Wealth Management Services

Wealth management, in a nutshell, is like having a financial Swiss Army knife at your disposal. It’s an all-encompassing service designed to address various facets of your financial life. From developing investment strategies that aim to work as hard as you do, to navigating the ever-changing tides of tax laws, to planning for the golden years of retirement, it’s about putting all these pieces together in a way that makes sense for you.

Think of it as your financial one-stop shop, where every service is tailored to fit the unique needs of your financial landscape, striving for not just growth, but sustainable prosperity. At riverbend, it’s our mission to manage your wealth so you can have more time to live your life.

Typical wealth management fees usually come in a few flavors: you’ve got your flat fees, a percentage of assets under management (AUM), hourly rates, or even a combination. Think of it as choosing between a fixed menu or à la carte at your favorite restaurant. The percentage model is quite common, with rates typically ranging from 0.5% to 1.5% of your AUM annually.

It really boils down to the complexity of your financial needs and the level of personalized service you’re after. At Riverbend, we believe in transparent, fair pricing that aligns with the value you receive—no hidden ingredients, just straightforward, honest advice tailored to you.

Envision trying to assemble a complex piece of furniture without instructions or the right tools. Sure, you might figure it out eventually, but at what cost to your sanity and time? That’s where a wealth manager steps in — your guide, equipped with the knowledge, tools, and insights to help build your financial future with precision. It’s not just about investing; it’s about crafting a holistic strategy that covers every financial aspect of your life, from planning for retirement to supporting your family’s future security.

So, is it worth it? If strategic growth, and personalized financial care are important to you, then yes, a wealth manager is an investment in your future that’s well worth considering. At Riverbend, we’re committed to working diligently to help make that investment beneficial for you, in clarity, confidence, and financial well-being.

Imagine you’re at a gourmet restaurant. A financial advisor is like your waiter, guiding you through the menu, explaining dishes, and offering suggestions that align with your preferences. Wealth management, on the other hand, is the whole dining experience—chef, menu, ambiance, and all. It’s a comprehensive service that aims to address not just advice, but also the management of various financial affairs, from investments to estate planning, taxes, and beyond.

While a financial advisor focuses on providing advice on specific financial decisions, wealth management offers a broad approach to your entire financial picture, seeking to optimize every part of it. At Riverbend, we strive to blend the best of both worlds, offering the personalized advice of a financial advisor within the broad, strategic framework of wealth management.

One key aspect that sets Riverbend apart is our independence. We are not owned by a big bank or brokerage firm, which allows us to sit on the same side of the table as our clients. This independence enables us to provide more objective advice, as our recommendations are not influenced by corporate directives or sales quotas. Instead, we have the freedom to focus solely on what we believe is in the best interest of our clients, offering unbiased guidance tailored to their unique needs and goals.

It’s a common myth that financial advisors are only for the ultra-wealthy, like having a personal chef might seem a luxury reserved for the rich and famous. In reality, partnering with a financial advisor can be a game-changer at many net worth levels. Think of it as hiring a personal trainer for your finances. Whether you’re just starting to build your wealth, navigating a significant life transition, or looking to protect and grow your assets, there’s no one-size-fits-all answer.

The real question is, ‘Are you looking to make informed, strategic financial decisions?’ If the answer is yes, then it might be time to consider a financial advisor. At Riverbend, we’re here to help you at every stage of your financial journey, offering tailored advice that scales with your needs and aspirations.

Generally speaking, if your net worth — meaning the total value of all your assets minus liabilities — is north of $1 million, welcome to the club; you’re considered high net worth.

This status isn’t just a number; it’s a marker that opens up new strategies and opportunities for managing and growing your wealth, from sophisticated investment options to advanced tax planning and beyond. At Riverbend, we understand the unique challenges and opportunities that come with high net worth, tailoring our services to not just meet but exceed the expectations and goals of our discerning clients.