Wealth Manager Services That Align with Your Financial Goals

Working with a wealth manager can be a game-changer for your financial future. A good wealth manager will tailor their services to meet your unique needs and goals.

They can help you create a comprehensive financial plan, taking into account your income, expenses, debts, and savings. A wealth manager can also provide investment advice and guidance on tax optimization.

By aligning their services with your financial goals, a wealth manager can help you achieve financial independence and peace of mind.

Wealth managers offer a range of services to help you grow and protect your wealth.

You can expect a personalized approach to investment management, where your preferences and risk tolerance are taken into account.

Wealth management is more than just investment advice; it can encompass all parts of your financial life, including tax planning and estate planning.

High-net-worth individuals may benefit from an integrated approach, where all services come from a single source.

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Your wealth advisor can connect you to a vast network of experts, including investing strategists, wealth planning professionals, and lending and banking specialists.

To find a wealth advisor who resonates with you, use the search tool on their website, then reach out to them directly by phone or email.

Separately managed accounts offer portfolios of individual securities that can be personalized in pursuit of a specific investment objective.

Fidelity Wealth Advisor Solutions can connect you with third-party investment advisors who offer specialized services like integrated tax planning and preparation.

Trust services are available for inheritance and estate planning, including acting as trustee or co-trustee.

To qualify for Fidelity Wealth Services, you typically need to invest at least $500,000 in an eligible Fidelity account.

Fidelity Private Wealth Management is available to clients who invest at least $2 million, in the aggregate, in Fidelity Wealth Services and/or Fidelity Strategic Disciplines, and have investable assets of at least $10 million.

A family office can provide a range of services, including budgeting assistance, money education services, and concierge services for non-financial needs.

Wealth management offices employ experts and professionals in different fields, including investment, tax planning, and estate planning.

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Working with a Fidelity advisor can be a game-changer for your financial situation. They can help you see things from a fresh perspective.

One of the key benefits of Fidelity and Merrill Services is that they offer a collaborative approach. Let's talk about how we can work together.

Our wealth manager services offer a range of investment strategies to help you grow and protect your wealth.

We can manage your portfolio to help you achieve your financial goals, taking into account your preferences and feelings toward risk. This includes ongoing monitoring and rebalancing to ensure your investments stay aligned with your needs.

By working with us, you can have peace of mind knowing your investments are being actively managed to help you achieve your long-term financial goals.

Tax-smart strategies can help you keep more of what you've earned. By applying a range of techniques to managed portfolios throughout the year, you can potentially save money on taxes.

We can help you evaluate whether purchasing individual bonds is a good fit for you, and could potentially save you up to $15 per bond. This is a specific example of how tax-smart strategies can benefit your investments.

Investing involves risk, and the value of your investment will fluctuate over time.

Wealth management is a financial service that addresses the full complement of the needs of affluent clients. It's a holistic approach that considers every aspect of their financial lives.

A key feature of wealth management is the use of a set fee based on Assets Under Management (AUM). This means that clients pay a fee based on the value of their investments.

Wealth management is usually appropriate for wealthy individuals with a broad array of diverse needs. This can include estate planning, accounting, retirement planning, tax planning, and more.

These services are typically provided by a high-level financial professional, known as a wealth advisor. They have the expertise to manage an affluent client's wealth and provide tailored advice.

Here's a breakdown of some common services included in wealth management:

A wealth manager starts by developing a plan that will maintain and/or increase a client's wealth based on their financial situation, goals, and risk tolerance. This comprehensive plan covers topics like retirement, taxes, health care, and estate planning.

Wealth managers can also help you build a personalized plan around your full financial picture, covering all parts of your financial life, not just investment advice. This integrated approach can provide a single source for all your financial needs.

Your wealth advisor will be your single point of contact for all your financial needs, providing highly-personalized support and strategies to help guide you through every milestone and opportunity. They'll go beyond just selecting investments by crafting a custom wealth plan that supports your lifestyle, values, and personal priorities.

