Wealth Management – Services for Accumulated Wealth

Wealth Management can be summed up as an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. Wealth management services are provided by independent financial advisors or large corporate entities who’s primarily goal is focused on high net worth individuals (HNWI). This activity ensures a long lasting association between the organization and the customer involved. Wealth management services complements the existing expertise of CPA’s (Certified Public Accountants) and leverages the financial knowledge & information about clients’ lives that they already posses. All in all it is a winner and all the bankers associated with investment banking benefit a lot through it. Wealth Advisors use their experience in estate planning, risk management, and their affiliations with tax and legal specialists, to manage the diverse holdings of high net worth clients. Banks and brokerage firms use advisory talent pools to aggregate these same services.

Wealth Advisors must have sufficient information, from objective sources, regarding all products and services owned by their clients to answer inquiries regarding performance and degree of risk-at the client, portfolio and individual security levels. Typically a Wealth Management Team from any major financial Institute consists of financial advisors who are categorized into three major divisions; a) The Product Specialists, b) The Investment Generalists & c) The Wealth Managers. The Product Specialists are financial advisers who focus on products such as managed accounts, stocks or fixed-income alternatives. This group corresponds to CPAs who offer only traditional accounting services. The Investment Generalists are financial advisers providing a wide range of investment products, but lack comprehensive financial planning orientation. One who looks for long term capital gains in the longer run should opt for Mutual Fund Investments. Wealth Management Products consist of a whole lot of investing options that needs to plan carefully. Investing in Stock Markets, Mutual Funds, Equities are some options.

Today Wealth Management advisors must have access to an objective content repository. This repository must contain a current and readily available profile of the clients holdings. Through sophisticated analytics, relevant financial planning and asset allocation tools financial institutes derive rich integrated insights about the HNWI client’s investment portfolio, thereby providing them the opportunity to borrow an amount (leverage) from the client, by offering him investment modules and then cross investing this amount in a manner that would ensure that by the end of the tenure of investment both the client and the organization profits a lot. Modern world banking has a lot to offer in terms of increasing your monitory value. It’s upon you to opt for the correct service and investment option.



Source by mikefullerton

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