Wealth management: The key to a healthy financial life
- Author Dave Johnson
- Published March 23, 2010
- Word count 471
Over the last decade, wealth management has emerged as an essential discipline for managing and taking advantage of monetary opportunities. Wealth management includes a host of financial products and services, allowing the client to focus on immediate objectives, leaving the wealth manager to take care of specific financial requirements. Be it high net worth individuals or small business owners who desire the assistance of a certified financial advisory specialist, wealth managers can be called upon to coordinate retail banking, estate planning, legal resources, tax professionals and investment management.
Wealth management is a professional service which includes financial and investment advice, accounting and tax services, legal and estate planning, among others. Wealth managers differentiate themselves from financial advisors by concerning themselves with every aspect of the person’s financial life. A large number of financial advisors now believe that wealth management will be the predominant business model in the foreseeable future.
Wealth management provides comprehensive solutions. As the number and complexities of financial options available to a person has rapidly increased, a large section, comprised largely of high net worth individuals, have opted for a single person---the wealth manager— to exercise control over their financial lives. Instead of heading to different professionals for different products and services, they can avail of the facilities from a single source. Wealth Management has thus been defined as a highly integrated and holistic approach to managing wealth. It includes a wide range of services and products— Equities, Cash Management, Mutual Funds, Investment and Annuities, Managed Accounts, Account Services, Financial Planning, Lending Solutions, etc.
Let’s look at some of them. Equity investments are a vital element of a healthy investment portfolio. Equity investments generally result in high returns over a short period of time. But as per the unchangeable law of economics, high returns come attached with high risks. And for customers with a low risk appetite, the Wealth Manager offers Mutual Fund Investment solutions. Another essential element of the gamut of products and services offered by a Wealth Manager is ‘Financial Planning’. Financial planning is considered the foundational exercise which ensures long term fiscal security. It serves as a road map, leading you to the predetermined financial goals of your life. Thus the wealth manager plays an important plan not only in leading you to your financial goals but also helping you decide on your financial goals. So with their wide-range of products and services, they help you capitalize on financial opportunities by leveraging their in-depth knowledge and vast experience.
Wealth management is a discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. Depending on the clients, who may range from owners of small businesses to high net worth individuals to even large corporate entities, wealth management services are delivered by either independent financial advisors or multi-licensed portfolio managers.
Fullerton Securities provides complete range of Wealth Mangement services including equity broking, financial planning, insurance, investment products, equity research etc.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Understanding Cocaine: Effects, Risks, and Treatment Options Introduction
- 3 Great Passive Income Ideas for New Moms and Dads in 2024
- Avrex IO Redefines Real Estate Investment with Innovative Tokenized Ownership Approach
- Panama City's Real Estate Market: Top Neighborhoods for Investment
- Investing in a Condo or Villa in Pattaya, Thailand
- Tabania Group Rings in the New Year with a Powerhouse of Financial Services, Unveiling a Comprehensive Suite for the Digital Age
- To What Extent Has Economic Growth Improved Quality of Life?
- How to Manifest Wealth in Your Life
- Unlocking the Potential: Making Money Online with Your Phone”
- Blue economy of the world
- This Financial “FORMula” Will Help You Plan Around What Matters Most
- Losing a Parent: A Checklist and Timeline of the Financial Aspects to Address
- How to Avoid Lifestyle Creep: Try this 50/50 Rule for Saving & Spending
- (Money) Date Night: Why You Need One and 5 Topics to Discuss
- Private Placement Life Insurance (PPLI) in Offshore Trust More Useful Than Ever
- Indexed Insurance Policies Hedge against Inflation
- Should You Invest Abroad? A Complete Guide to Buying Investment Properties in Thailand
- What Are Your Retirement Planning Options?
- Daily Income Opportunity With U-Farm
- Building a Comfortable Retirement: Tips and Strategies for Investing in Your Future.
- Revocable Living Dynasty Trust (RLDT)
- Key Retirement & Estate Planning Tools
- Captive Insurance -- Details
- INDEXED UNIVERSAL LIFE INSURANCE (IUL) ADAPTS TO INFLATION AND HIGH INTEREST RATES
- GRANTOR ACCESS TO IRREVOCABLE TRUSTS -- EASE THE STRESS OF COMPLETED GIFTS
- CASH BALANCE PLUS PLAN
- Tax-Free Income Making More Sense in Global Financial Crisis
- Dynasty Trusts Guard Personal Autonomy in Hierarchic Society
- Captive Insurance Company, CIC -- Reduce Taxes and Build Wealth
- What is an RESP?