Photo of Eric R. Ebbert, CFP®, MBA, CEO Eric R. Ebbert, CFP®, MBA, CEO May 25, 2021

When you have financial goals you want to reach, it is wise to work with a financial planner. A financial planner can help you build a personalized strategy for reaching your short- and long-term goals. However, If you have a high amount of wealth already, you may be better suited to receive wealth management services.

What is wealth management?

Wealth management is an advanced form of financial planning services. A wealth advisor is an experienced professional who creates a tailored investment strategy and plan for clients with lots of wealth. Often, a wealth advisor works with a team of professionals who each manage a specific part of your strategy and plan.

So, how much wealth are we talking about if you want to consider wealth management? It varies from financial group to financial group. Some groups require a few million dollars to be invested to gain access to an entire team of professionals working on your behalf. In other circumstances, you may only need a few hundred thousand to qualify for the services of a single wealth manager. 

Why wealth management? Is it worth it?

A wealth manager offers a more comprehensive service than that of financial planning alone. For example, with financial planning, a planner helps create a strategy, but you are still responsible for purchasing specific services, such as retirement planning or estate planning. With wealth management, you pay for a comprehensive package of financial services, freeing you up to focus on other things while professionals help create and implement strategies to secure and grow your wealth.

Talk to a ProVise CFP® professional about wealth management in Tampa

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 wealth management in Tampa? Contact ProVise today to schedule a complimentary consultation.