Wealth management is an investment advisory service. With the combination of other financial services, the needs of affluent clients will be met easily. This form of management works via consultation when the advisor takes into account the respective client’s information.
Who is a wealth management advisor?
MAS regulates all financial planning activities related to securities, futures and insurance. Tax and estate planning activities do not come under our
regulatory ambit. Hence, only financial planners who conduct activities regulated under the FAA are required to be licensed as a financial adviser. A
financial planner may conduct other activities such as tax planning, but these are not subject to supervision by MAS.