Life insurance is a financial tool that is often utilized in wealth Care for its leveraging and preferential tax characteristics. The magnitude of its role in financial planning has led us to develop strong internal consulting capabilities. Insurance is a complex financial asset with a multitude of features and riders that affect cost, risk, and return. These need to be monitored on an ongoing basis. We take a bespoke approach to a client’s insurance needs by reviewing existing policies for necessity, purpose, income and estate tax consequences, risk, cost, and exercisable options. We also analyze the integration of new products vs. other alternative financial instruments and techniques.

An investment adviser usually concentrates on long term investment strategies for wealthy individuals and couples. They deal in all kinds of securities and have a fiduciary responsibility to see to it investments are appropriate for each individual client. Wealth managers help those individuals with a large amount of income and assets with estate planning, risk management, and capital gains planning. Private wealth managers are usually close to their clients and act as a custodian of their money. Having a lot of money is not easy to manage efficiently, and a wealth manager will help to ensure it is managed in the most efficient way possible.Though there are some noteworthy distinctions, there is also considerable overlap between these roles. In fact, financial planners and investment advisors can both be licensed as investment advisors so as to be able to recommend securities to their clients.