What Is Wealth Management?

Wealth management takes a holistic or integrated approach to manage your overall assets and financial plans. Kowit Lanchu/Shutterstock

Most people want their money and possessions to grow. Or at least they want their assets to hold their value. Wealth management helps to do just that. It takes a holistic or integrated approach to manage your overall assets and financial plans.

Through a wealth manager, you can review and make decisions to grow your wealth. But how does wealth management work?

Wealth Management and Its Goals

The main goal of wealth management is to achieve financial security and protect and grow your wealth. A wealth manager is a licensed professional that provides more than just investment advice. They approach your wealth holistically.