Wealth management is a professional service that combines various planning and advisory services to help with all aspects of a person's life.
 | | Wealth Management | | Wealth management is a high-level professional service that combines financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning for one set fee. Clients work with a single wealth manager who coordinates input from financial experts and can include coordinating advice from the client's own attorney, accountants and insurance agent. Some wealth managers also provide banking services or advice on philanthropic activities. | | Breaking it Down: | | Wealth management is more than just investment advice, as it can encompass all parts of... | | Read More » | | Related to "Wealth Management" | | | | Investment Advice | | Investment advice is any advice that provides guidance, for a fee, on assets for investment purposes for an individual or institution. | | Read More » | | | Estate Planning | | Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. | | Read More » | | | Money Manager | | A money manager is a person or financial firm that manages the securities portfolio of an individual or institutional investor. | | Read More » | | | The Wealth Effect | | The wealth effect in behavioral finance suggests that investors feel more secure and will spend more when the value of their portfolios is on the rise. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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