Wealth management is a high-level professional service that combines financial and investment advice, accounting and tax services for one set fee. Clients work with a single wealth manager who coordinates input from financial experts and can include coordinating advice from the client’s own attorney, accountants and insurance agent. Some wealth managers also provide banking services or advice on philanthropic activities.

Wealth Management career is a pool of services aimed at handling every aspect of the High Net Worth Investors’ asset base and helping it to expand. It involves financial advisory services, accounting & tax planning, estate planning, will drafting services as well as other matters that require expert advice. Wealth Managers have mainly experienced bankers who are also Certified Financial Planners or Certified Wealth Managers.

A Wealth Management career has not been taken up very seriously in India. When it came to building a rewarding career in finance, Investment Banking was the first preference. But time is changing now. With evolution in a thought process, growing awareness about wealth creation, and various macroeconomic factors, aspirants are earnestly considering a career in Wealth Management.