What is the difference between financial planning and wealth management?
October 26th, 2009
What is the difference between financial planning and wealth management?
Financial planning is applicable to everyone and can be done by the individual as well as under the direction of a professional Financial Advisor. Typically this includes maintaining an IRA, 401-K, and perhaps other investment strategies such as a market account for buying/selling stocks and bonds, CDs. etc. Wealth management is a subset of financial planning for those who are very well off and need extensive professional financial advisory services that include large share (big bucks) investment opportunities, tax planning, charitable trusts, etc.
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Tags: business plan financials
