How to choose the right wealth management firm

Knowing how to choose the right wealth management firm is an essential first step to help ensure that your money is in safe hands with a qualified and experience wealth manager.

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As your wealth grows, so do the challenges of managing it.

We’re often asked how to choose the right wealth management firm when there are so many out there. Holborn Assets is a trustworthy wealth management service that saves you time and helps you navigate tough financial challenges, allowing you to make the most of your wealth.

So, it’s essential that you know how to choose a wealth manager who will help you maximise your financial situation.

Our guide provides valuable insight to help you find a wealth manager that is right for you.

What a wealth management firm does

Wealth management is the most comprehensive financial service.

That is because it considers all aspects of your financial life rather than focusing on just one area. It takes into account an individual’s financial goals, needs and circumstances.

Because of its extensive nature, wealth management firms like Holborn Assets offer a wide range of services to cater to the needs of individual clients.

Some of the typical wealth management services include:

Our guide on wealth management provides a more detailed breakdown of the service and what the role of a wealth manager entails.

Why you might need a wealth manager

Wealth managers typically work with affluent individuals to grow and protect their wealth. However, their services can benefit a broader range of people.

Here are some reasons you may want to consider using a wealth manager.

  • You are a high-net-worth individual (HNWI) and need a more holistic approach to financial and tax planning
  • You have received a large inheritance and want to know what the best options are for your money
  • If you want to plan your legacy and need help structuring your assets in a tax-efficient manner
  • You run a company and need the financial expertise of a wealth manager to invest business assets
  • If you are an expat working outside of the UK and looking to optimise your finances and overcome complex tax situations

Want to know more about how you could benefit from the financial expertise of a wealth manager? Read our guide on the Benefits of Wealth Management Services.

How to Choose the Right Wealth Management Firm

How to choose a wealth manager

There is a difference between financial advisers and wealth managers in terms of the service they provide. However, things you should look for when finding a wealth manager are similar to that of a financial adviser.

Remember, you are trusting this person to help you make financial decisions that are in your best interests. Ultimately, a wealth manager will be working with you across various aspects of your financial life.

That is why it’s essential you know how to choose a wealth manager that is the right fit for you. Here are some of the things to consider:

A client-first approach

First and foremost, it is essential that a wealth manager has your best interests at heart.

Some wealth managers are bound by a fiduciary duty, meaning they are legally required to uphold a certain fiduciary standard. This means providing advice and recommending financial products that are in your best interest.

Services they offer

Wealth management combines multiple financial services into one package to support your financial life goal. As this is more of a holistic service, ensuring that a wealth management firm offers the services you need is important.

You should also take the time to ask about their approach to investing. That way, you can ensure their investment strategies align with your goals and risk tolerance.


It’s important to check the credentials of people before choosing to work with them.

Understand what their qualifications mean and how they apply to the service they provide. This is one way to validate their skills and knowledge and ensure it meets the standards required to manage your assets.

Wealth management fees

You should be clear about how much a wealth manager charges upfront. Most either charge a fixed fee, commission or a combination of both.

Fixed fees are costs assigned to specific services. If a wealth manager charges a commission, this is usually a percentage of assets under management (AUM). For example, a percentage of the total value of your investment portfolio.

Track record

Make sure a wealth management firm has a good track record before working with them. Two areas to consider are their performance history and any testimonials.

Review websites such as Trustpilot will give you a better idea of the client experience. Awards are another indication of a wealth management firm’s reputation.

Most wealth managers, like those with Holborn Assets, offer a free, no-obligation meeting. This gives you a chance to ask questions and decide if this person is the right fit for you.

How to choose the right wealth management firm with Holborn Assets

Knowing what to look for in a potential wealth manager before working with them is essential. Working with one that understands your needs and has your best interests at heart can significantly impact your financial situation.

If you are looking for a bespoke approach to wealth management, we are here to help. Hopefully we have given you enough information where you can identify how to choose the right wealth management firm, with Holborn being the firm of choice.

Holborn Assets is a leading global financial services company. We provide expert financial advice and tailored wealth management solutions.

With over $2bn assets under management (AUM), we work with clients across the globe, helping them grow and protect their wealth.

Find the right wealth manager for you with Holborn Assets. Book a free, no-obligation meeting today and learn how we can help you.

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