What is Wealth Management?
In simple terms, wealth management is a highly professional service provided by financial experts who offer investment and financial advice to their clients.From our point of view, wealth management includes not only investment and financial advice and planning but it also includes all financial aspects of an individual in general.
By seeking the financial expert’s advice, you will be able to have a clear view of your finances and will be able to manage your current financial situation better by also having more security on planning for your family and personal needs as well as business goals for the future.
Consultative Process
Before wealth managers can map out a specific plan on helping their clients to achieve their financial goals, it is important for them to be fully aware of what those goals are and, moreover, why the client has set such goals. Any wealth manager will (or at least should) tell you that wealth management is a client-centered, consultative process, which begins by defining the financial goals of the client first, rather than a predetermined selection of financial products and services.
Holistic Approach
A wealth manager must, indeed, possess core competencies and expertise in various areas of finance, such as investment, planning, mortgages, retirement, the various forms of insurance and the potential impact of income taxes.
Furthermore, any financial expert should be able to provide informed advice on strategy, offer different paths to achieving your goals and (hopefully) various probability scenarios on the likelihood of achieving your stated goals. In financial terms, the holistic approach simply means considering and integrating all aspects of an individual financial situation such as assets, liabilities and goals which are always considered collectively, rather than individually. Of course, this does not always guarantee specific solutions to specific problems but rather ensures a wealth manager to keep an eye on the ‘big picture’ all the time.
Other Considerations
We here at Ahmeti Wealth Management will always endeavor to offer the best possible solutions and financial advice to our clients by providing the expertise, and special attention to your requests, that will help you reach your business and life-goals. That being said, having a wealth manager plays a really significant role in your life and business achievements. By consulting and having the advice of a wealth expert, you will undoubtedly feel more secure in your financial plans, both in the short and long-term.
