Wealthy people are typically busy people requiring assistance with other aspects of their lifestyle as well as wealth management.
Independent RIA firm Wealthspire believes providing a more holistic approach to its services will be a key differentiator for its business and has acquired a specialist firm to help it expand its offering to wealthy clients.
Wealthspire Holdings LLC, parent company of Wealthspire Advisors LLC, has acquired Judith Heft & Associates, a female owned firm that provides a high touch financial and lifestyle concierge service for affluent individuals and families including bill paying, household payroll, and bookkeeping.
“Our clients’ expectations are evolving, and we want to expand our offering beyond traditional wealth management,” said Mike LaMena, chief executive officer of Wealthspire Advisors. “Wealthspire is committed to providing holistic and personalized services to our clients across the wealth spectrum. Judy [Heft] and her team of professionals will go beyond bill pay services to streamline clients’ lifestyle needs.”
Heather Flannigan, head of Wealthspire Advisors’ Family Office Services, says that the firm recognizes that clients’ wealth management requirements is about their lifestyle as well as the fortune that facilitates it.
“That’s why we grow with our families as they evolve with each generation, offering solutions that best cater to their unique needs and expectations,” she said. “We’re committed to building upon our holistic and personalized experience that delivers wealth and lifestyle solutions for families.”
As well as founding her eponymous business, Judith Heft has authored two books including ‘How to be smart, successful, and organized with your money’ and says she and her team are excited to be joining Wealthspire.
“We share a common philosophy around client engagement – our mission is to develop personal and trusted relationships to help them achieve their life goals,” she said. “We’re looking forward to being part of the integrated Wealthspire team that helps solve the complexities of our clients’ financial lives.”
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