Financial Management vs. Wealth Management

[vc_row][vc_column][vc_column_text css_animation=”fadeIn”]It’s easy to think only the rich need some help with their financial matters. Highly affluent individuals may choose to work with a wealth management firm that coordinates all financial services and involves oversight in all aspects of financial planning such as investment advice, portfolio management, tax services, retirement planning, and estate planning.

The important thing to remember is a wealth manager isn’t necessarily the same thing as a financial planner. Individuals at all income levels can benefit from financial planning and advice to prepare for their retirement.[/vc_column_text][/vc_column][/vc_row][vc_row type=”vc_default” full_width=”stretch_row” equal_height=”yes” bg_type=”image” parallax_style=”vcpb-vz-jquery” bg_image_new=”id^270|url^https://TheRetirementSolution.com/wp-content/uploads/2017/10/back-app.jpg|caption^null|alt^null|title^back-app|description^null” css=”.vc_custom_1508086779490{margin-top: 50px !important;padding-top: 3% !important;padding-bottom: 5% !important;}”][vc_column][ultimate_heading main_heading=”The Present vs. the Future” main_heading_margin=”margin-bottom:2%;” main_heading_font_size=”desktop:24px;” margin_design_tab_text=”” sub_heading_margin=”margin-bottom:2%;”]

It’s important to know the main differences between financial planners and wealth managers so you can find the right type of financial assistance. When it comes to your financial future, you need to be planning for what you will have years from now instead of managing what you have now. This is the key difference between financial planners and wealth managers: planners actually plan for your future. Specifically:

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Financial planners and wealth managers differ by the financial advice given, the type of products offered, and the type of clients they serve.

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Financial planners specialize in assisting with services designed to help maintain or improve your lifestyle, which includes budgeting and creating cash flow. An investment advisor teaches their clients to focus on cash flow, and not necessarily a primary focus on net-worth, making sure that one day there is enough to live off the interest or investment proceeds.

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The goal with an investment planner is to build a sustainable income that will provide for the lifestyle you intend to lead in your post-career phase of life. Financial advisors usually have a range of net-worth clients, however, most are middle class and need to make their money work for them throughout their retirement years.

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A wealth manager works with ultra-high-end net-worth individuals to manage a great quantity of money, and they are less concerned with what kind of hobbies or luxurious lifestyle they envision in their golden years. A prudent manager of sophisticated wealth focused solely on preservation may choose to stay with the family over generational timeframes.

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Financial Planners Are for Anyone

You don’t need a six-figure income to benefit from the right financial planner. Anyone who wants to enjoy their retirement years without financial worries needs someone in their corner to help plan and prepare.

Come meet with one of our qualified financial planners to see how we can help you prepare for your future. The initial meeting is always complimentary, so you can learn about our services, have questions answered, and get any other information you need to make the next step.[/vc_column_text][/vc_column][/vc_row][vc_row type=”vc_default” full_width=”stretch_row” bg_type=”image” parallax_style=”vcpb-default” bg_image_new=”id^205|url^https://TheRetirementSolution.com/wp-content/uploads/2017/09/contact.jpg|caption^null|alt^null|title^contact|description^null” bg_image_repeat=”no-repeat” css=”.vc_custom_1508081792029{margin-top: 0px !important;padding-top: 3% !important;padding-bottom: 3% !important;}”][vc_column][vc_row_inner][vc_column_inner width=”2/3″][ultimate_heading main_heading=”SCHEDULE A FREE CONSULTATION” main_heading_color=”#f5f5f5″ alignment=”left” spacer=”line_only” spacer_position=”bottom” line_height=”2″ line_color=”#f3c400″ line_width=”115″ main_heading_margin=”margin-bottom:2%;”][/ultimate_heading][vc_column_text css=”.vc_custom_1509303908720{margin-top: 2% !important;}”]Providing for family, spending time with grandkids, traveling. You shouldn’t be wasting your golden years worrying about electric bills or the balance of your checking account. We’ve helped hundreds of people retire confidently and we can’t wait to do the same for you.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/3″ css=”.vc_custom_1507537293105{margin-top: 8% !important;}”][ult_buttons btn_title=”CONTACT US” btn_link=”url:%2Fcontact|||” btn_align=”ubtn-center” btn_size=”ubtn-large” btn_title_color=”#1b355e” btn_bg_color=”#f3c400″ btn_hover=”ubtn-top-bg” btn_bg_color_hover=”#1b355e” btn_title_color_hover=”#f3c400″ icon_size=”32″ btn_icon_pos=”ubtn-sep-icon-at-left” btn_font_size=”desktop:18px;”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]

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