Wealth management is a term that describes various financial services intended to protect and increase the riches of the affluent people and their families for many years.
- Investment portfolio construction as well as supervision: We come up with diverse portfolios in line with our customers’ risk tolerance, return objectives and timeline.
- Estate planning: The creation of tax efficient strategies for passing wealth intergenerationally through wills, trusts etc.
- Insurance consulting: Risk protection and asset protection using optimized life, health and property insurance policies.
- Lending solutions: This includes prime brokerage services, securities-backed lines of credit for investment or personal needs.
- Liquidity management: Advance notice of large capital requirements, short-term investing for idle funds, emergency access.
Example:
For a successful entrepreneur nearing retirement, the wealth manager designed a plan to gradually shift holdings from growth assets into dividend stocks and fixed income, set up an irrevocable life insurance trust to offset estate taxes, and structured a legacy gift fund for philanthropic goals.
Takeaways:
Tailored wealth management provides high-net-worth clients strategic guidance, implementation support and oversight to prudently steward resources in line with their evolving needs, priorities, and family responsibilities over the long run. Comprehensive yet customized services aim to both maximize after-tax returns and peace of mind.
