Wealth Management

Dictionary Says

Definition of 'Wealth Management'

A professional service which is the combination of financial/investment advice, accounting/tax services, and legal/estate planning for one fee.
Investopedia Says

Investopedia explains 'Wealth Management'

In general, wealth management is more than just investment advice, as it can encompass all parts of a person's financial life.

Related Definitions

  • Asset Management

    1. The management of a client's investments by a financial services company, usually an investment bank. The company will invest on behalf of its clients and give them access to a wide ...
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  • Portfolio Management

    The art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risk ...
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  • Sophisticated Investor

    A type of investor who is deemed to have sufficient investing experience and knowledge to weigh the risks and merits of an investment opportunity.For certain purposes, net worth and ...
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    • Wealth

      A measure of the value of all of the assets of worth owned by a person, community, company or country. Wealth is the found by taking the total market value of all the physical and ...
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    • Effective Net Worth

      The shareholders' equity of a corporation, plus subordinated debt. Effective net worth is particularly useful in closely held corporations, since executive officers in these entities are ...
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