What is a wealth management advisor?

Managing your wealth can be a complex and time-consuming task. This is why the intervention of a wealth management advisor, trained to have a global view of your interests, can provide you with decisive help in this regard. Based on your specific situation, it mobilizes all the means likely to make your assets grow.

A versatile advisor

Your advisor can work in a bank or a wealth management company, or else practice his profession as a self-employed person.

In either case, the job of a wealth management advisor is to give you sound advice on how to grow your assets and diversify your holdings.

What makes this professional unique is his global vision of your heritage. Indeed, you charge him to take care of all your property. He will therefore begin by drawing up a statement of your financial situation. He will also try to establish your profile; you may be allergic to any form of risk or your main focus is on profitability. Of course, the advisor should also consider your goals.

It is on the basis of this overall assessment that he will be able to provide you with the most suitable advice to make your assets grow. He can thus advise you to buy or sell a property, or direct you towards rental management. He can also recommend the acquisition of shares, with a view to diversifying your stock market portfolio.

The role of your wealth management advisor is also to recommend certain financial investments. He can therefore advise you to take out life insurance or a retirement savings plan. Sometimes he recommends other profitable acquisitions, such as buying works of art or valuables.

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If this is your goal, he can show you the best ways to raise capital for a personal project, such as financing children’s studies for example.

He is still there to organize the best possible conditions for transmitting the assets to your heirs. It also gives you information on the matrimonial regime or the measures best able to ensure a decent income for the surviving spouse.

Tax optimization advice is still part of the skills of your advisor. In particular, it shows you the main tax reduction measures likely to reduce the tax burden.

Finally, the wealth management advisor can offer professionals support tailored to their specific situation.

A competent professional

To be able to advise clients in the wide variety of management of their assets, this professional must benefit from very comprehensive training. The management of assets in Paris, or elsewhere, supposes, on the part of the advisor, the mastery of various disciplines. It is acquired through higher studies, which can last from two to five years after the baccalaureate.

This multidisciplinary training is based first of all on an excellent knowledge of civil law, in particular family law, as well as the mechanisms of taxation. A great familiarity with the rules of the financial market is added in this professional to his ability to select the most profitable financial products.

The eclectic knowledge of the wealth management advisor is also nourished by an in-depth knowledge of the functioning of the economy and the rules of accounting. Finally, he is familiar with the banking professions and has a high-level general culture, which allows him to write the necessary documents in the rules of the art.

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Decisive qualities

The advisor offers you a wealth strategy based on the assessment of your specific situation. His advice is therefore personalized and follows the evolution of your assets.

This constant adaptation to your needs requires knowing yourself well and understanding your expectations. This necessary proximity, the asset management advisor acquires it thanks to his listening skills and an availability that is never lacking.

Regular training allows him to keep abreast of developments in his profession and the many legislative and regulatory changes. This permanent vigilance, coupled with an intimate knowledge of the markets and financial products, allows the advisor to quickly identify the most promising investments.

The advisor also provides you with analytical skills which allow him to have a synthetic view of your financial situation. It is this faculty of synthesis that allows him to develop a specific strategy to make your assets grow.

You are also dealing with a professional who is aware of his duty of strict confidentiality. In addition, if you choose an independent advisor, you know that, in the choice of the financial products or the investments that he proposes to you, this professional has no commercial objective to respect.

His advice in this area is therefore based only on a personal analysis of your situation, independent of any perspective linked to a bank or an insurance company.

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