Wealth management is more than just investment advice. It can encompass all parts of a person’s financial life. Instead of receiving advice and various products from multiple professionals, high-net-worth individuals may be more likely to benefit from an integrated approach, where all services come from or are managed by a single source.

Wealth management is a comprehensive service focused on taking a holistic look at a client’s financial picture, including services such as investment management, financial planning, tax planning and estate planning.

Wealth management is a specialized investment advisory service aimed at affluent individuals and families. Wealth management encompasses many different services, such as: Investment management. Financial planning. Tax avoidance. Trust administration.

Private wealth management is an investment advisory practice that incorporates financial planning, portfolio management, and other aggregated financial services for individuals, as opposed to corporations, trusts, funds, or other institutional investors.