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When ever we come across the word Wealth Management it appears to an investor as something coming down from the Planet Mars. But if we analyze the basics without getting to much within the complicated jargon we find 2 things primarily,1)Proper Asset allocation and 2) Risk control. Apart from them one can find many more things within wealth management. But in all definitions we find the above 2 basic meanings behind the objective of wealth management.
The things offered within the meaning of Wealth management are
  • Investment planning: assists you in investing your money into various investment markets, keeping in mind your investment goals.
  • Insurance planning: assists you in selecting from various types of insurances, self insurance options and captive insurance companies.
  • Retirement planning: is critical to understand how much funds you require in your old age.
  • Asset protection: begins with your financial advisor trying to understand your preferred lifestyle and then helping you deal with threats, such as taxes, volatility, inflation, creditors and lawsuits, to maintaining this lifestyle.


  • Tax planning: helps in minimizing tax returns. This might include planning for charity, supporting your favorite causes while also receiving tax benefits.
  • Estate planning: helps in protecting you and your estate from creditors, lawsuits and taxes. This service is critical for every person whose net worth is high.
  • Business planning: This service aims at optimizing the tax free advantages of running your own business.
  • Business succession planning: assists in planning for the inevitable to maximize returns.
  • Wealth transfer: helps you pass on your wealth to your dependents.
But so many advantages will make the process of understanding Wealth Management will make it very complicated rather than simplifying the process of Wealth Management.
So we will break up and come up in simpler forms the different Prime wealth management process.
Mark one thing and make it a note. Wealth Management does not solely focus on Wealth Maximizing or making your hard earned money double.

Published by

Indraneel Sen Gupta
(Vice President-Business Development,Research & Product IFAN Finserv Private Ltd.(SPA Group Company) )
Category Shares & Stock   Report

  77 Shares   33645 Views


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