Here are some key services you can expect from a wealth manager:

Your wealth advisor will meet regularly with you to update goals and rebalance the financial portfolio, and may investigate whether additional services are needed to protect your wealth and help you achieve your goals.

Comprehensive planning is a crucial aspect of financial planning and management. It involves creating a personalized plan that covers all aspects of your financial life, including retirement, taxes, healthcare, and estate planning.

A comprehensive plan takes into account your full financial picture, ensuring that all your financial needs are met. Your Wealth Advisor can help you build such a plan, providing highly-personalized support and strategies to guide you through every milestone and opportunity.

Your plan will be tailored to your specific goals, values, and priorities, including helping ensure the success of your family and business, and creating a legacy that benefits future generations. This integrated approach can help you simplify the complex and make informed decisions about your financial future.

Here are some key components of a comprehensive plan:

Your Wealth Advisor can help you develop a comprehensive plan that addresses all these aspects and more, providing you with peace of mind and confidence in your financial future.

The wealth management industry is a massive player in the global financial market. As of 2024, the industry had assets under management of over $128.9 trillion globally.

This staggering figure is expected to grow to $145.4 trillion by 2025, according to a report by Price Waterhouse Cooper. That's a significant increase in just one year.

The industry's assets under management have been increasing steadily over the years, with no signs of slowing down. This growth is a testament to the importance of financial planning and management in today's economy.

Here's a breakdown of the industry's assets under management:

Fidelity Wealth Management offers a go-to source for the latest economic news and thinking on the current markets from top Fidelity thought leaders and our partners.

Their Insights publication is a valuable resource for staying up-to-date on market trends and economic news.

Gross advisory fees range from 0.50% to 1.50%.

You can set up an appointment with Fidelity Wealth Management to discuss your specific needs and goals.

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Fees can be a significant aspect of working with a wealth manager. The median advisory fee is around 1% of assets under management (AUM), but this can vary depending on the size of your account balance.

If you have a smaller account balance, you might pay more in fees, while larger balances can often result in lower fees. For example, individuals with larger balances can pay a median AUM fee that declines as assets increase.

Wealth managers can charge in different ways, including hourly, annual, or flat fees, as well as through commissions on investment products they sell.

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Fees can be a significant consideration when working with a wealth manager. The median advisory fee for accounts up to $1 million in assets under management (AUM) is around 1%.

Some wealth managers charge an annual fee, while others charge hourly or flat fees. A survey of financial advisors found that the median advisory fee is around 1%.

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Wealth managers who work on commission are paid through the investments they sell. This can be a potential conflict of interest, as their recommendations may be influenced by the potential commission.

Individuals with larger account balances can often pay substantially less in fees. The median AUM fee declines as assets increase.

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When researching professional advisors, it's essential to check their credentials to ensure they have the right training and designation for your needs. You can verify a professional's credentials on websites for certifying organizations, where you can check if they're in good standing and if they've had any disciplinary actions or complaints.

The top three professional advisor credentials are Certified Financial Planner, Chartered Financial Analyst, and Personal Financial Specialist. Many professional certifying organizations require continuing education and have ways for you to confirm who holds the credentials.

The Financial Industry Regulatory Authority (FINRA) offers a tool that explains professional designations, making it easier to understand what each credential entails.

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Having a dedicated wealth partner or advisor can make a huge difference in achieving your financial goals. With a Vanguard wealth partner, you'll have a personal guide to help you navigate your wealth picture and life events.

You'll get to know your Fidelity advisor, who will work with you to create a customized plan tailored to your needs and priorities. This partnership will help you grow and protect your wealth over time.

Effective March 31, 2025, Fidelity Personal and Workplace Advisors LLC will merge into Strategic Advisers LLC, but don't worry, your services and benefits will continue uninterrupted.

Here are the benefits you can expect from your dedicated wealth partner or advisor:

By having a dedicated wealth partner or advisor, you'll be able to make informed decisions about your wealth and achieve your long-term financial goals.