Questions And Answers

here is a "short" definition I found....
"A type of financial service that combines personal investments, tax planning strategies, estate planning and legal counsel. It is designed to provide a broad array of services within the confines of one office"
Hope this helps Jen.

Gosh! But many thanks Ross...

Morning - I have a theory. The banks and investment world cant make enough money out of us so they create a name that sounds like we are getting something wonderful and then give us another reason why we need them. After they have lost our money they will disappear with a huge fat bonus!

I should be reading the morning paper or be on a run! but this is an interesting conversation. Got to admit I'm with Jack a bit on this, cynic that I am sometimes. It smacks of more fees and charges. Having said that, I'm sure that there are some very good advisers out there doing a great job and one that is necessary to a lot of people. I hear this term high net worth, but what about us poor people who are the masses that dont have a zillion £ in the bank and do need advice?

As a professional advisor, I believe it is essential to understand a clients wider affairs even if I am only responsible for the managment of a small portion of their overall wealth. By taking into account assets (or liabilities) that a client may hold elsewhere, this enables me to provide a service more suitable to their circumstances. This is what I understand by wealth management.
Peter Fitzgerald CFA

I am with Brian101 on this. High net worth individual, wealth management all marketing phrases.

An excellent IFA can provide "wealth management" as much as an private bank. It is a word which means they want to help with everything, not just a single aspect of your financial affairs.