What is “wealth management”?

Wealth management is a holistic financial service designed to preserve and grow a client’s wealth over the long term. It covers several areas such as:

Investment advice: Investments in securities, property or other assets.
Financial planning: Personalised wealth structuring and optimisation strategies.
Tax planning: Minimising the tax burden.
Estate planning: Ensuring an orderly transfer of assets.

The service is usually provided by banks or specialist advisers to wealthy individuals or families. The aim is to achieve financial goals that are in line with personal needs and values.