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How do you select your Wealth Manager?

Firstly, why should you hire a Wealth Manager?

To optimise your most valuable and rapidly diminishing asset - TIME.

​How does hiring a Wealth Manager can save you time?

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  • not needing to learn how to manage wealth effectively, it is not the easiest thing to do and often you need to make mistakes to become effective, and/or

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  • ​not spending hours pouring over information to effectively manage your investments, insurances, legal ownership structures, savings, KiwiSaver, and wealth transfers.

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This allows you to spend your time doing the things that are important to you, like spending time with family or travelling.

With so many options, the next question is... who do you hire?

We believe you need to hire a manager who:

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  1. Is someone you trust to treat you fairly

  2. Uses an effective and understandable strategy to maximise your wealth and manage risk

  3. Will save you the most time

What questions to ask when considering any Wealth manager?

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1) What to ask when considering if you can trust a Wealth Manager to act in your best interests not theirs?

  • Do they charge low fees?

  • Do they make money from transactions they recommend at the time of the transaction? Such as on brokerage and currency conversions.

  • Are they accountable for the performance of your investment portfolio, meaning if they do poorly can you be somewhat compensated?

  • Do they follow their own advice to investors? Can you check this?

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2) What to ask when considering if they can grow your wealth?

  • Do they offer comprehensive financial planning and better yet, for free?

  • Do they focus on preventing capital losses first?

  • Do they utilise a risk management strategy that makes sense to you?

  • Do they utilise a growth strategy that makes sense to you?

  • Do they follow this strategy themselves?

  • Do they charge fair fees?

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3) What to ask when considering if they can save you time?

  • Do they offer you multiple services?

  • Do they provide tax reports for you and your accountant?

  • Are they available for guidance on all aspects of wealth related decisions you need to make?

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