The marketplace for advisors and wealth managers, especially in the demanding high-net-worth segment, is getting more competitive every day. The right kind of specialized knowledge—and the skill to put that knowledge to work—is imperative.
The Certified Private Wealth Advisor® consultant takes a holistic and multidisciplinary approach that includes a deep dive into sophisticated wealth strategies, estate planning, wealth transfer, behavioral finance, family dynamics, tax management, and legacy planning.
WHAT THIS MEANS FOR YOU
Sophisticated investors recognize that increasing financial complexities call for objectivity, experience and expert evaluation. The CPWA® certification program teaches advisors how to identify and analyze the challenges you face and develop specific strategies to minimize taxes, monetize and protect assets, maximize growth and transfer your wealth.
When selecting a wealth manager, consider the following:
CREDENTIALS – CPWA® professionals have passed a background check, met experience requirements, completed an extensive initial education program, passed a comprehensive exam, agreed to adhere to a code of professional responsibility and maintain 40 hours of continuing education every two years.
BACKGROUND – CPWA® professionals must demonstrate five years of client-centered experience and spend a material amount of their business hours working directly with high-net-worth clients.
COMPENSATION – Knowing what you’re paying for and how you’re paying for it is important for any investor. By adhering to the Institute’s Code of Professional Responsibility, CPWA® professionals will disclose in full all services provided as well as compensation received.
CHEMISTRY – Like any relationship, you should feel good about the advisor with whom you’re working. Selecting an LPL Financial advisor who is a CPWA® professional is a good first step, followed by considering interpersonal connection and comfort level.
ADDED VALUE THROUGH THE CRPC®
In addition to the CPWA®, Chris Corcoran is a designated CRPC®. He can evaluate your financial status and design the optimal retirement plan for your lifestyle. Get the knowledgeable advice you need on issues such as planning for health care, asset management, beneficiary designations, tax planning considerations, estate planning, and more. A CRPC® designee can even help you determine the best time to retire or assist you in expanding on the plans that you’ve already made.
