The purpose of estate tax planning is to maximize the assets you pass on to future generations by minimizing gift and estate taxes. Estate-tax strategies revolve around the use of irrevocable trusts. This article discusses the most common types of irrevocable trusts that are used to minimize gift and estate […]
An investment consultant is a professional who provides investment advice to clients. They typically have a lot of experience in the financial industry and are well-educated in investments and financial planning. When working with clients, an investment consultant will assess their financial situation and recommend investment strategies. They may also manage assets on behalf of clients.
Three main types of investment consultant customers are individual investors, institutional investors, and private wealth managers.
Individual investors are people who invest money on their behalf. They may use an investment consultant to help them choose appropriate investments for their portfolio.
Institutional investors invest money on behalf of other people or organizations. Therefore, they may use an investment consultant to help them choose appropriate investments for their portfolios and manage their assets.
Private wealth managers are professionals who provide investment advice to high-net-worth individuals. They typically have a lot of experience in the financial industry and are well-educated in investments and financial planning. In addition, they may use an investment consultant to help them choose appropriate investments for their clients’ portfolios and to manage their investments.
The average fees for hiring an investment consultant can vary depending on the consultant’s experience and the provided services. However, most investment consultants charge a percentage of the assets they manage. These fees can range from around 1% to as high as 4%.
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