The Wealth Manager Built for Your Level Has Never Been in Your Backyard.

The post The Wealth Manager Built for Your Level Has Never Been in Your Backyard. by Benzinga Contributors appeared first on Benzinga. Visit Benzinga to get more great content like this.

The investors who understand this are getting access to something most people with $1M or more never find.

Here is the real reason most investors with significant assets never find the right wealth manager.

It is not that the right firm does not exist. It is that they are looking in the wrong place.

The referral-and-geography model that most people use to find a financial adviser, ask a friend, call someone the accountant knows, meet whoever has an office close by, was designed for a different era. It was designed for a time when managing significant wealth meant driving to a local branch and handing your future to whoever happened to practice in your zip code.

That model has a ceiling. And for investors with a million dollars or more in retirement assets, that ceiling shows up fast.

The adviser who is convenient geographically may be excellent at what they do. But excellent at what? Growing assets during your working years? Possibly. Coordinating your CPA, estate attorney, and investment manager in a single unified strategy? Almost certainly not. Providing access to the private real estate deals, private credit, and institutional-grade alternative investments that university endowments have used for decades? Almost never.

The wealth manager built for your actual level of complexity is not constrained by geography. They are national. They operate on the same principle that has always governed family offices and institutional investors: select by specialization and qualification, not by proximity.

That is how PCM Encore was built. And it has always been available to qualifying investors wherever they are.

The shift is already underway. Most investors just have not caught up.

According to PwC research on high-net-worth investors, most respondents now prefer conducting financial planning and advice delivery remotely with an adviser. Only one in four high-net-worth investors still regularly hold in-person meetings with their financial adviser.

Three out of four no longer meet their wealth manager in person. Not because they stopped caring about the relationship. Because they realized geography was never the right filter for choosing one.

This is not a new phenomenon. It is simply becoming impossible to ignore.

The wealthiest families in the world have always worked with specialist advisers, attorneys, and investment teams who were selected for qualification, not location. A family office does not hire a CPA because their office is nearby. They hire them because they are the best at managing the tax complexity that comes with significant wealth.

For the first time, that model is accessible to individual investors with $1M or more in assets. And accessing it requires nothing more than a virtual consultation.

What PCM Encore actually delivers virtually is different from what most people imagine when they think of online wealth management.

This is not a robo-adviser. This is not a Zoom call with a generalist who also manages 140 other client relationships.

PCM Encore was built by Michael Paulus, a former investment partner at Andreessen Horowitz, President of Addepar, and two-time fintech founder whose companies collectively report on more than $6 trillion in assets. He built PCM Encore for his own multibillion-dollar family office, then made it available to qualifying investors with $1M or more in assets.

What that means in practice:

A dedicated specialist team, not a single generalist adviser. Investment managers, financial planners, estate attorneys, tax accountants, and insurance specialists working in coordination on your behalf. The same model family offices have used for the wealthiest families in the world.

Access to alternative investments not typically available through traditional advisers. Private real estate deals. Non-traded REITs. Private credit. Institutional-grade alternative strategies. The asset classes that university endowments have used for decades to seek returns and diversification that public markets alone may not provide.

Proprietary investment science built by a two-patent founder. The technology platform underpinning every PCM Encore client relationship was built for the founder’s own family office and refined over years of real-world application before being made available to clients.

A fiduciary structure built to align with your interests. Employee-owned, no private equity, no commissions, no proprietary products pushed for internal reasons. The advisers who answer your calls are the people who own the firm.

All of it delivered virtually. From wherever you are.

The problem with local wealth management is not the people. It is the structure.

When most investors find an adviser through a referral or geography, they get an accumulation specialist. Someone trained to grow assets during your working years. Someone excellent at the first phase of wealth management.

But retirement is the second phase. And it requires something different.

Withdrawal sequencing. Tax efficiency across account types. Social Security timing and its interaction with Medicare premium surcharges. RMD management and the Roth conversion window. Coordination between the investment adviser, the CPA, and the estate attorney so that all three are working from the same plan.

Most advisory relationships were never designed to deliver all of this. The adviser manages the portfolio. The CPA files the taxes. The attorney drafted documents years ago and has not touched them since. And the gaps between those three relationships are where wealth quietly disappears.

PCM Encore was built specifically to close those gaps. Not as an add-on to a traditional advisory model. As the foundational design of the firm.

According to PwC research, 46% of high-net-worth investors plan to change or add a new wealth management relationship in the next 12 to 24 months. Among the leading reasons: their existing adviser could not support their changing financial circumstances.

That is the retirement transition in plain language. And it is precisely the transition PCM Encore was built to serve.

The private consultation is how it begins.

We have never built PCM Encore around marketing. We built it around results. The investors who are the best fit for what we offer find out quickly, because the first conversation is not a sales pitch. It is a genuine assessment of whether the family office model is right for your situation.

In a 30-minute virtual consultation, a member of our specialist team will walk through your current financial picture, identify specific gaps that a traditional advisory relationship may be leaving open, and explain exactly what the PCM Encore model would mean for your retirement income, your tax strategy, and your estate.

No commute. No waiting room. No obligation.

If it is not the right fit, we will tell you that directly. The investors we serve are too sophisticated for anything less.

PCM Encore serves qualifying investors nationally.

Offices in New York, Palo Alto, Bellevue, Aspen, Dallas, Miami, and Richmond.

Citations

https://www.pwc.com/us/en/industries/financial-services/asset-wealth-management/high-net-worth-investor.html

Please be advised that alternative investments carry a risk of monetary loss. Neither Benzinga nor its staff recommends that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. All information contained on this website is provided as general commentary for informative and entertainment purposes and does not constitute investment advice. Benzinga will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on this information, whether specifically stated in the above Terms of Service or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

The post The Wealth Manager Built for Your Level Has Never Been in Your Backyard. by Benzinga Contributors appeared first on Benzinga. Visit Benzinga to get more great content like this.