FREQUENTLY ASKED QUESTIONS ABOUT WEALTH MANAGEMENT
Q: How Much Does a Wealth Manager Cost?
A: Wealth managers typically charge a transparent fee based on a percentage of assets under management (AUM). This means your wealth manager's success is directly aligned with yours. At Making Investing Personal, we operate as fiduciaries with no hidden commissions. Everything is disclosed upfront, so you know exactly what you're paying for.
Q: Do I Need a Wealth Manager or a Financial Advisor?
A: It depends on your financial situation. A financial advisor often focuses on specific aspects like investments or retirement accounts. A wealth manager, by contrast, provides a more comprehensive service, brinfging together investments, estate planning, tax strategies, risk management, and multi-generational planning. If you have significant assets and want a strategy that protects and grows your family's wealth over the long term, a wealth manager is the right choice.
Q: What is a Fiduciary Wealth Manager?
A: A fiduciary is legally and ethically oblicated to put your best interests first. This matters because not all advisors operate under this standard. At Making Investing Personal, we act as fiduciaries for every client, ensuring that all decisions, strategies, and recommendations are tailored to your family's needs, not driven by commissions.
Q: What Services Does a Wealth Manager provide?
A: A Wealth Manager goes beyond investment advice. At Making Investing Personal our services include:
Investment Distribution (Bucket Planning)
Investment Management
Retirement Planning
Tax-efficient Strategies
Estate and Legacy Planning
Liability and Risk Management
Education and Philanthropy Planning
This holistic approach ensures every part of your financial life works together toward your goals.
Q: Will My Family's Wealth Be Safe With A Wealth Manager?
A: Yes. Your assets are always held by a secure, independent custodian, never directly by the wealth manager. This provides transparency, oversight, and safeguards for your wealth via Fidelity/NFS (National Financial Services).
