Wealth management is often misunderstood, perhaps only recognized a service provided to ‘wealthy people’ but that’s just not the case.
We all have wealth, whether it’s a little or a lot, and it’s important to be able to manage that wealth correctly, taking many different circumstances into account. Wealth management often comes in the form of advice, rather than someone taking control of your wealth, which would be wrong.
It’s a form of financial planning that helps people reach their goals. It can involve very personal meetings; allowing the advisor to really understand their unique situation. Some people may need help with their pension, perhaps they’re planning for it, while others may have new money available to invest, either away wealth management services can help, and it’s not just a case of it being a service for the rich’ people.