you and for you—one that sees you as a person to build a relationship with, rather than just another portfolio to be managed.
At H&A, our wealth managers take flexible, multi-faceted approaches that help you increase and manage your assets in the ways that make the most sense for your financial vision and goals. Your vision is our guidepost, so we leverage our knowledge in ways that allow you to take advantage of multiple techniques. We also work with other investment professionals or advisors you already have working with you, such as your attorney or another consultant, to ensure you have a well-rounded and collaborative approach to your wealth management.
Understanding the basics of private wealth management can make the most of your money and your relationships. To learn more about our integrated approach to private wealth management, please reach out to us by calling 412-261-5966, feel free to email me directly at bobby.hapanowicz@hapanowicz-associates.com.
We’d love to get to know you!
