scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,254
Wealth management is a crucial component in investing It is a process that entails steps that organize the fundamental features of building a portfolio An investor can deal with the uncertainty of financial markets the uncertainty that markets were volatile last year that they are volatile now and that they will be volatile tomorrow by regularly managing wealth The wealth management process provides a strategic approach to managing and building wealth and will help an investor turn his clients goals into reality In managing the investment process investors must determine their objectives the resources for achieving them and the process to go through to get there Most importantly it is essential for clients to be exposed to any new investment procedure or opportunity in the context of their individualized investment policy The first step in the wealth management process is to establish objectives This step includes analyzing the current situation where all factors that may have a bearing on the decisions should be identified analyzed and integrated into the process Brown Underwood 248 Before making any financial recommendations an investor must build a detailed financial profile so that he can understand the clients personal balance sheet his current asset allocation and help the client develop his investment parameters The result of this process is attaining the assessment of the investors goals With this it is critical for the client to express five key factors his total financial picture his financial goals and objectives his feelings and tolerance for risk his time horizon associated with each of his goals and if the client is building his wealth preserving it or passing it on to others Brown Underwood 247 Proper objectives will be established by these factors through the individualized analysis of the clients current situation The second important step in the wealth management process is to set a strategy This is attained subsequent to the client assessing his goals In setting
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA