top of page
Search

A Guide to Wealth Management in Palm Beach

  • Parkview Partners Capital Management
  • Sep 1
  • 3 min read

Updated: Sep 16

Palm Beach is more than a postcard-perfect destination; it's a significant financial hub for affluent individuals and families from across the globe. The unique blend of a favorable tax environment and a welcoming business climate has turned it into a powerhouse for protecting and growing wealth. This article is for informational purposes only and does not constitute investment, legal, or tax advice.


Why Palm Beach Is a Global Wealth Destination


ree


Palm Beach is more than a postcard-perfect destination; it's also a significant financial hub for affluent individuals and families. A unique mix of favorable tax policies and a welcoming business climate has transformed it into one of the world’s top centers for wealth preservation and growth opportunities. 


Why Palm Beach Attracts Global Wealth


Beyond its beaches and lifestyle, Palm Beach has built an ecosystem designed to expand and help preserve fortunes. Florida’s lack of state income, estate, or inheritance taxes provides a powerful foundation for legacy planning.


Between 2014 and 2024, the area’s millionaire population rose 112%, placing Palm Beach among the top five fastest-growing global wealth hubs. This growth has fueled demand for sophisticated, comprehensive wealth management services.


A Look at Core Wealth Management Services


Wealth management is more than investment selection—it’s about coordinating all aspects of financial life into a unified plan.


Key Services


  • Investment Management: Strive to increase and preserve capital in line with long-term goals.

  • Estate & Legacy Planning: Transfer assets efficiently to future generations.

  • Strategic Tax Planning: Reduce unnecessary tax burdens across income and estates.

  • Family Governance: Build frameworks for multi-generational financial decision-making.


When these services are integrated, families gain a resilient, long-term financial structure.


Key Wealth Management Services in Palm Beach

Service Area

Primary Objective

Typical Client Need

Investment Management

Grow and preserve capital in line with your risk comfort level.

"How might I invest my assets to meet my long-term goals?"

Estate & Legacy Planning

Facilitate a smooth transfer of wealth to the next generation.

"How can I pass my assets to my family efficiently?"

Strategic Tax Planning

Minimize tax burdens across investments, income, and estate.

"Am I paying more in taxes than necessary?"

Family Governance

Create a framework for multi-generational financial decisions.

"How do we prepare our children to be good stewards of wealth?"

These services, when integrated, provide a powerful framework for managing significant assets.


For instance, a firm like Bessemer Trust doesn’t just manage a portfolio; they offer services that extend to philanthropic advising and family governance. You can explore these comprehensive wealth management offerings to see how deep this support can go. It’s about building and protecting a legacy, not just an account balance.


What Sets Palm Beach Advisors Apart


In a market full of financial professionals, Investment Advisor Representatives distinguish themselves with fiduciary commitment and personal connection. Fiduciaries are legally obligated to put clients’ interests first, ensuring trust and transparency.


The most respected firms balance technical skill with human understanding—learning a client’s values and legacy goals to build strategies that go far beyond numbers on a spreadsheet.


Choosing the Right Wealth Management Partner


Selecting a partner is about more than performance. Families should consider:


  • Fiduciary status (“Are you always acting in my best interest?”)

  • Experience & credentials (CFP®, CFA, etc.)

  • Investment philosophy (active vs. passive strategies)

  • Fee structure (transparent and easy to compare)

  • Communication style (proactive updates, accessibility)


Use these criteria as a guide to finding a trusted long-term steward.


Beyond the Basics: Advanced Strategies


High-net-worth families often require specialized planning:


  • Multi-generational wealth transfer via trusts.

  • Business succession planning for owners preparing an exit.

  • Concentrated stock strategies to reduce portfolio risk.


These advanced services are designed with a goal to ensure that wealth not only grows but endures through life’s transitions.


FAQs About Palm Beach Wealth Management


  • **What is a typical minimum investment? **Most firms in Palm Beach serve high-net-worth clients, often requiring $1M–$10M+ to open an account.

  • **How is a wealth manager different from a financial advisor? **Wealth managers coordinate investments, estate, tax, and philanthropic planning—acting as the quarterback for the full financial team.

  • What does onboarding involve?


Discovery conversations, tailored financial planning, and seamless account transitions.


Conclusion


Navigating wealth in Palm Beach requires more than market insight—it demands a holistic, fiduciary-led partnership. The right advisor aims to help families preserve assets, reduce tax burdens, and build lasting legacies tailored to their unique goals.


ree


Disclosures


Disclosure: Investment advice offered through Stratos Wealth Partners, Ltd., a registered investment advisor. Stratos Wealth Partners, Ltd. and Parkview Partners Capital Management are separate entities. Neither Stratos nor Parkview Partners Capital Management provides legal or tax advice. Please consult legal or tax professionals for specific information regarding your individual situation. Past performance is not indicative of future results. For additional information, including our Form CRS, please visit our website.


 
 
 

Comments

Commenting on this post isn't available anymore. Contact the site owner for more info.
Financial Advisor, Investment Advisor, High Net Worth, Wealth Management, Tax Planning, Risk Management, Financial Coordination, Retirement Planning, Charitable Giving, Columbus Ohio, Parkview Partners Capital Management

291 East Livingston Ave.
Columbus, OH 43215


Phone: (614) 427-2132

Fax: (614) 427-2132

  • LinkedIn

FORM CRS

 

Privacy Policy

​

​

Investment advisory services are offered through Stratos Wealth Partners, Ltd., a Registered Investment Advisor located in Beachwood, Ohio. [www.stratoswealthpartners.com]. 

Parkview Partners Capital Management offers its financial services through Stratos Wealth Partners, Ltd., (“Stratos”), a Registered Investment Advisor with the U.S. Securities and Exchange Commission (the “SEC”) located in Beachwood, Ohio. Parkview Partners Capital Management  operates as a DBA branch of Stratos Wealth Partners, Ltd. More information regarding Stratos may be found at www.stratoswealthpartners.com. Registration with the SEC does not imply a certain level of skill or training. Public information concerning Stratos Wealth Partners is available at https://www.adviserinfo.sec.gov. A copy of the Stratos’ current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request and/or on this web site at www.stratoswealthpartners.com.

​

Stratos may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Stratos’ web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Stratos’s web site on the Internet should not be construed by any consumer and/or prospective client as Stratos’ solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Stratos with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of Stratos’ current written disclosure Brochure discussing Stratos business operations, services, and fees is available from Stratos upon written request. Stratos does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third-party, whether linked to Stratos’ web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
 
Information presented on this site is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any product or security. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed here. When you link to any of the websites provided here, you are leaving this website. The information and opinions contained in any of the material requested from this website are provided by third-parties as well. They are for informational purposes only and are not a solicitation to buy or sell any product mentioned. We make no representation as to the completeness or accuracy of the information provided by these third-party websites or third- party materials.

 

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Stratos Wealth Partners, LTD), will be profitable or equal any historical performance level(s).
 
Certain portions of Stratos’ web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Stratos (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Stratos, or from any other investment professional. Stratos Wealth Partners, LTD is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Each client and prospective client agree, as a condition precedent to his/her/its access to Stratos’ web site, to release and hold harmless Stratos, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Stratos.

bottom of page