Managing Your Money
Managing Your Money in Retirement
An asset manager can be a trusted partner in protecting your savings, making informed investment decisions, and planning for a secure financial future — especially in retirement.
Download the Free GuideWhat Is an Asset Manager?
An asset manager is a financial professional responsible for overseeing and managing an individual's investments with the goal of preserving and growing wealth over time. They work with a range of assets, including stocks, bonds, retirement accounts, and real estate.
At its core, asset management is about making informed decisions that align with a client's financial goals, risk tolerance, and stage of life. For many individuals — especially seniors — an asset manager serves as both a steward of wealth and a trusted financial guide.
The role goes beyond selecting investments. A good manager begins by understanding the client's overall financial picture, including income needs, future expenses, tax considerations, and long-term goals such as leaving a legacy. They then build a diversified strategy designed to balance risk and return.
Why Work With an Asset Manager?
There are several compelling reasons to work with a professional, especially as markets fluctuate and retirement needs evolve.
Peace of Mind
Managing investments requires time, expertise, and discipline — especially during volatile markets. A professional helps prevent costly mistakes like panic selling or chasing trends.
Objective Guidance
Asset managers provide objective guidance and can improve tax efficiency while coordinating with estate plans such as trusts and wills — keeping the whole picture in view.
Reliable Income
Asset managers focus on risk management, helping protect against major losses, and structuring investments to generate reliable income — particularly important in retirement.
Costs and What to Look For
Understanding how asset managers are paid — and what qualifications to look for — helps you find the right person for your situation.
| Fee Structure | How It Works | What to Consider |
|---|---|---|
| Percentage of Assets (AUM) | Typically 0.5% to 1.5% annually of assets under management | Most common model; aligns manager's interests with portfolio growth |
| Flat Fee | Fixed annual or project fee regardless of portfolio size | Predictable; good for larger portfolios where AUM % would be very high |
| Subscription Model | Monthly or annual subscription fee | Growing option; often paired with financial planning services |
Many clients prefer fiduciary advisors, who are legally required to act in the client's best interest. This is an important distinction — not all financial professionals are held to this standard. Ask directly: "Are you a fiduciary?" A trustworthy advisor will answer clearly and explain any limitations.