Differences between Asset Management & Wealth Management

Asset management refers to managing assets that could involve investments like equity, fixed income securities, real estate, global investments, etc. Asset management firms are concerned with maximising returns of clients’ assets.

Wealth management refers to overseeing all the financial aspects of the client and may include management of assets, taxes, estate, cash flows, and all other possible uses of money. Wealth management thus encompasses asset management and takes a holistic view of the client’s finances. Based on their requirements, investors need to decide whether they require the services of an asset management firm or a wealth management firm or both.

We are experts in both. Please review our standard agreement here.

Asset Management & Wealth Management

Asset Management

Asset management is the direction of all or part of a client's portfolio by our financial services institution. Institutions offer investment services and a wide range of traditional and alternative product offerings that might not be available to the average investor.

  • Asset management refers to the management of investments on behalf of others.
  • Asset management aims to grow a client's portfolio over time while mitigating risk.
  • Asset management is a service our institution offers catering to high net-worth individuals, government entities, corporations and financial intermediaries.

Wealth Management

Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. Using a consultative process, the advisor gleans information about the client's wants and specific situation and then tailors a personalised strategy that uses a range of financial products and services.

Wealth management is more than just investment advice: It can encompass all parts of a person's financial life. High net worth individuals are more likely to benefit from a holistic approach. In this method, a single manager coordinates all services needed to manage their money and plan for their own or their family's current and future needs.