Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. It is a consultative process whereby the advisor gleans information about the client's wants and tailors a bespoke strategy utilizing appropriate financial products and services.
Wealth management combines both financial planning and specialized financial services, including cash-flow management, estate planning, debt management legal and tax advice, and investment management services. The goal of wealth management is to sustain and grow long-term wealth.
There are no quick or easy gimmicks to financial success. There are, however, clear steps you can follow to assess where you are today and set you on a course of action to improve your net-worth and move toward success.