wealth management


What is Wealth Management?

Wealth managers offer services that include investment advice, accounting/tax services, retirement planning, and legal/estate planning. The advantage to clients is that they get all of these services for a single fee, and the wealth manager then coordinates input from the other financial experts on the client’s team, such as attorneys, accountants, and insurance agents. The more wealth a person has, the more financial decisions they need to make. The options available can be overwhelming, and a wealth manager can steer clients toward ideas that make the most sense for them.

Some important knowledge areas for wealth managers include effective strategies for giving to charities, intra-family transactions, multi-generational estate plans, and understanding the impact of partnerships and illiquid assets in the estate.