Wealth Management Associates

Have you heard the famous proverb, “the art is not in making money, but in keeping it.” Smart high-net-worth individuals realize there’s a big difference between making money and properly managing it, and therefore hire highly skilled and dedicated wealth management associates to protect and grow their wealth and leave as much as possible for their children and grandchildren. Duties for associates vary by firm, but typically include:

• working closely with clients to create an overall financial strategy that encompasses not only investment, but income management, taxes, small business partnerships, a budget, real estate holdings, and estate planning aspects
• taking and placing client orders in advisory and brokerage accounts
• assisting with trading and rebalancing of client investment accounts
• regularly monitoring clients’ portfolios and providing them with regular updates about their status—and being available via telephone, e-mail, and in-person meetings to discuss any issues that arise
• preparing and analyzing balance sheets, financial projections, and other data
• analyzing current economic trends and applying this information to the management of their clients’ portfolios
• following up with clients’ other advisors (certified public accountants, lawyers, etc.) as needed
• generating new business through recommendations by current clients, via good old-fashioned networking at financial conferences and charitable events, by participating in clubs and organizations that have a large membership of high-net-worth individuals, and by cold calling potential clients