It’s never a bad time to start preparing for your financial future. That being said, it can be a bit overwhelming to know where to start. With all the financial tools that are out there, it can be hard to know how to best manage your money and make sure you are setting yourself up for future success.
What is a Wealth Management Company?
One option you have is to consult with wealth management professionals like AOG’s Frederick Baerenz, to help you know where to put your money. Wealth management companies specialize in combining different financial services to create a custom plan for individuals looking to put their money to work for them. For instance, an individual like Frederick Baerenz might give investment advice, estate planning advice, tax services, accounting help, or retirement planning advice with just a single set fee.
Benefits of Using a Wealth Management Company
The major benefits of using a wealth management company are that you go to one single place to get help to all of your financial questions, rather than trying to sort through all the different financial services and products that are out there. You are in touch with one single manager who coordinates all of the services and products you need to manage money and make sure your current and future financial needs are met.
Examples of Wealth Management
While most wealth management firms rely on wealthier individuals to stay in business, not all wealthy individuals may need comprehensive wealth management. It’s a very custom service and it’s important to find the fit that’s right for you. That being said, one example of wealth management would be to see a financial manager develop a plan for an individual that starts with their current finances, goals and desired comfort levels. From there, the manager would then meet with the client regularly to discuss goals and review and balance the portfolio.