Private Wealth And Asset Management Services
Affluent individuals and families require the services of a private wealth and assets manager to manage their investments. The wealth and assets managers are proficient in the field of finance. They are well aware of the fluctuations in the stock market. They can advise their clients regarding investment strategies keeping their best interests in mind.
What is private wealth management?
Private wealth management is a service availed by high net worth individuals, small businesses and families. The reason why private wealth management has developed as a field is that affluent clients lack an in-depth knowledge of the stock market. They are also unable to dedicate enough time to understand the strategies for investment.
Therefore, private wealth management services are offered by independent financial advisers, multi-licensed portfolio managers, large banks and large brokerage houses, etc. These services include retail banking, estate planning, legal resources, tax professionals and investment management.
Private wealth management aims at enhancing the financial situation of the client. The wealth manager helps the client achieve his short, medium and long term goals.
Wealth Manager interacts with his clients to understand their long term financial objectives. Then he works out the best investment strategies to achieve those goals.
What is asset management?
Asset management entails management of different aspects of investment such as portfolios and real assets. Asset managers work with wealthy clients. In order to enhance the investor’s returns, the asset managers work in firms or associations with other financial professionals such as brokers, strategists, and advisors. The asset manager oversees the entire financial portfolio which belongs to an individual or a family. It includes everything from securities to property.
Private wealth and asset managers specialize in the management of:
It is a method of alternative investment. In this type of investment funds are pooled. They are invested using different investment strategies to achieve high returns for the investors.
In this method of investment, a regulated pool of funds is collected from many investors. This is invested in securities such as stocks, bonds, money market instruments, etc. Mutual funds offer their investors access to professionally managed portfolios.
Pension and Retirement
Retirement is when you decide to stop working. The pension is the amount of money paid to you when you retire. It is determined by your company or your union. There are several factors that determine it. One of them is the number of years of service you have put in.
These are some of the investment strategies that are opted for by affluent individuals.
One of the best financial advisers in Atlanta, Georgia, Greg Silberman. He is an experienced financial consultant who advises clients based on his experience and foresight. He is adept at management of wealth and assets of high net worth individuals. He has a good idea of the nuances of the stock market.