As people graduate to different levels of financial success their needs change. To me, the word ‘concierge” often comes to mind when seeking specialized help. When it comes to finances, concierge financial advice can be instrumental in navigating multiple investment options, complex tax opportunities, risk management, and estate transfer issues in a coordinated and effective fashion.


The American novelist Scott Fitzgerald is supposed to have said once to Ernest Hemingway, ‘You know, the rich are different from you and me.’ Hemingway replied, ‘Yes. They’ve got more money.’ Sometimes the blazing obvious has a point! At the same time, nearly all the wealthy individuals I know bristle at the notion that they are rich. A ‘comfortable’ net worth and income built through hard work and disciplined savings and investing wisely. At the same times, their needs are different than before and deserve advice tailored to them.

Yet, the financial advice industry seems all the same. We all learned as children that each snowflake is unique and different. Financial advisors are much the same, each being different in their own way. At the same time, in the middle of a blizzard, it can seem impossible to distinguish the uniqueness of each snowflake. Clearly, there are no concierge snowflake advisors. Yet, there are advisors that do provide high-level concierge financial advice, however.

Concierge financial advice can be distinguished by 5 factors:

1). The display of professionalism of the advisor(s) you will be working with:

Is their demeanor sharp and professional? If you met a sloppy concierge at a hotel, etc. their advice would be colored by their unprofessionalism.

Exhibits of seriousness about their profession.

What professionals designations have they earned? CFP? CPA? CFA? All are part of the skill sets necessary for high-level work. Most high-level advisors work as a team and it is a sign of best practices.

2). The types of services they provided:

As your financial situation changes so do your requirements for concierge wealth management. Do they include:

3). Knowledge of and the ability to access unique investment opportunities.

4). Works on an exclusive fee-only basis and is willing to act as a fiduciary on your behalf.

5). Team with multiple years of experience with no regulatory issues.


Clearly, as your needs shift as you successfully accumulate and acquire more resources, keep in mind that there are advisors who do provide concierge financial advice and the fact you are reading this means you have found one. Let us know if we can help.

The foregoing content reflects the opinions of White Oaks Wealth Advisors and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns.

Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.