Wealth management & Retirement Planning for individuals and businesses

Wealth management is an investment-advisory discipline which incorporates financial planning, investment portfolio management and a number of aggregated financial services offered by a complex mix of asset managers, custodial banks,

retail banks, financial planners and others.

What is my role in wealth management & Retirement Planning for individuals and businesses?

  • Interviewing clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
  • and then Answering clients’ questions about the purposes and details of financial plans and strategies.
  • Recommending to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
  • Analyzing financial information obtained from clients to determine strategies for meeting clients’ financial objectives.
  • Implementing financial planning recommendations or refer clients to someone who can assist them with plan implementation.
  • Reviewing clients’ accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
  • Managing client portfolios, keeping client plans up-to-date.
  • Contacting clients periodically to determine any changes in their financial status.
  • Preparing or interpreting for clients information such as investment performance reports, financial document summaries, or income projections.
  • Recruiting and maintaining client bases.
  • Explaining to clients the personal financial advisor’s responsibilities and the types of services to be provided.
  • Investigating available investment opportunities to determine compatibility with client financial plans.
  • Guiding clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
  • Monitoring financial market trends to ensure that client plans are responsive.
  • Recommending financial products, such as stocks, bonds, mutual funds, or insurance.
  • Meeting with clients’ other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients’ financial goals and circumstances.
  • Devising debt liquidation plans that include payoff priorities and timelines.