Attract and serve high net worth clients
Our Private Wealth Consulting service from Envestnet | PMC works with Advisors and Clients to offer a highly customized investment solution and white-glove service for high-net-worth and ultra-high-net-worth investors.
High net worth investors demand more
Want to be part of the conversation
Want to be part of the investment selection
Want to be part of the ongoing review*
Our Private Wealth Consulting service can help you be prepared for these discussions
Ultra Wealthy. Envestnet- commissioned study by WealthManagement.com. 2023.
As you work with high net worth individuals to build out their holistic financial plans, Private Wealth Consulting is here to help customize portfolios aligned to their objectives. A dedicated Portfolio Manager will work with you and your clients to identify their goals, build to their specifications, and meet one-on-one to review performance and make adjustments. This process allows you to build out your high net worth business without needing additional in-house resources or expertise.
Our Process to build out your high net worth business
Introduction
A dedicated Client Portfolio Manager (CPM) from the Private Wealth Consulting (PWC) Team meets with the Advisor(s) in an introductory meeting to set expectations and share member roles and services.
Discovery
A consultation between the Client, Advisor, and CPM. Review client statements, understand investment strategy biases, and identify client’s customization needs.
Current portfolio review
A consultation between the Client, Advisor, and CPM to review the current portfolio, discuss objectives, and address any concerns.
Proposed portfolio review
The CPM designs a new proposed portfolio based on the discussed needs. The Advisor reviews the proposed portfolio and any adjustments are made.
Advisor-client presentation
CPM and Advisor present the portfolio to the Client. This allows the Client to understand how investments were selected and offers transparency in the process.
Ongoing support
CPM will offer ongoing support to the Advisor and Client, including updates to asset allocation and manager selection, communicating changes, and ongoing reviews with the Client.
The Envestnet | PMC Team is a leader in high net worth portfolio management.
100+ experienced investment professionals.
Access to a wide array of approved managers across asset classes, including 5,000+ approved strategies (SMA, mutual fund, ETF, alternatives, etc.)
More than 20 years of experience in research, consulting, and portfolio management
An Opportunity Within Reach: Today’s High Net Worth Investor
Envestnet is proud to be a thought leader in providing services and strategies for high net worth individuals. Our Thought Leadership Program provides a deep dive into the key insights and trends on high net worth investors, as well as ideas for building out your high net worth business. To request a presentation from our team, please contact us directly.
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How Advisors Can Show Their Value and Win Over High Net Worth Investors
What is a high net worth (HNW) investor, and what do they want from an advisor? How can advisors attract and retain these investors more effectively? This study examines the similarities and differences among HNW investors of all ages, why some investors choose to work with advisors and others don’t, and which advisor services HNW investors are most interested in.
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Envestnet | PMC is the ultimate advisor to the advisor
Envestnet | PMC provides comprehensive investment research, consulting, and portfolio management, including our Private Wealth Consulting services. Our disciplined process incorporates extensive research, rigorous qualitative review, and quantitative analysis. PMC is made up of 100+ experienced investment professionals, including:1 32 CFA® charterholders 7 CAIAs, 1 PhD 27 Research Analysts 7 Portfolio Managers 41 Consultants
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* Required Field
"Having enough money for retirement” was cited as the most pressing financial concern by 57% of high net worth investors and topped the list across generations.*
Let the Private Wealth Consulting team help you address your clients’ concerns around retirement and beyond.
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1*As of May 23, 2023.
2*Source: Rethinking Expectations for HNW Investors: How Advisors Can Show Their Value and Win the Ultra Wealthy. Envestnet- commissioned study by WealthManagement.com. 2023
Nothing contained herein is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Investing carries certain risks and there is no assurance that investing in accordance with the strategies mentioned will provide positive performance over any period of time. Investors could lose money if they invest in accordance with the portfolios discussed herein. Past performance is not indicative of future results.
For more details on PMC’s research practices and/or portfolio attributes, please contact pmc@envestnet.com or call 1-888-612-9300. Advisors should always conduct their own research and due diligence on investment products and the product managers prior to offering or making a recommendation to a client.