What Are the Best Wealth Management Firms

Investment management, financial planning, and wealth management are all important pieces of the puzzle when it comes to achieving financial stability and security.

And while most people think of wealth management as something only for the ultra-rich, the truth is that good wealth management firms can help anyone achieve their financial goals, no matter how modest or ambitious they may be.

A wealth management firm can provide you with expert advice and guidance on everything from saving for retirement to investing in stocks and bonds . They can also help you plan your estate and protect your assets from lawsuits and other unforeseen events.

So if you're looking for reliable, professional help in managing your finances, wealth management firms are the perfect solution.

In this article, we'll look at why it's important to choose the best wealth management firm for your needs, and then we'll look at some of the top firms out there.

What is Wealth Management?

Wealth management is the process of making sure your valuable possessions are well taken care of. This can include anything from managing your investment portfolio to ensuring your children have the best possible quality of life.

Wealth management firms typically provide a range of services, from investment advice to financial planning. Some wealth management firms also offer additional services, such as estate planning and tax advice. While you can manage your wealth on your own, it can be helpful to work with a professional wealth manager.

Wealth managers and financial advisors can provide valuable insights and expertise that can help you make the most of your assets. If you're looking for wealth management firms, there are many reputable companies to choose from. You can find a wealth management firms that fits your needs by doing some research online or talking to friends and family members who have experience with investment management.

How does wealth management work?

Wealth management is the process of helping high-net-worth individuals grow and preserve their wealth. Financial advisors who specialize in wealth management work with clients to develop long-term financial plans that include investing, saving, and spending strategies.

Wealth management also encompasses financial and retirement planning for life events such as death, and disability.

A financial advisory firm that offers wealth management services generally employs financial advisors who have earned the Certified Financial Planner (CFP) designation. Wealth management is a holistic approach to financial planning that takes into account a client's entire financial picture. This includes not only investments but also insurance, taxes, estate planning, and philanthropy.

For wealth managers, the goal is to help clients build and maintain a portfolio of assets that will meet their financial goals over the long term.

Register for more information and to subscribe to Lyons Wealth Monthly Newsletter to get investment insights about our Forward Thinking • Investment Strategies.

  For Investors with a minimum of $100,000

Please choose a value.

What to look for when choosing a wealth management firm

When it comes to managing your finances, it's important to choose wealth management firms that you can trust. Here are a few factors to consider when making your choice:

Licensing and Certification

If you're looking for a financial advisor, it's important to ensure they're licensed and certified. A wealth management company licensed and certified by the relevant financial authorities, such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA), is a good choice.

This ensures that the wealth management solutions offered by the firm are of high quality and meet industry standards. When choosing a financial advisor, always check their credentials to ensure you're getting the best possible advice.

Investment Strategies

Investment strategies for wealth management firms should be determined by the specific wealth manager and the needs of each client. Investment strategy consultation is a wealth management service where wealth managers meet with institutional clients to get a better understanding of their goals.

After wealth advisement, wealth managers will have a better idea of what type of investments and asset classes are best suited for each client. By having an investment strategy in place, wealth management firms can ensure that their client's assets are best suited to their individual needs.

Fees and Services

Different wealth management firms charge different fees for their services. Some firms may charge flat fees, while others may charge a percentage of the assets under management. Take the time to compare fees across various wealth management firms in order to get the best value for your money.

Additionally, be sure to read over any contracts carefully before signing to make sure you understand what services are included in the fees

Finally, be sure to ask any questions that you may have about the wealth manager's services and fees. This will help ensure that you're getting the best possible advice for your individual financial goals.

Transparency and Communication

Good communication is essential when choosing the right firm. It's important to ensure that the firm is open and transparent about its services, fees, and investment strategies.

Additionally, you should make sure that they have a system in place for timely communication with clients. This includes regular review meetings to discuss progress and make sure the investment strategies are still on track.

Finding the right wealth management services that meet all of these criteria can be challenging, but it is an essential part of ensuring your financial stability over the long term.

Top Wealth Management Firms

There are a lot of wealth management firms currently operating in the industry. And to be considered as of the best should count for something. Each wealth advisors in the list below are able to provide quality services and advice to their clients, so you can be sure that your investments are in good hands.

Lyons Wealth

Lyons Wealth is more than your average investment firm. In addition to investment management and guidance, we also offer comprehensive financial planning services to help secure your wealth for the future.

