What is a Wealth Manager?
A wealth Manager has the task of a financial advisor only that they cater to high net worth and ultra-high- net worth individuals. A wealth managers task is comprehensive and intricate and they are responsible for coming up with sound business advise. A wealth advisor is responsible for understanding the entirety of what is the best thing to do with the current wealth their client has. This means they need to know their client on a personal level, and the innermost details of their wealthy clients life, so that they can arrange the best investment management and financial planning guide for them to follow. A wealth manager’s approach is holistic, they also handle the accounting as well as tax services, retirement planning and estate planing of their high net worth client. What Is Wealth Management? Wealth management offers a holistic approach, it is an entire system that effectively handles a person’s financial management needs. It is a single package that was created to address t...