Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. High Net Worth Individuals (HNWIs), small business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management.
Who can be Wealth Managers?
- Certified Financial Planners,
- Chartered Investors,
- Chartered Financial Analysts, or
- Credentialed professional money manager
Where does Wealth Management help an individual?
Colleges where Wealth Management is taught
- Indian Institute of Capital Markets,
- Indian Institute of Financial Planning, etc.
Well in the near future there are going to be many scopes in this field as there is growing competition and concern for people of their business. In a private sector Wealth managers can get salary upto Rs.8 lakhs whereas the amount in Public sector might be Rs. 5 lakhs. In MNC’s the amount might climb upto as high as Rs.24 lakhs. So for all those who are planning to go ahead with Wealth Management as their career, well its a real good investment and more than that the knowledge that we get is more than anything.