Also wealth management is more focused on wealth preservation than generating high returns, that is more the focus of asset management (e.g. hedge funds, private equity etc.).
This is a bit simplistic. It’s more focused on setting a target return and cash flows consistent with your current life plans. Whether this is a defensive or more aggressive position is really up to you and your goals. But Wealth managers are about putting an investment strategy in place to achieve that. They also help actively manage your portfolio to address macroeconomic trends.
This is a bit simplistic. It’s more focused on setting a target return and cash flows consistent with your current life plans. Whether this is a defensive or more aggressive position is really up to you and your goals. But Wealth managers are about putting an investment strategy in place to achieve that. They also help actively manage your portfolio to address macroeconomic trends.