People with large investable assets must constantly monitor the markets and make timely investment decisions. Only in this way can they protect their wealth and increase it. But what about those affluent people who decide to devote themselves to another type of activity? And where can those who lack knowledge in economics, law, finance, and other sciences get the advice? In such cases, wealth management companies come to the aid of wealthy families or individuals.
The modern digital world creates ideal conditions for getting financial advice. You can live anywhere in the world and still benefit from the services of some of the world’s most respected advisory firms. All of them have official websites, which present the range of their services, their approach to managing the assets of wealthy families, as well as reviews from other clients. For example, by visiting the Certuity Company website, you will learn about the experience of developing a dynamic wealth management strategy https://certuity.com/wealth-management/, which differs significantly from the traditional one.
Let’s take a look at the top 5 most famous wealth management websites that offer their services on a wide range of issues.
Opportunities and Risks of Wealth Management Services
The specificity of the financial advisory services market is such that wealthy clients gravitate towards a small number of reputable companies. This is due to the high risks of transferring the right to manage their assets or at least follow the advice of such companies. Therefore, affluent families prefer to work with already proven advisors with a high reputation. After all, financial advisors can either increase their finances and portfolio or lead to major losses. Let’s compare the opportunities that open up for clients of wealth management websites and the risks they bear.
| Functions of Wealth Management Companies | Advantages | Risks |
| Analysis of the client’s financial conditionInvestment advice and strategiesSearch and offer of investment productsRisk assessment and mitigationEstate and tax planningProviding access to unique investment opportunitiesMarket monitoringInvestment portfolio management | Careful accounting and control of all assetsPreservation and increase of capitalTax reductionCompetent diversification of the investment portfolioTimely reaction to all market fluctuationsDeveloping and following a strategic planMitigating financial stressAccess to a wide range of specialists in the team | Lack of team professionalismPromotion of unprofitable investment productsTendency to follow only traditional investment solutionsInability to cope with stressful situationsTaking unjustified risks with clients’ money for the sake of experimentation |
In the context of the digital revolution in wealth management, these risks and opportunities are multiplied. Relying on new technologies makes it possible to compensate for human weaknesses in instantly processing large amounts of data. At the same time, the imperfection of software tools can provoke large losses. In addition, as digitalization researchers note http://pinguet.free.fr/digitalrevo.pdf , digital data can be subject to manipulation, so reliance on digital technologies should be accompanied by increased attention to cybersecurity. Therefore, the right choice of wealth management websites is the key to increasing your assets and protecting them from scammers.
Best Wealth Management Websites for Getting Smart Financial Advice
Certuity
Certuity Company has extensive experience in managing the assets of ultra-high-net-worth families and providing OCIO services. Therefore, its approach to wealth management is distinguished by fundamental research and thorough risk analysis. Having worked with wealthy clients for several decades, the company has developed extensive experience in managing investment portfolios, estate and tax planning, and issues such as philanthropy, preparing the next generations for business transition, etc. Certuity provides its services to individual clients and their families and institutional clients.
Mercer Advisors
Mercer Advisors has a proven track record of over 40 years of helping affluent individuals manage their wealth. The company provides its clients with a full in-house team consisting of planners, estate strategists, accountants, etc. In addition to wealth management, the company offers Trustee Services, Insurance Solutions, etc.
Edward Jones
The company was founded more than 100 years ago and has gained a reputation as one of the best portfolio managers. Edward Jones serves clients not only in the USA but also in Canada and has more than 15 thousand branches. When visiting the company’s website, the user is matched with an advisor who can provide them with online consultations.
Kuttin Wealth Management
The company offers personalized financial advice to effectively manage your wealth. Regular meetings with advisors and access to them at any time ensure that you receive timely advice in any emergency. The company also offers convenient online access to clients’ accounts, where you can store all investment information. Also, you can install the company’s app that allows users to communicate with their advisors and monitor all information on their assets.
Merrill Private Wealth Management
This company is one of the largest in the consulting services market. It employs more than 14 thousand professionals in various areas related to the management of financial assets. The company is one of the divisions of Bank of America, and therefore, its reputation is reinforced by the authority of this largest bank. By visiting the company’s website, you can choose the advisor you need and make decisions based on their experience and professionalism.
The Bottom Line
Wealth management differs from simple investment advice because it requires a more comprehensive approach. Only companies that have already gained significant experience in solving multiple problems associated with managing the assets of wealthy clients can help you. Therefore, contact the websites of those advisory services that highlight wealth management as a separate area of activity.