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Wealth management is a service that combines financial and investment advice, accounting and tax services, and legal and estate planning.

Wealth managers charge a fee for their services that’s frequently a percentage of their clients’ assets under management. To qualify for wealth management services, an investor must meet a certain net worth minimum that varies by firms.

Wealth managers want to build and sustain their clients’ wealth, which requires more than just giving investment advice. Wealth management encompasses all parts of a person’s financial life, including saving for retirement, paying a mortgage, paying for an education, and more. Wealth managers tailor their services to meet specific needs.

Investors can benefit from the knowledge and information wealth management provides. Think of the world’s best athletes – even they need coaching. Even the most seasoned investors can benefit from the experience a wealth manager offers. And many times, wealth managers can remove emotions that might otherwise influence an investor’s decisions. 

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