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Private Wealth’s Expertise Resembles a Family Office: Here’s Why

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Why Private Wealth Resembles a Family Office

The earliest family offices provided a single family with a diverse set of financial services. Their combined assets and financial goals were too complex and dynamic to entrust to anything less specialized. But you don’t have to find your own family office to enjoy a suite of specialized financial advisors. Private Wealth offers comprehensive support from industry experts with decades of experience serving HNWI and multigenerational clients.

As your personal investment office, Private Wealth is dedicated to realizing your long-term goals. Our advisors seek to ensure a standard of care found in modern family offices while maintaining what makes the team at Private Wealth stand out. If you’re looking for the best of both worlds, you’ve come to the right place.

Private Wealth Excels at Core Family Office Services

Modern family offices boast a wide range of services designed to oversee a large family’s extensive list of assets and manage them according to individual goals. They can range from a curated selection of new investments to various concierge services such as the management of private staff or collectibles. Ultimately, the goal of many family offices is to turn the family’s assets into a long-lasting enterprise capable of weathering anything and everything.

At Private Wealth, we treat each client like a member of the family. We work with some of the most experienced professionals in their associated industries. Here are just a few of the services we can provide:

  • Investment management
  • Personalized financial planning
  • Bill pay and balance sheets
  • Tax planning
  • Insurance advisory
  • Monthly bookkeeping and reports
  • Business and asset consulting
  • Among many others

Our Financial Experts Ensure Personalized Strategies

Multifamily offices employ teams of expert advisors that can share specialized knowledge and experience in managing dynamic assets or planning goals for their clients’ benefit. Private Wealth can also provide personalized management, and our staff can make the most of their niche by managing the relevant elements in your portfolio. Whether its exploring new energy assets or navigating trust and contract laws, you’ll always have someone in your corner.

Facilitate Custodian Support for Asset Management

Trust companies, banks, brokerage firms and other entities are part of a family office’s strategy for the responsible holding of your assets. With Fidelity Institutional serving as the custodian for the majority of our clients, you’re in good hands. Alongside access to state-of-the-art technology and software, our clients’ information is secure. This ironclad network of support is why we’re one of the most trusted wealth management companies around.

Multifamily Office vs. The Private Bank

Many former clients worked with a private bank for their investments and financial planning. But over time, they became frustrated with a lack of individualized support. As Private Wealth continues to provide expertise rivaling that of a family office, keep in mind a couple of the key differences with a private bank:

  • Truly personalized involvement: At a private bank, you’re more likely to receive standardized advice or have your investments dumped into a fund with the rest of their clients. At Private Wealth, we consider our relationship a crucial part of the equation.
  • We never just push products: Private banks are populated with salespeople whose sole intent is to encourage products they make strong returns on. Our staff is instead devoted to your direct financial goals, from generational wealth to philanthropic endeavors.

Private Wealth was founded in part because we didn’t want our staff or our clients restricted by the policies of private banking. You’ll find many of the key benefits of a family office right here, with local experts and real dedication to your plans for a successful financial future.

Investment Advisory Services offered through Private Wealth Asset Management, 411 6th Avenue SE, Suite 360, Cedar Rapids, IA 52401. 888-611-7926. This report is being provided for informational purposes only and should not be used as the sole basis for financial decisions, nor be construed as investment advice designed to meet the particular needs of an individual’s situation. Contact your investment advisor to discuss your specific goals and objectives.


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