More than just Investment management: How wealth management firms are diversifying services
Today’s financial resources require more than investment acumen—they demand a holistic approach to managing an individual’s or family’s entire financial life. This is where wealth management firms become agents of positive change. And these companies bring a complete. Solution of services well beyond what they considered traditional investment advice by integrating tax planning, estate strategy, risk management, and retirement planning under one roof. Customization is the heart of what wealth management companies offer. They take a deep dive into every client’s financial life, crafting solutions to solve specific needs — whether it’s to pay for a child’s schooling, plan a philanthropic legacy or negotiate an exit strategy for a business. It is this attention to personalization that sets them apart from traditional investment advisors. Recent years have also seen an increase in focus on inter-generational planning. Wealth management firms are assisting families to build gene...