Is Wealth Management the Right Choice for Your Portfolio?

What if there was a way for you to grow your investments without having to do the hard work of digging up each new opportunity for yourself? Financial planning and advising services are great ways to reduce your labor, but they do still require a lot of hands-on management on your part too. That’s where wealth management companies can be a huge help. They work with you to develop a plan for your money so they understand what your goals are, and then they manage your funds in a comprehensive way. It’s not open to everyone, though. Most companies that offer this service require at least $5 million to begin working with your funds.

Costs and Services

The key to getting the most out of wealth management is shopping for the right rates and the right people to handle your money. If you’re looking for investment services Daytona Beach FL, you will find some of the highest rated wealth managers in the country nearby. Many of them guarantee no conflicts of interest with Wall Street investment banks or other parties whose investment interests run contrary to yours. The cost is negligible, too. Most wealth management contracts are for around one percent of the fund’s value each year. If they add more than one percent to your average growth, they’re a good buy, and most of them do.

Comprehensive Management of Your Funds

Wealth management is more than just investing advice. It’s a full financial planning and administration service that includes tax advice and planning, estate planning, and more. That means you’ll have advisors who look at the total set of costs and returns you’re facing each year, finding ways to not only get the investment yield you aim for, but also ways to streamline tax costs and other financial hurdles, all for one fee.