Wealth management and investment advisory

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+27 11 268 1282

Bayswater Capital Head Office
Unit 4, Ground Floor,
Commerce Square
Rivonia Road
Sandhurst, 2194

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What is Wealth Management?

14 Nov 2022

What is Wealth Management?

Your wealth should be managed properly – this includes money and possessions. It’s important to grow it and make sure that it doesn’t decrease in value. Wealth management is the process of analyzing your wealth and making decisions so you can reach your financial goals.

A wealth manager is a person who provides financial guidance and services to assist you with your wealth management requirements. These types of wealth management services may include retirement, investment, tax or estate planning.

Understanding Wealth Management

Wealth management is the process formulating a strategy on how to manage your assets, which can be done with the assistance of a wealth manager. A good financial planner can help you plan for any kind of financial future, including investments, taxes, estate planning, and other financial matters.

Wealth management helps people protect their financial assets as well as grow their wealth.

A wealth manager is a qualified professional that offers financial counsel and services to people who need help with wealth management. They are a licensed professional that delivers a range of financial services. They would offer things like estate planning, tax guidance, insurance sales, financial planning, or investment management.

The objective of a wealth manager is to facilitate the growth and preservation of their clients’ wealth over the long term.

Do You Need Wealth Management?

The choice to use a wealth manager is dependent on your financial situation and goals, as well as your financial knowledge. Even if you are 100% certain about your financial goals and have a strategy on how to achieve them, it is best to play it safe and consult the experts to avoid losing money, especially if you are dealing with large amounts of it.

For example, if you run into questions that you don’t know the answer to, or have goals that require input from a specialist, a wealth manager could be of significant help in making informed decisions regarding your finances and guide you throughout the process.

Now you’ve had a clear introduction to what wealth management is and how it works!