Wealth Management
Integrated financial services supporting high-net-worth individuals’ goals.
Detailed Description
Wealth Management
What is the primary goal of wealth management?
The primary goal of wealth management is to sustain and grow long-term wealth while addressing the unique needs and goals of clients.
What are the key components of wealth management?
Key components include financial planning, investment management, tax planning, estate planning, retirement planning, and insurance planning.
Who is the target audience for wealth management services?
Wealth management services target high-net-worth individuals and families, affluent professionals, business owners, retirees, and institutions like foundations and corporations.
How does wealth management differ from investment management?
Wealth management encompasses a broader range of services beyond investment management, including financial planning and tax strategies, while investment management focuses primarily on managing investment portfolios.
What are some challenges faced in wealth management?
Challenges include market volatility, regulatory changes, high client expectations, and technological disruption from fintech and robo-advisors.