6 Steps to Find a Reliable Wealth Management Company

Posted by Angelica Garcia
Feb 15, 2023
Facebook LInkedin Twitter

Managing your wealth can be a complex and time-consuming task. That’s why when choosing the right wealth management company, there are several things you should consider before making your final decision.  pexels-keenan-constance-5691358

These six steps will guide you in finding a reliable company that will help manage your finances for years to come: 

Research Your Options  

To find a reputable wealth management company, start by researching their history and reputation. Do your research to make sure the company you're considering is honest and reliable. 

Start by reading online reviews and researching the company's history, fees, services and any complaints they may have received.  

Then reach out to other investors who have had experience with the company to ask them questions about their service and experience. If you can’t find much information about them online, then perhaps you need to reconsider having their services 

Consider Their Reputation  

When evaluating wealth management companies, reputation is key. Pay attention to how well-respected the company is in the industry and if they have won any awards or recognition for their services. 

Check online reviews and speak with former clients of the company to get their feedback on how they were treated, as well as any issues that may have arisen during their time working with them. This will help you gauge whether this is the reliable company that you’re looking for. 

A wealth management company with a good reputation will be more likely to provide you with long-term, high-quality service and can provide you with the security of knowing that your money is being managed by experienced professionals who have a good track record of success. 

Examine Their Fee Structure  

Before selecting a wealth management company, take the time to review their fee structure. Wealth management companies have various ways of charging for their services, but it's important to understand what you're paying for and how much it will cost you. 

For example, some companies charge a flat fee per year while others charge based on the amount of money under management or in your account. Some firms may offer free consultations and then bill clients after that point; others might require clients to pay an upfront fee for certain services or products (such as asset allocation advice). 

It's important that you ask questions about fees and any hidden costs so you know exactly how much it will cost to work with the company. Compare fees from multiple companies to ensure you’re getting the best value for your money. Finally, be sure to read the fine print of any contract to identify any recurring fees or additional charges that may not be apparent at first glance. 

Ask About Investment Options 

It’s important to find out about the range of investment options offered by your wealth management firm. As it will help you to make sure that you can access the types of investments that align with your goals, and if there are any restrictions on what they will allow clients to invest in.  

For example, does the firm offer access to mutual funds and other forms of pooled assets? Do they provide direct investments in stocks? Do they have experience investing in alternatives like real estate or private equity?  

Make sure that they have a diverse portfolio, and not just one or two specific investments. The more choices you have, the better chance you'll have at finding an investment strategy that fits your goals. 

You should also find out how they approach investing in general; if they're focused on short-term gains or long-term growth; if they diversify across different asset classes (stocks vs bonds vs real estate); and whether there are any restrictions on which types of investments can be purchased. 

READ: Beyond Financial Statements: Assessing Company Management in Startups 


Review Minimum Deposit Requirement 

While you are researching and comparing wealth management companies, it is important to review their minimum deposit requirements. Most companies will require a minimum amount of assets to open an account and begin investing.  

Depending on the level of service you are looking for, this amount can vary greatly from firm to firm. Be sure to ask questions about any additional fees associated with the account and if there are any special requirements for reaching your investment goals. 

Hire the Right Expert 

The next step to finding a reliable wealth management company is to hire an expert who can help you reach your goals.  Look for someone who is knowledgeable about your financial situation, as well as trustworthy and will keep your information confidential. 

If you need a professional services firm that can provide you with a reliable talent, look no further than D&V Philippines. We are a professional services firm who will help you find the right people for your business. Contact us!  

Read our whitepaper, Your Talent Sourcing Partner, to find out how D&V Philippines, a trusted finance and accounting outsourcing expert, can help you access the talent that will drive your investment forward. 

New Call-to-action



Our Outsourcing: How to Make it Work guide explores how you can utilize accounting and finance outsourcing to drive growth to your business and add value to your processes.