Frequently Asked Questions
About Wealth Management
Q: How Much Does a Wealth Manager Cost?
A: Wealth managers typically charge a transparent fee based on a percentage of assets under management (AUM). This means your wealth manager’s success is directly aligned with yours. At Fratarcangeli Wealth Management, we operate as fiduciaries with no hidden commissions. Everything is disclosed upfront, so you know exactly what you’re paying for.
Q: Do I Need a Wealth Manager Or a Financial Advisor?
A: It depends on your financial situation. A financial advisor often focuses on specific aspects like investments or retirement accounts. A wealth manager, by contrast, provides a more comprehensive service, bringing together investments, estate planning, tax strategies, risk management, and multi-generational planning. If you have significant assets and want a strategy that protects and grows your family’s wealth over the long term, a wealth manager is the right choice.
Q: What Is a Fiduciary Wealth Manager?
A: A fiduciary is legally and ethically obligated to put your best interests first. This matters because not all advisors operate under this standard. At Fratarcangeli Wealth Management, we act as fiduciaries for every client, ensuring that all decisions, strategies, and recommendations are tailored to your family’s needs — not driven by commissions.
Q: How Do I Choose The Right Wealth Manager For My Family?
A: Choosing the right wealth manager is one of the most important financial decisions you’ll make. Key factors to consider include:
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Fiduciary status (do they put your interests first?)
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Experience with high-net-worth families
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Breadth of services beyond investments
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Transparent fee structure
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A proven long-term relationship model
Services and Benefits
Q: What Services Does a Wealth Manager Provide?
A: A wealth manager goes beyond investment advice. At Fratarcangeli Wealth Management, our services include:
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Investment management
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Retirement planning
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Tax-efficient strategies
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Estate and legacy planning
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Liability and risk management
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Education and philanthropy planning
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This holistic approach ensures every part of your financial life works together toward your goals.
Q: How Are Wealth Managers Paid?
A: Most wealth managers, including Fratarcangeli Wealth Management, charge a transparent percentage of assets under management (AUM). This creates alignment, when your portfolio grows, so do we. Unlike some financial advisors, we do not earn commissions for selling products, ensuring our advice is completely independent.
Q: What’s The Difference Between Wealth Management And Financial Planning?
A: Financial planning usually addresses a specific area, such as saving for retirement or managing debt. Wealth management, on the other hand, is comprehensive and ongoing, covering investments, taxes, estate planning, philanthropy, and multi-generational strategies. It’s about protecting and growing wealth across your entire financial picture, not just one piece of it.
Trust and Process
Q: What Qualifications Should a Wealth Manager Have?
A: Look for professional designations, and most importantly, ensure your wealth manager is a fiduciary with experience serving high-net-worth individuals and families
Q: Will My Family’s Wealth Be Safe With A Wealth Manager?
A: Yes. Your assets are always held by a secure, independent custodian, never directly by the wealth manager. This provides transparency, oversight, and safeguards for your wealth.
Q: What Happens If My Wealth Manager Retires Or Something Happens To Them?
A: Continuity planning is essential in wealth management. At Fratarcangeli Wealth Management, we have succession and continuity processes in place, so your family’s wealth strategy continues seamlessly, no matter the circumstances.
Q: How Often Will I Meet With My Wealth Manager?
A: Most of our clients meet with us quarterly, but we tailor communication to your needs. Some prefer monthly check-ins, while others want semi-annual deep reviews. In addition, you’ll receive regular updates, performance reports, and direct access to your wealth manager when needed.