PCM Encore is redefining wealth management for high-net-worth investors by moving away from traditional geographic-based adviser selection. Instead of relying on local referrals, PCM Encore offers a national, specialist-driven approach designed for individuals with $1 million or more in assets. This shift reflects a growing preference among wealthy clients for virtual consultations, as evidenced by PwC research indicating that 75% of high-net-worth investors no longer prioritize in-person meetings with their financial advisers.
This model addresses the complexities of wealth management during retirement, focusing on coordinated strategies that encompass investment management, tax efficiency, and estate planning. PCM Encore provides access to alternative investments typically reserved for institutional investors, such as private real estate and non-traded REITs, which can enhance diversification and returns beyond what public markets offer.
For financial professionals, the key takeaway is the increasing demand for specialized wealth management services that cater to the unique needs of affluent clients. As more investors seek tailored advice that transcends geographical limitations, firms like PCM Encore are positioned to capture this evolving market.
Source: benzinga.com