Topic summary
Wealth manager
Extracted from the Wikipedia article Wealth management.
Private wealth management
Wealth management can be provided by large corporate entities, independent financial advisers, or multi-licensed portfolio managers who design services focused on high-net-worth clients. Large banks and large brokerage houses develop segmented marketing strategies to sell both proprietary and non-proprietary products and services to investors identified as potential high-net-worth clients. Independent wealth managers use their expertise in estate planning and risk management, along with their affiliations with tax and legal specialists, to manage the diverse holdings of such clients. Banks and brokerage firms also use advisory talent pools to aggregate and deliver these services.