High Net Worth Financial Advisor

High Net Worth Financial Advisor


Managing substantial wealth effectively is a complex task. Clients in this space require more bespoke financial strategies that extend beyond conventional investment advice.

High net worth management encompasses a comprehensive approach that integrates investment planning, tax optimisation, estate planning, risk management, legacy planning, and lifestyle considerations. This blog explores the intricacies of financial advice to high net worth individuals.

The Foundations of High-Net-Worth Management


Comprehensive Financial Planning

At the foundation of managing significant wealth is a robust financial plan. The plan should address your immediate needs and long-term goals, balancing liquidity, income and growth. A comprehensive financial plan should be tailored to the individual and generally includes:

  • Goals Focused Advice: Defining personal and financial goals is critical for setting the foundation for a successful financial strategy

  • Investment Strategy: Customising investment strategies to align with risk tolerance, timeframes and return objectives

  • Tax Planning: Implementing strategies to optimise tax efficiency while considering current and future liabilities

  • Insurance: Ensuring adequate protection against unforeseen events

  • Debt Management: Building strategies to manage and potentially reduce liabilities

  • Projections: Using detailed forecasts to assess future financial conditions and adjusting the plans accordingly

  • Investment Structures: Structing investing effectively


High net worth individuals can have access to a wider range of investment options and opportunities than most investors which may include alternative investments, customised portfolios and philanthropic investments.


Advanced Tax Strategies

One of the most significant challenges for HNWIs is managing taxes efficiently. The right tax strategies can improve returns and preserve wealth.


Estate and Legacy Planning

High net worth individuals often focus on leaving a legacy, not just for their immediate family but sometimes for generational wealth or broader philanthropic purposes. Some of the key areas include:

  • Wills and Trusts - Ensuring assets are distributed according to the clients while considering the tax implications

  • Succession Planning - Particularly for business owners, planning for the transition of business ownership and management

  • Philanthropic Goals - Setting up the appropriate structures to support the causes you are passionate about

Risk Management and Asset Protection

Protecting assets from various risks is another crucial component, this involves:

  • Insurance - Comprehensive cover for property, health and liability risks. Insurance policies can be tailored to cover high-value assets such as luxury homes, and artwork

  • Legal Structures - Utilising appropriate structures to protect personal assets from business liabilities

  • Diversification - Reducing risk exposure by diversifying investments across asset classes and geographic regions


The Role of a High Net Worth Financial Advisor

Given the complexity of managing high net worth, the role of a high net worth financial advisor is pivotal. Advisors can offer:

  • Holistic Advice - Integrating all aspects of the client’s financial life into a cohesive plan. This involves not just managing investments but considering the client’s entire financial situation, from cashflow through to estate planning

  • Access - Providing strategies for investments and services to meet the unique needs

  • Continuous Monitoring - regularly reviewing and adjusting the plan to reflect changes in circumstances and the economic environment. The financial landscape is constantly evolving, and it’s beneficial to work alongside an advisor who is proactive in making the necessary adjustments

  • Collaboration - working with your existing team of accountants, brokers and solicitors. A financial advisor often acts as the coordinator, ensuring that all professionals involved in the client’s financial affairs are aligned and working towards common goals


Challenges in High Net Worth Management

Managing substantial wealth comes with its own set of challenges. High-net-worth individuals need to be aware of these challenges to effectively manage and preserve their wealth:

  • Market Volatility - Significant wealth can be heavily impacted by market fluctuations, requiring tailored risk management strategies

  • Regulations - Navigating tax laws and regulations requires expertise from a range of professionals. Regulations change frequently, and staying compliant requires staying informed and working with knowledgeable professionals who can guide clients through the complexities

  • Succession - Ensuring the seamless transfer of wealth across generations involves legal and family considerations

  • Liquidity: Balancing the need for liquidity with long-term investments can be challenging, especially when dealing with illiquid assets such as property

  • Philanthropy vs family needs: Deciding how much wealth should be allocated to philanthropic efforts vs providing for family members is a delicate balancing act for high-net-worth individuals

High net worth management is a unique field that requires a multi-faceted approach. From tailored investment strategies to advanced tax planning, estate planning, and risk management each component plays a crucial role in growing, preserving and transferring substantial wealth.

For high net worth individuals, finding the right professionals to work with who can provide personalised, comprehensive advice is essential. By doing so, you can work towards having wealth that serves not only immediate needs but also long-term goals and legacy aspirations. With careful planning, HNW individuals can navigate the complexities of wealth management, ensuring their financial future and leaving a lasting legacy for future generations.

At Unified Wealth, our team is highly experienced and provides goal-based advice and solutions for a range of advice strategies. Our tailored approach ensures that each client receives the personalised attention and expertise they need to manage their wealth effectively.

Speak to our team today and take the first step towards securing your financial future. Whether you’re looking to preserve your wealth, grow your investments, or plan for future generations, we are here to help you achieve your financial goals.

Book a consultation to speak with a high net worth financial advisor.

Frequently Asked Questions - High net worth financial advisor

  • A high net worth individual (HNWI) is someone with assets at or above a certain threshold. The ATO categorise individuals who have a net wealth of $5 million or more as wealthy individuals. The ATO also defines those with a net wealth of $30 million or more as High Wealth Individuals (HWI).

  • A recent report from UBS via it’s Global Wealth Report 2024 indicated that Australia has 690,000 high net worth individuals. For the purpose of their report they defined these investors as having at least $1 million in investable assets - net wealth clear of debt, excluding their own home, business and super.

  • When it comes to understanding the success of high-net-worth individuals, their investments play a crucial role. Their considerable wealth provides access to a wide range of investment opportunities. Although these investment opportunities are typically reserved for high-net-worth individuals, it's essential to remember that many of them began with the same investment choices as anyone else. If you're just beginning your investment journey and aspire to build wealth to reach that level, there are several strategies you can pursue.


  • At Unified wealth we specalise in helping clients who are facing life’s big decisions.

    Whether you’re contemplating your first property, growing your family, starting your investment journey or planning retirement we can help you focus on the simple steps to help you make your goals reality.

    We will get the foundations set up for you and work with you through your various life stages.

    We educate our clients with advice that is straight forward and easy to understand.

    We take the stress away by supporting you and working through any challenge or money problem with you.

    We help you achieve financial freedom.

    Our support gives you peace of mind.