Explainer / Wealth Management / Global
Choosing a Wealth Manager: A Due Diligence Checklist
Published 2026-10-19 · BLOOMBERG WEALTH Research Desk
Assess the adviser, contracting entity, custody model and total cost.
Executive brief
Begin with the legal entity and its regulatory permissions. A group website can describe services unavailable through the entity offering your account.
Questions for due diligence
Ask for an itemized fee schedule, conflict disclosures, custody agreement and reporting examples. Compare like-for-like mandates rather than one headline fee.
Scenario framework
- Base case: review the stated assumptions for wealth management and record which evidence would change the assessment.
- Stress case: consider weaker returns, reduced liquidity and higher costs together. An illustrative scenario is not a forecast.
Primary sources
Educational research brief. Scenarios are not forecasts or personalized advice. Follow the primary references for current data and methodology.