Wealth Management refers to a type of service offered by a number of finance firms in the industry. This is a high-level professional service, which primarily, is a combination of investment advice as well as financial advice, accounting, tax services, retirement planning, legal planning and so on. Various investment firms are known to offer these services, to a distinguished class of clients, who work with a single wealth manager, who then is responsible for coordinating input and advice, from both the clients as well as industry experts and supplying them with the same. Wealth Managers, those professionals who work in this field are also equipped with skills, that enable them to provide banking services as well as investment advice on various philanthropic activities. This field is known to encompass a certain individual’s whole financial life and getting all their financial needs taken care of, by one certain professional.
The field of wealth management has gone on to gain quite a lot of popularity because the clients here are mainly high net worth individuals. A number of finance aspirants, interested in the field of investment banking, choose to get trained and achieve the skills required to master this lucrative field. Institutes like Imarticus Learning are known to offer the best, industry endorsed professional courses in wealth management, among other branches of finance. While getting trained, in accordance with the industry standards is necessary, it is also important to refer to comprehensive books from time to time, which provide extensive knowledge on the subject of wealth management.
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Table of Contents
- 1 Here’s a list of the top 3 books on Wealth Management
- 2 Wealth Management: The Financial Advisor’s Guide to Investing and Managing Client’s Assets, by Harold Evensky
- 3 Wealth: Grow It, Protect It, Spend It and Share It by Stuart E. Lucas
- 4 The Wealth Management Index: The Financial Advisor’s System for Assessing & Managing Your Client’s Plans and Goals by Ross Levin
Here’s a list of the top 3 books on Wealth Management
Wealth Management: The Financial Advisor’s Guide to Investing and Managing Client’s Assets, by Harold Evensky
The process for developing an effective, optimal asset allocation policy designed to account for each client’s goals as well as constraints, is effectively explained in this book. This book outlines a wealth management program, which begins with client education, risk tolerance evaluation and continues with optimization and finally concludes with implementation, which is done by multiple money managers. The best attribute of this book is that the program outlined herein, is more focused on the client, as opposed to investment.
This book is cited as the most important read, by a number of experts in the wealth management industry. Essentially dealing with the management of assets, this book fits right in, with the modern times, where a lot of money is being generated by professionals, as compared to the earlier times; this is exactly why planning your retirement and allocation of your resources is extremely important and this book sheds light on exactly that.
The Wealth Management Index: The Financial Advisor’s System for Assessing & Managing Your Client’s Plans and Goals by Ross Levin
This book being cited as a landmark literary work presents the Wealth Management Index, which is an innovative tool for financial advisors, in order to quantify their client’s success in financial planning. This book is known to offer financial advisors, the various guidelines, and strategies, in order to determine their clients’ needs and provide the best suitable advice.