Category Archives: Matt Eitner

Constants in an Ever-Changing Private Equity Investment Market

How to Choose a Competent Wealth Manager

 

Matt Eitner
Matt Eitner

A veteran of the financial world, Matt Eitner is the chief executive officer of investment bank Laidlaw & Company Ltd. From his New York office, Matt Eitner provides wealth management services to the firm’s clients.

Your wealth manager is the person who will manage your wealth actively to ensure it delivers returns in line with your financial goals and needs. Therefore, your choice of manager is crucial. But how do you decide which wealth manager is best for you?

There are many considerations to make when vetting potential candidates:

Credentials. What credentials does the wealth manager have? Ask whether he/she is a Certified Financial Planner or holds any other relevant credentials.

Past performance. Ask about the candidate’s past investment performance. For example, you can ask him/her to compare his/her performance in the last five years with a benchmark such as the Financial Times Stock Exchange (FTSE) 100. Wealth managers who consistently outperform this benchmark are a good start.

Your investment profile. Settle for a wealth manager who understands your investment needs and profile. This takes into account your risk appetite and tolerance for volatility. This way he/she can tailor an investment plan to match your profile.

Cost versus value. Do not get transfixed by the cost of one wealth manager over another. Look at the overall picture. If you want to grow your wealth, a manager who offers tons of value at a higher price is better than one who offers no value at a cheaper price.