If you are wondering if wealth advisors have a minimum investment requirement, then the very simple answer is yes. Typically, a wealth advisor requires that a client have at least $1 million in liquid assets before they will take them on. This differs from a traditional financial advisor who works with people of all income levels. However, if you meet the criteria, then there are definitely benefits to using a wealth advisor in Dallas.
Complicated Tax Matters
Most people of high net worth have tax issues that are quite complicated. To ensure that this scenario is navigated to your benefit, it makes sense to hire a financial manager in Dallas to help you use the tax laws in your favor. One of the best plans that you utilize is to use experts in financial services in Dallas to ensure that you are not overpaying in taxes.
Grow Your Wealth
Wealthy people know that you don’t get to a certain income level and then decide to stop earning money. Instead, they want to continue to see their wealth grow. A financial advisor in Dallas who deals in high-net-worth will use their professional knowledge in financial services in Dallas to aid in their client’s growth.
Beyond High Net Worth
In addition to working with the very wealthy, do wealth advisors have a minimum investment requirement beyond this threshold? The answer again is yes. There is a wealth advisor in Dallas who works with individuals of ultra-high-net-worth which is typically defined as having over $30 million of liquid assets.
Inheritance
Many wealthy individuals and families want to pass their wealth on to future generations. This can be done with the help of a financial manager in Dallas. They will set up the best transfer of wealth plan for you. A financial advisor in Dallas is definitely on your side.
Please contact Westwood Wealth Management at their website.
