Wealth Management is a discipline that incorporates financial planning and advisory services to a wide array of clients ranging from average to high-net-worth and ultra-high-net-worth individuals and families. It includes portfolio management and several financial services. It is a professional service that can also encompass all parts of a person’s financial life. Wealth management is done by wealth managers. Wealth manager can be a MBA professional, Certified Financial Advisor (CFA), Certified Financial Planner (CFP) or any credentialed professional money manager who works to enhance the growth and income. Wealth management services can also be provided by large company entities, independent financial advisors, or multi-licensed portfolio managers but their services are designed to focus on high-net worth customers only. Wealth Managers use their experience in estate planning with risk management to manage the holdings of high-net-worth clients.

In other words, the wealth management is an integrated process for helping the clients to manage their wealth. It involves a wide range of services like investment management, retirement planning, children education planning, children marriage planning, estate planning, tax planning, debt management, cash flow and much more customized plannings according to clients’ requirements.