Wealth Manager
Savimap selects, reviews and compares for you the best wealth managers available online for remote consultation by video call, phone or email. Free of charge and totally independent.
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Leonardo Morre
🟢🟢🟢 Independent Financial Advisor with over 20 years of experience. ESG and SRI Expert.
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Frank Mulcahy
🟢🟢"Best in class" expert deal with investing, retirement, financial planning, insurance, estate planning, accounting, tax, legal, debt and real-estate to achieve "best results "
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Christopher Gething
🟢🟢 Christopher Gething is a financial advisor with over 15 years of experience based in NY City Area, with previous experience as a mechanical engineer.
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Steven Worral
🟢🟢 Financial Advisor with over 20 years of experience and founder of Front Row Financial. Expert in financial planning, investment and retirement.
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Leighann Miko
🟢🟢🟢 Financial Planner since 2007, Leighann Miko founded its firm in 2017 and she is also recognized in the LBGTQ+ community. A "woman with a plan!"
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Amol Desai
🟢🟢🟢 Amol Desai is a CFP® and CFA: he grew-up in India and developped his +15 years of experience during prosperous and turbulent economic times. MBA from Rice University.
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Colt Ryan
🟢🟢 Independent certified financial planner with 5+ years of experience. He helps people achieve their financial goals through informed financial assistance.
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Jason Mickool
🟢🟢🟢 Industry expert with 25 years of experience and recognized as a Top Financial Advisor. President of Florida Financial Advisors: a comprehensive financial planning and wealth management firm
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Sheila P. Padden
🟢🟢 Over 40 years of experience, of which +25 as CPA and +10 as President of his company, offering fee-only financial planning for individuals and families
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Patrick Bourbon
🟢🟢🟢 Fee-only independent Financial Advisor with 20+ years of experience. Your Personal CFO: Helping You Make Better Decisions - Save You Time - Less Conflicted Financial Advice (Peace of Mind)
What is a Wealth Manager exactly?
Wealth managers work with their clients to develop a comprehensive financial plan that takes into account their customers’ unique financial situations, goals, and objectives. This may involve analyzing their clients’ revenue, expenses, investments, liabilities, and tax situation, as well as their long-term financial goals, such as retirement planning or funding their children’s education. It is said that a good wealth manager, first understands their customers’ life goals, and then translates them into a financial plan.
Based on this analysis, wealth managers will design a customized investment plan for their clients. This plan will take into account their clients’ investment goals, risk tolerance, and time horizon, and may involve selecting and managing individual stocks, bonds, and other securities, as well as utilizing various investment strategies such as diversification, asset allocation, and risk management techniques.
Wealth managers may also provide a range of other services to their clients, including tax planning, estate planning, insurance, and also philanthropic planning. For example, they may work with their clients’ tax advisors to minimize their tax liabilities or with their clients’ attorneys to develop an estate plan that takes into account their clients’ wishes for the distribution of their assets. Inheritance is also often an important subject to be taken into consideration.
One of the key benefits of working with a wealth manager is the level of personalized attention they provide. Wealth managers will typically work closely with their clients over an extended period of time, monitoring their financial situation and adjusting their investment strategy as needed to help them achieve their financial goals.
Wealth managers are typically highly skilled financial professionals with expertise in investment management, financial planning, and tax and estate planning. They may hold advanced degrees in finance or related fields and may also hold professional certifications such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA).
Overall, the role of a wealth manager is to help high-net-worth individuals and families achieve their financial goals by providing personalized financial planning and investment management services. They work closely with their clients to understand their unique financial situations and goals and develop customized wealth management strategies that help them achieve their financial objectives.
Selecting a Wealth Manager
Choosing a Wealth Manager is a crucial decision that will determine the outcome of your investment goals.
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Savimap Excellence Score
Not only we select and compare financial planners for you. We also deeply and carefully review them.
Our editors and mystery customers periodically assess the financial planners you can find on Savimap. If and only they are excellent, they are given a Savimap Excellence Score which ranges from 1 to 3 green dots. Our evaluations are based on 6 criteria: quality of technical advice, clearness, range of expertise, availability, human touch and fees.
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How does Savimap work?
Search and compare Financial Advisors
Profit of the Savimap extensive database of financial advisors to find the ones who better fit your needs. We generally suggest to discuss with 3 to 5 in order to have different views and proposals.
Please note that on Savimap you can contact a maximum of 5 financial planners per month.
Get in touch
Once you have identified your preferred financial advisors, clik on "get in touch" : your contact information will be sent to the financial planner who will quickly get back to you. Some financial planners also offers you the possibility to directly book a a Video call or to phone them directly.
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Advisor
Discuss with your Financial Advisors
Financial Planners are independent from Savimap. You can freely discuss and agree on the fees applied, how and how often to discuss with your advisor. Some investors just need one call or one specific advice, while most investors ask for an initial check-up, then periodic calls to update their portfolio and investment choices. It is up to you!
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We’re here to all your questions
For more frequently asked questions and general information visit our Frequently Asked Questions section.
How much does a Wealth Manager cost?
The cost of a wealth manager depends on several factors. The most important are: the size of the portfolio being managed, the complexity of the client’s financial situation, the level of services provided, and of course the country or region you live in.
Generally, wealth managers charge a percentage of the assets under management (AUM) as their fee. This fee can range from 0.5% to 2% of the AUM per year, with higher fees typically being charged for smaller portfolios and lower fees for larger portfolios. Some wealth managers may also charge additional fees for financial planning or other specialized services.
It’s essential to note that while the cost of a wealth manager may seem relatively high, it’s important to consider the value of the services provided. A wealth manager can provide personalized financial planning and investment management services that can help clients achieve their financial goals and navigate complex financial situations. Additionally, the fees charged by a wealth manager may be tax-deductible, depending on the client’s individual tax situation.
What is the difference between a wealth manager and an investment advisor?
Wealth managers and investment advisors both provide financial advice and investment management services, but there are some fundamental differences between the two professions.
The key difference between wealth managers and investment advisors is the scope of their services. Wealth managers provide a wide range of financial planning and investment management services, while investment advisors focus primarily on managing investments. Wealth managers work closely with their customers to create customized solutions that take into account all aspects of their financial lives, while investment advisors focus mainly on managing their clients’ investments.
Another important difference between wealth managers and investment advisors is the type of customers they usually serve. Wealth managers typically work with high-net-worth individuals and families who have complex financial situations and require a high level of personalized attention. Investment advisors may work with a broader range of clients, including individuals, families, and institutions.
In summary, while both wealth managers and investment advisors provide financial advice and investment management services, wealth managers offer a more comprehensive range of services and work exclusively with high-net-worth clients. Investment advisors focus primarily on managing investments and may work with a wider range of customers.
Will a wealth manager access my capital?
No, it is up to you to decide, you can delegate financial advisors to directly manage your capital, but it is generally advised not to do so. Most of the time, the best idea is to have your financial advisors give you only guidance. Then you are in charge of actually investing your money. This way, the financial advisor will suggest to you the best actions, but you will keep control of the final decisions, and you prevent most fraud risks.
Should I always consult independent wealth managers?
Once again, it is always up to you, but it is indeed considered a good idea to be advised by an independent wealth manager. The fee you pay will be more transparent, and they will be much more inclined to suggest to you the best products, and not the products they make them gain more commissions. However, financial advisors linked to specific financial institutions may be a good choice if you want or need to access a specific product or investment solution.
