What then is Wealth Management? And what do wealth managers do differently from other financial advisors? What differentiates these 6.6% from the other 93.4%?
According to the experts who study such things, wealth managers include the following in their financial planning practice:
- Wealth Manager’s approach is collaborative.
- Wealth Managers provide customized strategies to client’s individualized needs beyond simply investment consulting.
- Their advice, including investment management, is ongoing.