Knowing the impact of your choices on your finances is important for planning for the future. One choice that you may make that could support the pursuit of your financial goals is working with a financial professional. Before you get started, though, it’s important to understand the roles and services of different professionals. Here’s an overview of the differences between a wealth manager and a financial advisor—to learn more, call Harvest Wealth Partners directly.
A wealth manager is a financial professional whose primary responsibility is to preserve and grow existing wealth and assets. As such, wealth managers typically only work with privately wealthy individuals and families, and may provide services such as tax and estate planning, investment services, and other advice directly related to wealth growth.
While a wealth manager is primarily concerned with growing a client’s assets, a financial advisor provides a wide range of financial advice related to day-to-day finances and investment decisions. For example, a financial advisor may offer the following services:
Whether you should work with a wealth manager or a financial advisor depends on your individual financial goals. If you are a privately wealthy individual who needs support in managing that wealth, a wealth manager may be more appropriate; if you are someone who is looking for support when it comes to planning for retirement, creating a budget, or making investment decisions, a financial advisor can help.
To learn more about the differences between a wealth manager and a financial advisor and which one may be a better fit for your financial needs, call Harvest Wealth Partners directly today. We offer free initial consultations.
Harvest Wealth Partners is committed to helping our clients work towards a successful future. We believe in your potential to understand the financial options that can lead you to your goals. Call us today to partner with our team. We look forward to continuing our mission for years to come.
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