Wealth
management is an investment advisory service that combines other
financial services to address the needs of affluent clients. Using a
consultative process, the advisor gleans information about the client’s
wants and specific situation, then tailors a personalized strategy that
uses a range of financial products and services.
Often, a
holistic approach is taken within wealth management. To meet the complex
needs of a client, a broad range of services—such as investment advice,
estate planning, accounting, retirement, and tax services—may be
provided. While fee structures vary across comprehensive wealth
management services, typically, fees are based on a client’s assets
under management (AUM).
Key Takeaways:
Wealth management
is an investment advisory service that combines other financial services
to address the needs of affluent clients.
A wealth
management advisor is a high-level professional who manages an affluent
client’s wealth holistically, typically for one set fee.
For more details -Phone 9021145028