Wealth Management Process
What is Wealth Management?
It is a holistic approach to financial planning and investment management, encompassing a wide range of services like financial goal setting, asset allocation, investment selection, risk management, tax planning, and estate planning with the ultimate aim to empower high-net-worth individuals and families to achieve their financial aspirations and build lasting wealth. – Investopedia
Who is a financial consultant?
- A financial consultant is a certified financial expert who assists clients in understanding their assets and what they want those assets to achieve for them in both the short and long run. These plans contain a range of financial methods incorporating investments, insurance, taxes and retirement planning, to assist individuals in preparing for a pleasant retirement and unanticipated financial emergencies. They assist their clients in meeting financial objectives by examining budgets, investments, savings and other areas. – MAS
The Financial Planning Process
Although there are many methods to approach financial planning, the pyramin is most widely used because of its ability to include the most essential parts at the base and progressively address higher financial needs as you move up.
Drawing inspiration from Maslow’s hierarchy of needs, this pyramid was developed by Andrew, a distinguished Chartered Financial Consultant and former lecturer. With two decades of experience managing and coaching insurance professionals, Andrew is one of the few Singaporeans holding four chartered certifications in financial services and an advanced diploma in Wealth Management.
Andrewhas authored six published books on financial topics, solidifying his position as a thought leader in the field. Andrew’s pyramid serves as a step-by-step guide to empower individuals on their journey toward financial freedom, providing a valuable blueprint for those striving to attain their own financial goals.
