Planning architecture
Ask how goals, entities, trusts, retirement accounts, taxable investments, real estate, insurance, liabilities, cash flow, and family commitments are represented in one plan.
Quick answer
What should a high-net-worth family compare beyond investment performance?
Portfolio management is only one part of a high-net-worth relationship. Compare how the advisor coordinates tax-aware decisions, retirement income, concentrated positions, insurance, estate objectives, charitable goals, family governance, outside professionals, and implementation.
This page is about selecting and working with an advisor for complex wealth. For the portfolio-delegation process specifically, see GK’s separate high-net-worth investment-management page. GK Wealth Management is a Reno-based, fee-only fiduciary RIA.
This page is for general informational purposes only and is not individualized investment, tax, or legal advice. Registration as an investment adviser does not imply a certain level of skill or training. Review Form ADV, Form CRS, services, fees, conflicts, and fit before engaging any advisor.
Decision framework
Evaluate the full advisory system
Tax-aware decision process
Look for coordination of tax lots, withdrawal sequencing, Roth conversion analysis, charitable strategies, business or equity events, estimated taxes, and the CPA’s confirmed advice.
Risk and concentration
Review employer stock, private business value, real estate, guarantees, illiquid funds, leverage, insurance, spending reserves, and the amount of risk the family can actually carry.
Service team and continuity
Understand who leads the relationship, who performs planning and trading, how specialists are involved, what happens during staff changes, and how urgent decisions are handled.
Practical review
Separate advisor selection from portfolio selection
Governance
Define who can make decisions, who should be informed, how family members participate, and how trusts, powers of attorney, beneficiaries, and successor contacts are maintained.
Custody and controls
Confirm the qualified custodian, account permissions, money-movement controls, reporting, cybersecurity practices, and how you independently verify assets and transactions.
Investment mandate
Document required liquidity, taxes, time horizon, income needs, restrictions, legacy goals, concentration limits, and the circumstances that justify changing the portfolio.
Measurement and communication
Agree on reporting, benchmark context, planning progress, tax information, meeting cadence, and how the advisor explains tradeoffs—not only returns.
Common questions
Questions about complex household planning
Who is generally considered a high-net-worth client?
Definitions vary. Some firms use investable assets, others use net worth or complexity. GK generally works with households with $1 million or more in investable assets, subject to fit and planning needs.
How is this page different from investment management?
This page focuses on selecting and using an advisor across the full planning relationship. Investment management focuses more narrowly on portfolio design, implementation, monitoring, and delegation.
Should my advisor coordinate with my CPA and attorney?
For complex wealth, coordination can reduce conflicting assumptions and missed dependencies. Each professional should remain responsible for their licensed or specialized work.
Talk with GK Wealth Management
Meet with the Reno-based GK Wealth Management team to determine whether its fee-only fiduciary planning and wealth-management model fits your needs.