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What is wealth management?
If there is a truth in the financial market today, it is that no one gets rich by investing money in the savings account. Absolutely no one. Until today, few people have managed to reach the top of the financial pyramid and those who have, have fortunes unimaginable for an ordinary citizen.
- An example of a person who has managed to reach the top of life is Bill Gates. The founder of Microsoft has so much money that if he decided to invest his entire fortune on the Turkish Stock Exchange, he would control 65% of the country’s entire market.
- With assets of this size, it is natural for these people to look for alternative forms of management and financial planning. And it is in this part that they differ from the large investing mass.
The management of large fortunes and assets is known in the financial market as wealth management. In this field, the financial consulting, planning and administration services provided to individuals and companies are carried out exclusively, with differentiated investments of high standard financial management.
When to do it?
Wealth management is a wing of the financial market that works differently than usual. Starting with the so-called “financial advisors”, which offer and indicate the best applications available on the market based on the needs of each client.
- In addition, the private offices that work with the wealth management modality offer all the necessary support regarding tax issues, asset management and equity advice, providing comfort and convenience to high-income clients.
- As it is a complete service, which centralizes all the financial needs of a client with greater purchasing power, the ideal is that you search for offices that provide wealth management from the moment you are no longer able to organize. The more assets a person has, the more difficult it becomes to manage these resources.
So, if you have reached the point where controlling your resources on your own is no longer viable, you need to look for alternatives, and wealth management is the best one for providing, in addition to capital management services, investment and planning suggestions financial.