What Is Wealth Management?
Wealth management refers to the professional handling of an investment portfolio. Individuals and institutional investors use wealth or investment management to make the most of their money. If you don’t have time to manage your investments or aren’t confident about making investment decisions independently, a wealth manager can help.
What Is Investment Management?
Investment management refers to the process of managing financial assets and other investments. It includes coming up with an investment strategy for the buying and selling of portfolio holdings and managing investments to align with clients’ goals and risk tolerance. It can also include budgeting, banking and tax services.
Simply put, wealth management is the practice of managing assets within an investment portfolio to achieve a specific goal. The term is also referred to as portfolio management, money management or investment management.
Investment management services include asset allocation, stock selection, portfolio management and overseeing existing investments. Investment management isn’t just about monitoring clients’ portfolios; it may also include financial planning and advisory services.
What Does an Investment Manager Do?
Investment managers are typically charged with managing the investments of a company or an individual. Managing the assets usually means that the investment manager selects what to invest in and decides when to invest or withdraw money from a certain investment. They often deal with a wide range of securities and financial assets, including stocks, bonds, commodities and real estate.
Building Wealth
The job of an investment manager is to grow wealth for both individuals or companies. An individual may hire the services of an investment manager to manage their financial portfolio; alternatively, many companies hire an in-house team of managers to manage their portfolios based on the company’s goals.
The goal of an investment manager is to make money for their clients. They do this by devising an investment strategy to meet the clients’ goals, then use that strategy to decide the type of investments to add to their portfolio. Generally speaking, the work of an investment manager is to manage clients’ portfolios on their behalf and make profits.
How Investment Management Works
Investment management firms typically manage your portfolio on your behalf. An investment manager will first assess your goals and risk tolerance by asking you a series of questions. Based on the answers you provide and factors, such as time frame and returns, they’ll then come up with an investing strategy to match your needs.
When To Hire a Wealth Manager
If you feel that your portfolio is getting too much for you to manage on your own, it may be time to hire an investment manager. They can help you make more informed investing decisions. Even if you’re feeling good and like things are going well, hiring a professional only makes sense as part of a long-term investment strategy.
Choosing to work with a financial professional can be one of the best life decisions you make. Knowing what qualities make a transparent, reliable and objective advisor will allow you to find a professional who can help you achieve your financial goals.
For a holistic review of your finances or to get a second opinion on your current holdings, contact me, I will be happy to help with whatever questions you may have.
Rob.
E;robert.gourlay@holbornassets.com T:(+6)01151565649 W:www.rgwealthsolutions.com
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