Wealth management : Meaning , Example And Types of Wealth Management
What is Wealth management?
Wealth management or wealth management advisory provides services to a wide array of clients ranging from affluent to high-net-worth and ultra-high-net-worth individuals and families.🌻Example of Wealth management
An example would be an insurance company where their agents sell insurance but describes its insurance agents as providing wealth management. Or an investment firm that is solely managing your investments, but refers to those services as wealth management.
🖐️Types of Wealth management
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There are majorly three types of service providers for wealth management currently- Banks, Brokerage firms and Boutique advisory firms. Banks have larger investment distribution model which means they concentrate on a larger investment portfolio. They cater to mid-level segment clients as well as the HNWI's.
There are majorly three types of service providers for wealth management currently- Banks, Brokerage firms and Boutique advisory firms. Banks have larger investment distribution model which means they concentrate on a larger investment portfolio. They cater to mid-level segment clients as well as the HNWI's.
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