Merrill can offer personalized Wealth Management advice and guidance that evolves with your needs, as well as Self-Directed investing. Bank of America Private Bank can help you and your family with sophisticated planning and solutions to manage substantial wealth — now, and for future generations.
Hereof, do I need a private wealth manager?
In general, you should consider a wealth manager if have a high net worth and want comprehensive management of your finances. … For example, some wealth management firms require a minimum of $1 million, $10 million or even more just to open an account.
Keeping this in consideration, what does a private wealth manager do?
Private Wealth Management (PWM) involves the management of assets of high-net-worth individuals (HNWI) or accredited investors. Private wealth managers create a close working relationship with wealthy clients to understand their financial needs and to help build a portfolio that achieves the client’s financial goals.