Financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning are all included in the investment advisory service known as wealth management for a fixed price. Growing and preserving a client's wealth over time is the aim of wealth management. Typically, a team of financial specialists, including a financial advisor, accountant, lawyer, and insurance specialist, are involved in wealth management, which is a type of advising service. The financial advisor is in charge of establishing an overall financial strategy and giving investment recommendations.