5 Characteristics of a Quality Wealth Manager

School of Financial Wellness

Wealth managers are key to your investment strategy.

Our latest event has concluded, but you can still watch the replay:

Financial Fingerprint: How to Approach Your Retirement Questions presented by William D. Connor, Financial Advisor at Meld Financial.

Join us for our next live Meld University Event:

DEFENSE WINS RETIREMENT™: How to Shift Your Strategy From Growth to Income presented by Kyle Whittington, CFP®, President at Meld Financial. The webinar will be held on August 24th at 3:00 PM Central Time. There is no cost to attend, but you must register in advance.


We spend our entire lives trying to build wealth. We accumulate a pool of funds and investments that allows our children to go to college, enables our families to travel the world, and prepares us to finally retire with confidence.

But it’s not enough to save, socking money away and earning bare-minimum interest. You and your financial future are best served by managing your hard-earned dollars in a way that ensures every financial goal you have set becomes a financial reality.

For that, you need an extensive financial education, or in most cases a wealth manager. But not just any wealth manager will do. You need one who will make the most of your investments without playing fast and loose with your money. There are a lot of options out there, so how do you separate the good from the not-so-good?

To help, we’ve pulled together our list of the top five qualities to look for in a wealth manager, and it starts with… 


Integrity in the world of wealth management boils down to a commitment to do what’s best for clients, no matter what.

In many cases, wealth managers are compensated based on how much money they bring to a firm — their so-called assets under management. That means it’s in their best interests to sell their services to a broad range of clients, regardless of whether they can serve them well. It also means you’ve got to be highly selective in who you choose to manage your money.

There are certain designations in the financial planning world that come with fiduciary responsibilities, such as the CERTIFIED FINANCIAL PLANNER™ designation. A CFP® is a good place to start because they are bound to certain ethical standards that ensure your interests are put first. However, a large part of identifying integrity happens during your initial conversations. For example, does the wealth manager ask detailed questions about you and your goals? If the answer is “yes,” there’s a good chance you’ve found a wealth manager with integrity.

Situational Awareness

While we all want to increase our wealth, designing effective investment strategies involves more than just making selections that could make you the most money as fast as possible. Instead, effective advisors will take stock of your financial past, present and future to determine the investments that meet your goals with as little risk as is necessary. A quality wealth manager will also evaluate your tax situation and retirement accounts to make sure your strategy minimizes your tax liability.

In the world at large, they call that situational awareness. At Meld Financial, we apply situational awareness with our knowledge of investing to build a comprehensive wealth management plan. A large part of this process is our proprietary process called your Financial Fingerprint™. Over the years, it has become core to how we work with our clients to help them achieve financial success.

Investing Experience

Anyone can research the value of different investments and develop an opinion on what works for a given financial situation. But you don’t really know all the details until you’ve been there. That’s why you need a wealth manager with experience.

The past few years have been interesting in the world of investing. We’ve seen record highs in equity markets follow by a huge pandemic related fall, only to see new highs just a few months later. This has created lots of winners and losers, but it’s also brought to light the critical importance of having a seasoned wealth manager by your side.

The fact is, it’s not difficult to make money in the markets when things are going well. But what happens when things start to shift? That’s when experience becomes paramount in the world of wealth management. An experienced wealth manager will know when to invest and when to play defense for those investments.

Financial Knowledge

With vast experience comes knowledge, which is vital to the wealth management process. There are countless ways to invest your money, with varying rates of return and levels of risk, and most advisors have access to a variety of investment options.

However, good wealth managers invest their time to understand which investments are right for your specific situation. That involves continuing education, of course, but also research and analysis. And in the best-case scenario, that pursuit of knowledge is fueled by passion and a commitment to making each client’s goals a financial reality.

A Team of Financial Professionals

Finding a good wealth manager is important. More important is finding a good wealth manager who’s part of an incredible team of financial professionals. After all, wealth management is a comprehensive service. To get your money’s worth, your wealth manager should have a team of experienced and capable advisors well-versed in everything from financial and tax planning to retirement and estate planning.

With a strong team behind them, wealth managers can provide a comprehensive financial plan and get all aspects of your financial life aligned around a strategy for long-term success. The right wealth manager for you is out there. To find them, you’ve got to know what you’re looking for. This list should set you on the right track.

Comprehensive Wealth Management at Meld Financial

If you’re looking for an effective team of professionals to help you organize your finances, contact Meld Financial. At Meld, we can leverage our vast experience, in conjunction with a team of financial and legal professionals, to help you develop your Financial Fingerprint™.

Your Financial Fingerprint™ is a unique wealth management process developed here at Meld through several decades of managing our clients’ wealth. In short, your FINANCIAL FINGERPRINT™ is a plan that is quick to assembleeasy to understand and simple to modify as your circumstances change. If you’re ready to talk, click the “Get Started” button on our home page to schedule a meeting with a member of our team – at your convenience.

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Why Meld Financial?

Meld Financial, Inc. is an independent wealth management firm located in Birmingham, AL.

We specialize in financial planning, investment management, employee benefits and executive benefits for individuals, families, trusts, foundations and institutions.

We provide independent and objective services melded with customer-driven financial goals.

Mark McGarvey - Chairman - Meld Financial

“We will always recommend the same course of action we would choose for ourselves, given the same circumstances.”

-Mark McGarvey, Chairman