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What are the services provided by a wealth manager

A wealth manager is a financial advisor or consultant that works with affluent clients or individuals that have a high net worth. A wealth manager can either be an individual or a wealth management firm with a team of experts that you have access to. These wealth managers offer a broad range of financial services in order to help their clients achieve their financial goals. They also implement personalised financial strategies based on the needs of individual clients.

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What are the services provided by a wealth manager

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  1. What are the services provided by a wealth manager? www.avendus.com/india

  2. What is a wealth manager? A wealth manager is a financial advisor or consultant that works with affluent clients or individuals that have a high net worth. A wealth manager can either be an individual or a wealth management firm with a team of experts that you have access to. These wealth managers offer a broad range of financial services in order to help their clients achieve their financial goals. They also implement personalised financial strategies based on the needs of individual clients.  www.avendus.com/india

  3. What kind of services do they offer? A wealth manager takes on a multitude of roles under the umbrella of financial advisory services. This includes guiding their clients about investment planning, tax services, legal and estate planning, credit solutions, charitable giving, accounting, retirement planning and more. Since managing a client’s wealth involves getting access to their personal information, one of the most important jobs of a financial advisor is forming a close bond and trust with their clients. www.avendus.com/india

  4. Process of wealth management Early in the life cycle of a client-manger relationship, the manager first gets access to all personal information of their client. Once they access the data, they’ll help their clients set certain financial goals for the future. After setting of goals comes arguably the most important part - making personalised strategies and solutions to achieve these goals. Once the strategies are set, the wealth managers undertake the implementation of these strategies for their clients.  www.avendus.com/india

  5. Monitoring Strategies The duty of a wealth manager doesn’t just end at implementing personalised strategies. Wealth management is more of a continuous process. This means continuously monitoring the strategies put in place and course-correcting if necessary. A client’s financial goals can change at any point in their life. Their wealth management firms should be able to change strategies in such instances.  www.avendus.com/india

  6. What is a fee structure? There are various fee structures that wealth managers follow. Some firms have a commission-based fee structure in which they get paid when you purchase or invest in a policy they suggest. Some wealth managers charge a percentage of the value of the assets they manage (usually 1%). Some wealth managers also get paid based on their performance - which means in addition to a basic fee they also earn a certain percentage on higher returns. This fee structure usually depends on the type of firm you hire. www.avendus.com/india

  7. Thank You www.avendus.com/india

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