Imarticus Learning - Big Data Analytics Training Institute | Certification in Big Data

Wealth Management although seen by many as a field with gold laced benefits and great perks and ultimately leading to a refined, high standard lifestyle. This is why there happen to be so many people who are both attracted to and want to make a career in this field. Basically speaking, wealth management is referred to as a high level professional service, which is a combination of both financial services and investment advice. Apart from these two major components, other minor components of this include various tax services, accounting, retirement planning, legal as well as estate planning and so on. Just like the name suggests, this profession is usually meant for the management of the wealth of a certain individual and helping them in order to spend their financial assets so that they get maximum returns and dividends out of the same. Here, these individuals or clients are better known as high net worth individuals are actually supposed to work with these Wealth Managers, who ...

Let’s just get what real Wealth Management is about out of the way first. There was a time when most very wealthy people kept their money in massive safes complete with security guard or put their cash away in Fixed Deposits, Real Estate and gold. However Fixed Deposit returns are too low, real estate too illiquid and gold, well let’s be realistic, how much gold do you want to hoard in your tijori. Wealthy people also had lots of advisors, they had accountants, lawyers and even bankers but they really had to depend on themselves to manage their estate. That was fine when you were Wooster and had nothing but time, but these days wealthy people are not just large business families but also corporate honchos and neither have either a Jeeves or the time to spend hours managing their money. What they want is a one-stop shop. One person who takes everything they own and allocates it efficiently across multiple Asset Classes (we will discuss asset classes in another post about wealth mana...