Wealth management Investment Basics Knowledgebase
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.
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