While a services like those provided by an investment advisor are probably best suited to individuals with a bit of cash to throw around, planning and wealth management can benefit everyone who has some assets, or merely wants to prepare for the future.
According to a Northwestern Mutual study
, almost 60% of Americans feel that they need to take steps towards better financial planning, such as for retirement. However, the study suggests a third of Americans have made no financial planning efforts at all. Having a wealth manager can keep you on track, and on top of your goals and necessities that may not be immediately apparent.