Photo of Eric R. Ebbert, CFP®, MBA, CEO Eric R. Ebbert, CFP®, MBA, CEO Jul 04, 2022

A wealth manager is someone who typically caters to high-net-worth individuals. The scope of a wealth manager encompasses planning around finances, investments, taxes, estates and any goals a client may have. The goal of the wealth manager is to protect a client’s wealth. However, it’s also about fostering room for growth and accounting for potential obstacles that may crop up during the lifetime of a client. Although about 75% of Americans manage their own wealth according to one source, there can be several significant benefits associated with hiring wealth management professionals.

3 benefits of seeking out a wealth management specialist

Below are a few reasons why someone may want to hire a wealth manager instead of managing their own assets.

  • Expert assistance in creating a financial plan — A wealth management specialist is someone who knows what they’re doing when it comes to your finances. You may be able to handle your finances on your own. Even so, most people find that consulting a seasoned professional is the most beneficial way to ensure that your wealth stays protected.
  • A close relationship with your wealth management specialist — Your wealth manager will get to know you and your spending habits very well over the years. By forming a close relationship with your wealth advisor, they can predict your spending and make informed recommendations for investments and other important aspects of your finances.
  • Minimized stress around financial planning — Relying on an experienced and professional wealth management advisor can mitigate any stress you might be experiencing as you figure out the best way to handle your finances.

Talk to a ProVise CFP® professional about your why you should see a wealth management professional

At ProVise Management Group, our CERTIFIED FINANCIAL PLANNER™ professionals can get to know you and your current financial circumstances, goals, risk tolerance, and personal values to help you develop a plan that works for you. We can also create a written plan for you at a fiduciary standard of care. All our written plans come with an unconditional money-back guarantee. If you are unhappy with your written plan, you can return it to us, and we will refund 100% of the fee paid.

Are you ready to talk to a professional about why you need wealth management? Contact ProVise today to schedule a complimentary consultation.