THE BLOG

With a net worth of $5 million or more, you are probably familiar with the basics of wealth management. You know that you need a diverse portfolio, estate planning assistance, and careful guidance as you make the financial decisions that could have a long-lasting effect on you and your family. However, you may still be searching for just the right advisor. Here’s what to look for.

If you have an ultra high net worth of $10 million or more, you probably already understand the basics of wealth management. Yet the bigger your estate, the more critical each decision can be, not only for you but also for your heirs. Take some time with your wealth manager to review and rebalance your portfolio to be sure you are maximizing your investments, and then sit down to create a careful estate plan.

If you have a high net worth, you probably already know how critical it is to have a fully realized financial plan that you revisit regularly. Yet high net worth individuals are not immune to common wealth management mistakes. Because your portfolio is likely complex, it can be confusing, and you stand to lose quite a lot if you miss certain key factors. Some of the most common mistakes that high net worth people tend to make are in the areas of estate planning.

If you have made your first million dollars, congratulations! They say the second million is a lot easier to earn. But for now, you have probably come to realize that your money can no longer simply live in a bank. To make the most of it, you will need to enter the frightening world of wealth management. Fortunately, a good wealth management advisor can put you on the road to success, creating a diverse portfolio and trading as needed to maximize your investment. Here’s what you need to know to choose the right advisor for you.

Dentists who choose to go into private practice need to think like business owners. In addition to keeping up with the latest techniques, technologies, and best practices regarding dentistry, you also need to grow and protect your business. Wealth management becomes extraordinarily important so that you can provide for your family both now and in your retirement years. Here is some practical wealth management advice for dentists.

There are few professions that lead to the financial complexity that physicians face. On one hand, you’re likely making more money than a lot of other people. You also face a unique level of liability and debt. To successfully manage your wealth, you need wealth management strategies that work for physicians. Here are some tips that you can consider.