Is your wealth manager invested in your goals or the next commission? It’s an essential question every investor should ask.
Finding the right fit amid the crowded landscape of options can feel overwhelming, especially when choosing the right partner to grow your wealth. Thankfully, some of our readers have already done the heavy lifting for you.
For the Kiplinger Readers’ Choice Awards, over 4,000 readers ranked the best wealth managers based on overall satisfaction, quality of advice, retirement planning services and more categories in an online survey conducted this past winter on Kiplinger.com.
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Among the standouts this year, UBS Wealth Management was the overall winner for wealth managers. Here are the reasons why our readers chose UBS as the best wealth manager.
1. A personalized approach to financial planning
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Some wealth managers like to employ a one-size-fits-all strategy, tailoring solutions around higher commissions than taking your needs into account.
However, UBS takes a much more personalized approach to getting to know you. It aims to learn what wealth really means to you by asking you these five questions:
- What do you want to accomplish in life?
- What do you want your legacy to be?
- How do you plan to achieve your life’s vision?
- Who are the people that matter most to you?
- What are your main concerns?
This begins the UBS Wealth Way conversation. Once you answer these questions, UBS works with you to establish direct goals that align with your answers. Doing this gives you confidence that you have a trusted partner who not only takes the time to listen to you but who also tailors solutions that match your goals and values.
2. Expert service and advice at every life stage
Some wealth managers help you set goals, and that’s where their work stops unless you contact them. UBS, on the other hand, is there to take a proactive approach in helping you reach your goals, even as your life changes. The main theme among readers’ comments was how exceptional the service was, and the advice they received was excellent.
Their team of wealth experts can help you craft a full suite of goals and adjust them as your life changes. Whether you’re a new investor, catching up on retirement savings or receiving a wealth transfer, their team can help you make sense of your finances and plan strategies to help you reach your goals, even after they change.
In turn, you gain a trusted partner who can scale strategies as you build your wealth.
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UBS invested in digital tools to make managing your wealth convenient. Once you become a client, you can access the online portal 24/7 to monitor your accounts.
This is essential if you’re a hands-on investor who wants to review your portfolio regularly, access liquidity or pull up important tax documents. Use the UBS Advice Compass for portfolio assessments and actionable recommendations.
One way UBS excels is in its research offerings. To demonstrate, the UBS Evidence Lab is a sell-side team of research experts that collects data across more than 50 countries and 5,000 companies. In turn, their experts convert this data into actionable insights, providing you with the information you need to make informed investment decisions confidently.
While UBS took the top spot in overall satisfaction, these firms also earned high marks from our readers for their exceptional services and commitment to client success:
- Morgan Stanley Wealth Management
- Raymond James
- Fidelity Wealth Management
- Vanguard Personal Advisory Services
- Bank of America/Merrill Wealth Management Services
- Fisher Investments
Ultimately, not all wealth managers are the same. When it comes to planning for your future and maximizing wealth, lean on the experts our readers recommend the most. UBS offers the tools, resources and personalized guidance that help you feel confident about the road you’re on and the direction you’re heading.
Eager to see how our readers ranked your wealth manager? Visit our Kiplinger Readers’ Choice best wealth managers to see the full ranking and what our readers liked about each one.
