Definition
A comprehensive service that helps you manage your investments, plan for retirement, and organize your estate, typically for higher-net-worth individuals.
What to consider
- Consider professional advice to help coordinate your financial goals.
- Review the performance of any services you use regularly.
- Keep an eye on fees to ensure you’re getting value.
Real world scenarios
- Daryl meets with a wealth manager to coordinate his retirement accounts, real estate investments, and estate planning into one cohesive strategy.
- Chloe’s wealth management plan includes tax-loss harvesting, charitable giving structures, and a balanced portfolio that grows with minimal surprises.
- Regular check-ins help Tasha’s wealth manager adjust assets or insurance coverage, preserving and growing her wealth steadily.
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