The phrase "Wealth management" is used when referring to a suite of financial services contained under a single banner, with a single fee, that is managed by an individual wealth manager, or wealth management firm.
Wealth management services includes all facets of your personal financial state of affairs: From financial and investment advice, to tax services, to retirement planning to estate planning are all part of the most common services offered by wealth managers.
This is a typical question people ask when they are trying to figure out what financial services they need. Do they only need some financial planning support? Or should they elect to go for a full suite of wealth management service tools accessible to them?
Well, the response to that question hinges on your current financial situation.
Since financial planning is a single aspect of overall wealth management, do you think that you will obtain enough advantage from this single activity? Or do you need a more all-inclusive solution, where a wealth manager (or a wealth management services team) can analyze your complete financial situation and help you enhance it as much as possible?
A truly effective wealth manager in Orleans Ontario can do just that: Accumulate all of your financial information, evaluate it at both a higher level, and a distinct service level, to decide what is the best approach for you and your money.
Wealth management services can save you money every single year by reducing your overall tax bill, while also making sure your family is taken care of (through a will and estate planning review) in the event of your passing. It can also help create a comfortable retirement for you and your spouse as well.
Contact our office in Orleans Ontario if you have any questions about wealth management services.