Big Picture

WHAT EXACTLY IS WEALTH MANAGEMENT?

WHAT EXACTLY IS WEALTH MANAGEMENT?

There’s financial planning, and then there’s wealth management. Think of wealth management as a step up from garden-variety financial planning. One office (rather than one person) provides a range of services for a client: personal financial planning and investment management, tax reduction and estate planning strategies, and occasionally in-house legal resources. Business continuation planning, tax preparation and even budgeting and bill paying are sometimes added to the menu.