All wealth managers are financial advisors, but not all financial advisors are wealth managers. Wealth management becomes more relevant when your net worth exceeds a certain point and your financial future involves more complex planning than your everyday financial plan. Topics like estate planning, tax efficiency, and philanthropy all become an essential part of wealth management. Even more importantly, these areas must be analyzed simultaneously in a way that allows for each goal to be achieved without negatively impacting another goal. If your liquid net worth exceeds $1,000,000 or your total net worth exceeds $3,000,000 it is time to begin talking to a wealth manager at Vector Wealth Strategies.
