Wealth & Asset Management Products

Understanding the basic concepts and processes is essential to better understanding wealth management. In this article, we will take a detailed look at the difference between Asset and wealth management products. An asset is anything that can be converted into money, while wealth is the total value of all assets that a company owns. Subsequently, the former and the latter are subject to management to maximize potential. 

We will quickly and clearly explain what Wealth Management Products are

The concepts of Wealth & Asset Management Products have a common goal - to improve the financial well-being and the path to success of a company or project. At the same time, they have different methods, directions, and ways to achieve this goal. Let's define wealth management products in more detail. It is a comprehensive approach to managing the finances of wealthy individuals and families, which includes accounting and taxation, insurance, retirement planning, legacy planning, estate planning, and philanthropy.

It is essential to complement wealth management products with the definition that this type of investing involves an asset manager who is regularly engaged in analyzing the organization's financial position and development. This area covers financial investment, wealth management, tax planning, inheritance planning, risk management, legal counseling, and more.

Do you want to know the difference between wealth management and Asset Management products and services?

While Private Wealth Management Products are focused on the financial development of a single organization, there is also the concept of Asset Management Products. This is the process of managing portfolios of different asset classes. For example, it can be bonds, stocks, real estate, commodities (gold, oil, etc.), or hedge funds. Management takes the role of a manager on behalf of the client. This can be funds, corporations, or very wealthy individuals.

Whereas Wealth Management Products and Services have a more extended management scope, Asset Management Products use specifically necessary methods and tools to influence the market. This may include risk assessment, portfolio diversification, asset allocation, etc.

Determining the method of asset management depends on the client's specific needs. If it's all-inclusive financial planning, wealth management would be a better option. If you are planning to optimize your investment portfolio, then it will be sufficient to use asset management services. We suggest that you take advantage of our specialist's consultation and learn more about fund formation. To do this, leave a request on our website or contact us in a convenient way.