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Wealth Management

Updated on March 20, 2023

The concept of wealth management includes providing investment advisory services to individuals belonging to the affluent class or family businesses with huge assets, or HNIs and similar investors. These services are offered by experienced professionals like professional wealth managers, companies providing financial services, and professionals like CAs, CFAs, etc.

Services provided under wealth management

Various services can be included under the scope of wealth management. These services can include
Managing existing finances and planning strategies to maximize them over a significant period of time.
Setting financial goals for investors based on their priorities.
Estate planning (wealth management to pass on as inheritance),
Tax planning,
Philanthropic planning
Retirement planning, etc.
Wealth management is a tailor-made process that adheres to the specific client needs and devises an investment plan based on factors like risk analysis, returns expectations, accessing diverse investment products for optimum asset allocation, and meeting short-term, mid-term, or long-term goals.