Our team of wealth advisors has over ten years of experience helping high-net-worth individuals reach their financial goals

We understand that every investor is different, which is why we offer a personalized approach to investment management. Whether you're looking to grow your portfolio with mutual funds or exchange-traded funds, or you need assistance with estate planning, we can tailor our services to meet your needs

At Lyons Wealth, we pride ourselves on providing quality advice and outstanding customer service. Contact us today to learn how we can help you reach your financial goals.

J.P Morgan Asset Management

Established in the year 2000, J.P Morgan Asset Management is a leader in providing comprehensive asset management services for investors. With over 1,000 investment professionals around the globe, J.P Morgan has one of the largest and most qualified teams to help you reach your goals.

They offer personalized advice, access to research and global insights from their experienced team members.

Merrill Lynch Wealth Management

This firm is one of the most respected and trusted names in the wealth management industry. Their financial advisors have access to a broad range of products and services so that they can provide customized solutions tailored to each individual's needs.

Additionally, they have a team of experienced professionals and access to proprietary research and global investment strategies.

Morgan Stanley Wealth Management

This firm utilizes a hands-on, tailored approach that helps families, institutions, and individuals manage the multiple aspects of their wealth as well as their legacy. their approach integrates the vast resources of a reputable global financial company with the personalized services of an investment boutique. 

They offer a range of services and solutions tailored to each client's needs, including asset management, trust and estate planning, tax advice, retirement planning, and more.

BNP Paribas Wealth Management

With over 150 years of experience, BNP Paribas Wealth Management is one of the leading European wealth management firms. They provide a tailored approach to private banking and asset management, with an emphasis on delivering results for their clients.

They were able to pass on the lessons of their long history to provide clients with a wide range of services such as portfolio management, trust and estate planning, life insurance solutions, and, most importantly, a personalized customer experience.

How to choose the best wealth management firms for you

When it comes to a money management firm, there is no one-size-fits-all solution. The right firm for you will depend on a number of factors, including your investment goals, risk tolerance, and time horizon. Perhaps the most important factor, however, is simply finding a firm that you trust.

After all, you are entrusting them with your hard-earned money, so it is crucial that you feel confident in their ability to grow your assets. Here are a few tips to help you choose the right wealth management firm for you:

1. Do your homework

Don't just pick the first firm that you come across. Research multiple firms and compare their fees, investment strategies, and track records.

2. Ask for recommendations

Talk to family and friends who have similar financial goals to see if they have any recommended firms.

3. Interview multiple firms

Once you've narrowed down your options, schedule consultations with each of the firms on your shortlist. This will give you a chance to get a better sense of their culture and philosophy, as well as ask any remaining questions that you have.

By following these steps, you can help ensure that you find a company that is well-suited to help you achieve your financial goals.

Questions to ask potential wealth management firms

When it comes to choosing a money management firm, there are a few key questions you should ask in order to ensure that you're making the best decision for your finances. First and foremost, you'll want to inquire about the firm's investment philosophy and strategy. What kinds of investments do they recommend? What is their approach to risk management?

It's also important to ask about the firm's fees and how they are structured. Are they commission-based or fee-based? And finally, be sure to ask about the qualifications and experience of the firm's staff. How long have they been working in this field? Do they have any specialized expertise?

By asking these questions, you can better understand whether a particular wealth management firm is right for you.

The cost of working with a wealth management firm

Working with a wealth management firm can be a great way to ensure that your finances are in order. These firms can provide you with access to a variety of financial products and services, as well as guidance on how to use them best to achieve your goals.

However, it is important to be aware of the potential costs associated with working with a wealth management firm. Most firms will charge a percentage of your assets under management, which can add up to a significant sum over time. In addition, many firms also charge an annual fee for their services.

As a result, it is important to research and choose a wealth management firm you can trust working with. Doing so can help ensure that your experience is positive and that your finances are in good hands.

So, When should I hire a wealth manager?

When choosing a wealth management firm, you must consider what you want from the relationship. Do you need someone to handle all of your investments and advise you on every decision? Or would you prefer more hand-holding and periodic reviews with advice tailored specifically for you?

Consider your needs and budget when interviewing firms, and be sure to ask plenty of questions so that you can make an informed decision. With Lyons Wealth by your side, you can rest easy knowing that your finances are in good hands! Contact us to learn more!

Lyons Fundamental Small Cap Value Strategy

Are you missing out on this market rally? Wall Street has seen a surge in small-cap stocks lately, with the Russell 2000 index climbing over 10.7% in the past month versus 5.5% gains in the S&P 500 and 6.1% uptick in the Nasdaq Composite. This rally coincides with cooling inflation data and hopes for Fed rate cuts in 2024.
We utilize our Fundamental Process, including our proprietary GRAPES valuation model, to screen the universe of mid, small and micro-cap companies, use the link below for more information.

