Are there any wealth management DC experts?

The number of individuals requiring specialized wealth management experts has gone up despite a downturn across the economies of the world. Such is the demand that several top universities in the United States, United Kingdom, and Australia have started offering short courses on the subject. The demand for wealth management DC experts has increased too. Several individual likes to handle their own assets and estate but most people might not have the time to invest in experts for them. Wealth management, in itself, is a now a specialized field best left to the experts.

Basically these experts take up individual or corporate assignments. In this respect, individual needs are very different from that of the corporate clients. Wealth management DC experts take up clients of high net worth like celebrities, industrialists, artistes, etc. who have assets worth more than at least $1 million apart from their residential premises. This assessment covers all aspects of taxation, estate planning, retirement issues, etc.

Individuals of high net worth need an expert who would spend time understanding not only their financial status and what the best way to invest for future growth is, but also how the client's current lifestyle can be maintained even if he retires. This is a complex issue and requires careful understanding of market parameters and the client's professional life along with earning potential over time.

A good wealth management DC expert would also focus on tax planning including requirements for setting up trusts, managing donations, planning for maximizing tax savings, etc.

Another crucial aspect would be estate planning. This would also include proper documentation particularly those of a will, grants, bursaries, etc. Therefore, a wealth management DC expert working for an individual would have to sensitive to individual needs also along with possessing a professional outlook.

Wealth management DC experts can be located via the Internet but it is always a good idea to conduct a survey first. You might like to seek recommendations or draw up a requirement list before conducting a survey of the best experts available in your area. The Yellow Pages has a long list of such managers and companies offering services of international standards.

As an individual of high net worth looking for a Wealth management DC expert you might like to evaluate a potential manager on the basis of the following questions – How often would you hear from your adviser; how would you be told and at what intervals whenever trading takes place in any of your accounts; would you be involved in the daily management of your estate and portfolio and to what extent you would like to delegate powers and duties; what kind of investment performance targets you would like to set and expect.