Wealth provides you with money that can be used to realize your financial and personal goals. It aids you to sustain life and remain in good stead even when you are no longer employed. Wealth can get eroded, i.e., reduce in value, over time, if parked on the wrong avenues. Proper wealth management can help plan your money better so that it continues to grow.

What is Wealth Management
Wealth management is a part of financial services that assists you in managing your money and provides you with advisory services. Wealth management includes comprehensive guidance on finance, taxation, estate and legal. Your wealth manager can be your single point of contact who will collaborate with accountants, estate managers, and tax experts to design a holistic wealth plan.

How does Wealth Management Work?
Wealth management revolves around financial planning with a crystal-clear objective of offering better returns on investments. Some broad pointers on how wealth management works:

a) Your wealth manager will note your financial goals with specific timelines if any.
b), they will figure out your risk appetite. By probing with a wide variety of questions
c)you must provide details of how much money you want the wealth manager to “manage” or invest.
d) At this stage, your wealth manager will draft an investment plan recommending different asset classes, financial instrument, timelines and allocations.
e) Taxation will always be factored in so that you get the best possible exemptions and rebates.