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Planning Your Financial Future with a Long-Term Perspective

Financial security is a top priority for many, but investing is complex and managing wealth effectively can be a challenge. With the right advisory team, you can feel confident you are making smart money moves to achieve your financial goals now and in the future.

To help you make the best financial decisions around wealth management, you’ll need the right advisor to help you make informed decisions.

REDW Wealth has more than 20 years of experience assisting clients with wealth management, investment management, and retirement plan advisory. Our professional advisors offer comprehensive planning designed to grow and protect your wealth.

REDW Wealth Management

Our job is to provide you with direction and assistance in prioritizing the allocation of resources and understanding what you need to know to make wise financial decisions.

Paul Madrid, CFA®, CFP®, AIFA®Wealth Management Practice Leader

Understanding the Importance of Wealth Management Advisory

Wealth management advisory is a specialized service offered by certified financial planners and wealth management advisors to help high-net-worth individuals, business owners and families protect and grow their wealth. It encompasses a range of services including investment management, tax planning, estate planning and retirement and Social Security planning.

Services Offered by REDW Wealth Management Advisors

REDW Wealth advisory services cover a broad spectrum of financial fields, often varying based on the client's needs. The more complex an individual's financial situation, particularly for those with a high net worth or business owners, the more REDW Wealth advisors work in multiple specialized areas.

Investment Management & Consulting

Our recommendations are based entirely on your needs.

Does your investment portfolio keep you awake at night? We understand the importance of peace of mind. Our investment management services will match your personal level of risk tolerance. Customized for individuals, families, businesses, non-profits, and tribes, our experience ranges from doing internal audit testing for large government agencies to creating customized investment policies for tribes.

  • Creating/updating your investment policy statement
  • Designing asset allocation strategies to meet a specific return goal
  • Assisting as an independent consultant in Requests for Proposals (RFP)
  • Performing a fee analysis on your investments against benchmarks
  • Assisting committees and trustees on meeting their fiduciary responsibilities
  • Providing education and training on investments, retirement plans, and fiduciary roles
  • Forecasting long term budgets against the portfolio’s expected return and risk

Investment Management & Consulting

Our experience ranges from doing internal audit testing for large government agencies to creating customized investment policies for Native American tribes.

  • Creating/updating your investment policy statement
  • Designing asset allocation strategies to meet a specific return goal
  • Assisting as an independent consultant in Requests for Proposals (RFPs)
  • Performing a fee analysis on your investments against benchmarks
  • Assisting committees and trustees on meeting their fiduciary responsibilities
  • Providing education and training on investments, retirement plans, and fiduciary roles
  • Forecasting long-term budgets against the portfolio’s expected return and risk

Employee Retirement Plan Investment Advisory

Solid fiduciary practices benefit both employees and plan fiduciaries. At REDW Wealth, our retirement plan advisory practice works with businesses, nonprofit organizations, and tribal entities to ensure they have the best service alternatives and investment vehicles for their plans.

REDW Wealth can help increase employee engagement with a financial wellness program that educates employees on your plan’s benefits. As your extended team, we will save you time so you can grow your business.

Our team of experienced retirement plan professionals offers three distinct advantages:

  • Exclusive process identifying investment vehicles best suited to your particular plan
  • A fee-only structure
  • Fiduciary education models and individualized education programs

Fiduciary Assessments & Training

People in a position of trust, such as nonprofit board members or members of investment committees, increasingly want to know they’re practicing good fiscal management. REDW Wealth offers a fiduciary assessment that provides a third-party opinion about the investment and organizational processes being followed, as well as methods for improving them.

Why Do You Need Wealth Management Advisory?

Choosing the right investing strategy can be challenging — what is your time frame for investing, how much money can you put toward investing at this stage of your life, when do you expect to retire, and how much risk are you comfortable with? A skilled wealth management advisor can help discuss these issues and clarify investment goals to make well-informed decisions. Wealth management advisory services can also aid with tax efficiency and inheritance planning. Above all, because they keep up with the research and track the performance of stocks and bonds and other financial vehicles, wealth advisors help to reduce the stress of managing large sums of money.

The Benefits of Hiring a Wealth Management Advisor

Wealth management advisors work closely with clients to understand their financial goals and risk tolerance and develop strategic plans. Their approach not only focuses on wealth accumulation, but also on wealth preservation and transfer. Additionally, they provide expertise that can help clients deal with complex financial situations, such as setting up a trust, planning for a child’s college education, or dealing with financial windfalls like an inheritance or sale of a business.

