After guiding a wide variety of companies and individuals in this space it’s always interesting how there appears to be an aura of something magical behind the curtain yet in reality like many things in life, including the financial industry when it comes to wealth management, it is mostly about being aware, calculated and understanding the environment around you.
Taking a step back, think about the big picture then start to figure out how all of the pieces of the puzzle come together – both when and why – and having the power to predict that is where the magic truly happens. Such an approach also requires thinking outside of the box instead of jumping on the bandwagon while applying your own proprietary analysis to help navigate the wide range of potential market outcomes (what we specialize in).
Below are some of the common questions we have been getting recently along with our feedback:
What does a wealth management consultant do?
Without digging too deep, a wealth management consultant is someone or a firm that essentially comes in to oversee investments and outside vendors (financial advisors, real estate brokerage firms, etc.) to give an independent, honest perspective to their clients to ensure they always win in the end. Essentially, someone on your team who’s always looking out for you and isn’t compensated based on dealflow, trades, commissions, etc.
How do you find the best financial consultant?
In a nutshell, a top financial consultant must be uniquely passionate about the financial markets and truly care about helping clients, be sufficiently trained in the fundamental principles of investing based on the underpinnings of a strong financial intellectual framework, have sufficient hands-on experience as an investor with a proven track record in their areas of expertise, be able to respond to adversity with emotional discipline, and most importantly that you enjoy their company and see yourselves working together to create something bigger in the future.
Is your hedge fund, family office or other financial institution stuck between a rock and a hard place and looking for new solutions? Let’s link up and explore what’s possible.