What Is A Wealth Advisor And Are They Worth It?

Ideally, it’s safe to say that a majority of people would love to have a personal fortune that may require working with a wealth advisor.

What Is A Wealth Advisor?

Wealth Advisors are financial consultants for clients who are already affluent. Their job entails providing high-net-worth individuals with strategic advice and action for their finances, including the use of tax-advantaged accounts, estate planning, and risk management.

How much do Wealth Advisors make?

Wealth Advisors can make lucrative salaries alongside generous commission structures. Junior advisers can expect to make between $90k and $150k, whereas more experienced wealth managers could make up to $300k.

What Does A Wealth Advisor Do?

A wealth advisor or wealth manager is a type of financial advisor who utilizes the spectrum of financial services available, such as financial and investment advice, legal or estate planning, accounting, and retirement planning, to manage an affluent client’s wealth for one set fee.

What to Look for in a Wealth Advisor

Ensure that the wealth advisor you choose lines up with your overall values, and is focused on your specific and personal goals. 

1. Make sure they understand your goals

What to Look for in a Wealth Advisor

Wealth advisors have different charges and fees based on the structure of their business. Some will charge for assets under management (aka for a percentage of the money managed), whereas others may charge a flat fee annually.

2. Find out the fee structure

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