WEALTH MANAGEMENT
Wealth Management is classified as an advanced type of financial planning that provides High Net Worth individuals and families with private banking, estate planning, asset management, legal resources, and investment strategy, with the goal of developing and sustaining long-term wealth.
Wealth management focuses on the High Net Worth retail customers. Banks refer to this group as mass affluent or upper retail clients because of their net worth, the number of potential products they can purchase, their assets under management, and other methods of segmentation. The banks create separate branches, services and other benefits to retain or attract these customers who are typically more profitable than other retail banking customers. Target clients in this space typically have a net worth of somewhere from between USD 150,000 and USD 1,000,000. Usually the term High Net Worth individual refers to people with liquid assets of USD 1, 000, 000, excluding real estate.
Wealth Management has evolved from High Net Worth financial consulting for persons who are top clients of a firm, to a high level of private banking that provides tailored investment strategy, insurance, and bank products and services.
Services typically include:
Portfolio Management and Portfolio Rebalancing
Investment Management and Strategies
Trust and Estate Management
Private Banking and Financing
Tax Advice
Family Office Structures and Management
Stock Research and Stock Trading
Please contact us for further information.