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Question

Do I need a wealth manager at $1 million?

Answer

Having $1 million in investable assets often places you above many firms’ minimums, but whether you need a wealth manager depends more on complexity than on the balance itself. If your financial life includes concentrated stock, business ownership, multiple income streams, or estate planning needs, coordinated guidance can add value.

Related FAQs

What does a wealth manager do?

How much does it cost to work with a wealth advisor?

What is the difference between a wealth manager and a wealth advisor?
Tax Planning Financial Planning Asset Protection Charitable Giving Retirement Planning Tax Basics Building Wealth Protecting Your Legacy Generational Wealth Year-Round Tax Planning Investors Financial Independence FAQs
Last Updated Sept. 9, 2026
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About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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