Since 1992
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If you visit our website, you will see our banner, and it answers this question directly. To save you a minute, here it is: “We build teams of professionals around people, families, and companies to ensure that their investment, insurance, legal, and tax affairs are aligned.” This is indeed the role that a private wealth manager fulfills. But let me be more specific.
The job of private wealth manager is to help you grow your net worth, protect your net worth, live fully from its value, and pass on as much as you desire to the next generation in the most tax efficient and least costly manner possible. This often involves building a team of professionals around you that can ensure such results are realized.
These professionals include financial advisors, investment managers, insurance agents, attorneys, CPAs and other tax professionals, statisticians, and more. If a person does not already have this team working for them yet would like to benefit from all the varied expertise such a team provides, it can be a dauting task to assemble one. This is where wealth managers step in.
As a private wealth firm, our number one duty to clients is to make sure all the right professionals are involved in the planning process. The matters that families and businesses discuss with firms like ours are often sophisticated and complicated, and therefore having the right experts involved is a must for creating a comprehensive plan.
Clients typically are looking for guidance around decisions like investments, insurance products and strategies, tax returns and advanced tax planning, estate documents such as wills, trusts, and power of attorney documents, as well as gifting ideas, philanthropic planning, and planning for the unforeseen. Discussing such topics is par for the course for a wealth manager.
If you find yourself thinking that this all sounds good but are not sure where to start, give us a call. We offer no-fee, no-strings-attached consultations, and I think they will serve you well.
Here is what I promise: When you build the right team around you, you have a high level of peace within you.
See you next month,
Jac Arbour, CFP, ChFC.
Jac Arbour is the president of J.M. Arbour Wealth Management. He can be reached at 207-248-6767. Investment advisory services are offered through Foundations Investment Advisors, LLC, an SEC registered investment adviser.
