Wealth management

Wealth management

Wealth Management is an advanced investment advisory discipline that incorporates financial planning and specialist financial services. The key objectives are to provide high net worth individuals and families with tailored retail banking services, estate planning, legal resources, taxation advice and investment management, with the goal of sustaining and growing long-term wealth. Whereas financial planning can be helpful for individuals who have accumulated wealth or are just starting to accumulate wealth, one must already have accumulated a significant amount of wealth for the wealth management process to be effective.

Wealth management can be provided by independent financial advisers or large corporate entities whose services are designed to focus on high-net worth retail customers. Such customers would be considered 'mass affluent' or 'upper retail' clients because of their net worth, the number of potential products they own from financial institutions, their assets under management and other methods of segmentation. Large banks and brokerage houses create separate sales forces, services and other 'benefits' to retain or attract these customers who are typically more profitable than other retail banking, brokerage, or insurance customers. However, wealth management clients are not Private Banking clients because they simply do not have the Net Worth or Assets under management to justify the level of banking services that Private Banks provide.

References

External links

* [http://www.occ.treas.gov/handbook/invmgt.pdf Wealth Management Department of Treasury Handbook]
* [http://www.federalreserve.gov/SECRS/2004/October/20041028/R-1154/R-1154_160_1.pdf Federal Reserve Comments]
* [http://www.ffradvisor.com/ EXAMPLE of advisory company First Financial Resources]
* [http://www.thefreelibrary.com/The+wealth+management+solution-a0118443314 Dictionary - Wealth Management]
*Opportunity Knocks - Unlocking the Wealth Management Potential in Asia, Deloitte & Touche - Financial Services [http://www.deloitte.com/dtt/cda/doc/content/dtt_fsi_APPOV7-WealthMgmt-20061108(1).pdf]


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • wealth management — UK US noun [U] FINANCE ► the business or activity of advising people, especially rich people, on how to invest and manage their money and property: »There is an increasing demand for after retirement wealth management. » wealth management… …   Financial and business terms

  • Wealth Management — Das Private Banking bezeichnet eine Betreuung für meist vermögende Kunden, die intensiver und persönlicher ist als im Massenkundengeschäft, dem Retailgeschäft. Es gliedert sich in Vermögensberatung und Vermögensverwaltung auf. Bei der… …   Deutsch Wikipedia

  • Wealth Management — A professional service which is the combination of financial/investment advice, accounting/tax services, and legal/estate planning for one fee. In general, wealth management is more than just investment advice, as it can encompass all parts of a… …   Investment dictionary

  • wealth management — / welθ ˌmænɪdʒmənt/ noun investment services offered by banks to people with more than a specific amount of money in liquid assets …   Marketing dictionary in english

  • Dundee Wealth Management — Infobox Company company name = Dundee Wealth Management company company type = Public company (tsx|DW), (parent Dundee Corporation tsx|DC) foundation = 1998 (parent Dundee Corp founded 1992) location = Toronto, Ontario (Canada) key people = Ned… …   Wikipedia

  • Private Wealth Management — (PWM) is the term generally used to describe highly customized and sophisticated investment management and financial planning services delivered to high net worth investors. Generally, this includes advice on the use of trusts and other estate… …   Wikipedia

  • Tilney Private Wealth Management — is one of the largest wealth managers in the UK, with over 15,000 clients and assets under management in excess of £8.1 billion. The firm was founded in April 1836 as RJ Tilney Co. Tilney Private Wealth Management is a trading name of Tilney… …   Wikipedia

  • CIBC Wealth Management — is the brokerage division of the Canadian Imperial Bank of Commerce (CIBC). The CIBC prefers to use phrases like wealth building and wealth management to describe its investment services. Like most banks, their financial products include stocks,… …   Wikipedia

  • Professional wealth management — Infobox Magazine title = Professional Wealth Management image size = 150px image caption = PWM , Front cover company = Financial Times Group frequency = Monthly total circulation = 12,750 language = English category = Wealth Management editor =… …   Wikipedia

  • Private Wealth Management — Das Private Banking bezeichnet eine Betreuung für meist vermögende Kunden, die intensiver und persönlicher ist als im Massenkundengeschäft, dem Retailgeschäft. Es gliedert sich in Vermögensberatung und Vermögensverwaltung auf. Bei der… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”