Master Wealth Management Secrets for High Net Worth Individuals
Costs and Considerations
The cost of wealth management services can vary significantly depending on the level of service and the complexity of your financial situation. Typically, wealth managers charge a percentage of assets under management (AUM), which can range from 0.5% to 2% annually1. It's essential to evaluate the value provided by these services against their cost, ensuring that the benefits outweigh the expenses. Additionally, consider the wealth manager's experience, reputation, and the range of services offered when making your decision.