How Does Wealth Management Advisory Differ from Other Financial Services?

Long-term financial planning is a core principle of wealth management advisory, distinguishing it from other services like brokerage accounts. Another main difference is the personalized touch that these advisors offer. A conventional financial advisor may have hundreds, if not thousands of clients, whereas wealth management advisors typically offer more individualized attention.

Finding the Right Wealth Management Advisor

A potential wealth management advisor should have a solid track record, demonstrated through how long client relationships last and national and local rankings. They should also hold relevant certifications such as Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA). For example, CFA professionals meet rigorous investment education, training and ethical standards and CPAs are qualified to answer complex tax questions.

Asking the Right Questions During the Initial Consultation

Before hiring the advisor, you need to ask certain detailed questions about their experience, clientele, investment strategies, and more importantly, how they get paid. Do not hesitate to ask tough questions; your financial future is at stake.

Regular Communication and Updates

One of the significant aspects that make wealth advisors work effectively is regular communication. This implies not just discussing investment management strategies, but also sharing updates about changes in the financial world and discussing their impact on your financial goals. A long-term relationship with your wealth management advisor involves regular reassessment of your financial goals and adjustment of strategies. A certified financial planner needs to understand the dynamic nature of your financial situation and make necessary alterations in your wealth management strategies.

FAQs

What is the difference between wealth management and wealth advisory?

Wealth management and wealth advisory are terms that are often used interchangeably, but they do have slight differences. Wealth management typically refers to a comprehensive suite of financial services that help individuals or families manage their wealth. This can include services such as investment management, financial planning, tax planning, estate planning, and risk management. Wealth advisory, on the other hand, is a narrower term that focuses specifically on providing advice and guidance to clients on their wealth management strategies. It may involve developing investment portfolios, analyzing financial goals, and providing ongoing advice and recommendations to help clients grow and protect their wealth. In essence, wealth management is a broader term that encompasses a range of financial services, while wealth advisory specifically refers to the advisory aspect of managing wealth.

Are wealth management advisors worth it?

Wealth management advisors often provide a range of services tailored to meet the specific needs and goals of high net worth individuals. While their fees may be considerable, many find that the expertise and guidance provided by wealth management advisors can be worth the cost. These advisors have access to a wide range of investment opportunities and can help clients navigate complex financial situations, such as estate planning, tax strategies, and risk management. They can also provide personalized advice and help clients stay on track with their long-term financial goals. Overall, the value of a wealth management advisor ultimately depends on an individual’s financial situation, goals, and preferences.

Who needs a wealth management advisor?

Anyone who has a significant amount of wealth or complex financial needs can benefit from the services of a wealth management advisor. These individuals may include high-net-worth individuals, business owners, executives, professionals, and anyone who wants a professional to help them maximize their financial resources and achieve their financial goals. A wealth management advisor can provide personalized guidance and expertise in various areas such as investment management, tax planning, estate planning, retirement planning, and risk management. They can help clients navigate through the complexities of the financial landscape and make informed decisions to preserve and grow their wealth over time.

We Can Help

At REDW Wealth, our collaborative approach is based on mutual trust and respect, as well as open, honest communication. We’re proud of the many long-lasting relationships we have had with our clients.

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Fair and Balanced Statement

Adherence to our fiduciary duty is not a guarantee of client satisfaction or any particular outcome. Not all services will be appropriate or necessary for all clients, and the potential value and benefit of the advisor’s services will vary based upon a variety of factors, such as the client’s investment, tax, and financial circumstances and overall objectives. The effectiveness and potential success of the firm’s investment services depends on a variety of factors, including but not limited to the overall level of client assets and contribution and withdrawal rates, timing and manner of implementation, and market conditions. Low cost investments reflect the firm’s fiduciary requirement to seek best execution in client securities transactions but does not guarantee that the lowest overall cost (including transaction fees and commissions and pooled vehicle expense ratios) will be attained in all instances. Neither personalized nor tailored services should be construed as a guarantee of a particular outcome. Past performance does not guarantee future results. All investing comes with risk, including risk of loss. Advisory services provided by REDW Wealth LLC. Tax and accounting services provided by REDW LLC.

Professional Designations