What is Wealth Management ? – Introduction

Wealth Management; Nowadays It is a popularly used set of words, vast majority of the people thinks it is only for the wealthy people, but without their knowledge they are dealing with a wealth management company or a wealth manager in their day to day life.

According to Wikipedia, wealth management is “an investment-advisory discipline which 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”

Sounds technical? not at all, you will be able explain to anyone about what is wealth management after reading this short read.

Introduction to Wealth Management

Wealth management is very straightforward. In simple terms, wealth management is an art of enhancing an individual’s financial situation. From the Wealth manager’s perspective, wealth managing is the skill of a consultant or advisory team to provide a vast range of financial services and products to client in a counseling way.

Benefit of having a wealth manager

A good wealth manager can understand your financial situation and your goal; he will propose you the best financial medium in existence based on your capacity of risk taking.  Theoretically, a wealth manager can provide every single financial product available in the market.  In a practical market condition, wealth managers have different specialisation such as stocks, asset & real estate etc.

As I told before, your personal banker is a wealth manager to you, your insurance advisor is a wealth manager to you and your loan officer is a wealth manager to you. It’s not a must you have to be a high net worth individual to have wealth manager.

You can find plenty of wealth managers and wealth management Companies in our country, make sure to select a trustworthy and knowledgeable wealth manager to advise you based on your risk appetite, investment goals and interests. trust me, you will see a drastic positive difference in your wealth position.


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Kathirnathan Ragulan

Kathirnathan Ragulan is the founder of advisor.lk and a serial entrepreneur, Business Consultant, Wealth Tech entrepreneur, Personal Finance & Debt Management Expert with over a decade of banking and investment industry experience.

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