Lyons Small Cap Value Fund >>

Our Award Winning Investment Strategies

Lyons Enhanced Yield

Delivering consistent, reliable cash flow, Each position is fully hedged to control downside exposure, Portfolio net yield target of 12-15% annually, Fully liquid No lockup period, no capital calls

View Strategy >>
Lyons Tactical Allocation Portfolio (SMA)

Greater long-term upside capture through sustained full market participation and full equity allocations to multi-year, continuous time periods

View Strategy >>
Catalyst/Lyons Tactical Allocation (Mutual Fund)

The Fund’s objective is to seek total return from long-term capital appreciation.

View Strategy >>
Lyons Fundamental Small Cap Value Strategy

Targets long term growth of capital through buying undervalued small and mid cap companies with improving business prospects.

View Strategy >>
Lyons Core Portfolio

Investing in income generating common and preferred stocks and corporate bonds with long-term holding periods intended to optimize tax efficiency

View Strategy >>
Own a Large Stock Position

Did your advisor say sell and diversify? Keep your stock with Lyons Income Overlay. You don't have to diversify with our cusotmized solution for large concentrated stocks.

View Strategy >>
Lyons CoinDesk Large Cap Select Index SMA

CoinDesk Large Cap Select Index (DLCS), designed to measure the market capitalization weighted performance of some of the largest and most liquid digital assets that meet pre-defined trading and custody requirements.

View Strategy >>

DISCLOSURE ¹ This statement applies generally to initial purchases of a position. Additional shares of a particular stock purchased at subsequent quarterly rebalances may still remain in short-term holding status (owned for less than one year) at the time of this publication. Broadridge MarketPlace is an investment manager database that serves as an objective, third-party supplier of information. Broadridge MarketPlace's Best Money Manager ranking is a comprehensive survey of institutional money manager performance. To be eligible for recognition as a Broadridge Best Money Manager, performance must be calculated on an asset size, which is at least $10 million in size for traditional US asset classes or $1 million for international and alternative investments. Classifications must fall into one of the categories that Lipper ranks (minimum of 20 contenders). All performance data must be calculated net of all fees. For additional information regarding the criteria used by Broadridge MarketPlace, see Minimum Criteria for Inclusion in Best Money Managers listed in the Disclosure of Lyons Wealth’s separate Lipper ranking history document. This material is for the exclusive use of the person to whom it has been delivered, is confidential, and may not be copied, distributed, or otherwise given or disclosed to any person other than your authorized representatives. This material was prepared exclusively for information and discussion purposes and to indicate preliminarily the feasibility of a possible investment opportunity. This material is not meant to be nor shall it be construed as an attempt to define all terms and conditions of any transaction or to contain all information that is or may be material to an investor. Lyons Wealth Management, LLC is not soliciting any action based upon this material, and this material is not meant to be nor shall it be construed as an offer or solicitation of an offer for the purchase or sale of any security or advisory or other service. Lyons Wealth Management (“LWM”) began formally tracking its portfolio performance as of April 2nd, 2012. Portfolio composite returns are preliminary and are presented on a time-weighted, size-weighted total return basis using monthly portfolio valuations. The composite returns for each LWM portfolio presented herein include all eligible LWM accounts. To be eligible for inclusion in the LWM composite, an account must be fee paying, fully discretionary, and not part of a broker wrap program. New portfolios that are managed to the Tactical Allocation Portfolio investment strategy and meet the composite definition will be added to the composite when fully invested. The composite is not representative of all accounts managed by LWM. All returns are expressed in U.S. Dollars and are presented net of all fees and expenses. The returns reflect the reinvestment of all dividends and interest. The return information presented herein has not been audited or otherwise verified by an independent accounting firm, and past performance of any LWM portfolio does not guarantee future results. No current or prospective client should assume future performance of any specific investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals may cause the performance results of your portfolio to differ materially from the reported composite performance. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's investment portfolio. Historical performance results for market indices and/or categories, generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results. Economic factors, market conditions, and investment strategies will affect the performance of any portfolio and there are no assurances that it will match or outperform any particular benchmark. The information, data, analyses and opinions contained herein (1) may include the confidential and proprietary information of data provider, (2) may include, or be derived from information which cannot be verified by data provider, (3) may not be copied or redistributed,(4) do not constitute investment advice offered by data provider, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, data provider shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature.