Wealth can take on different meanings to different people. For some it may have something to do with their knowledge, health, family, and relationships. For others, it can mean owning a property or being able to travel the world. But, if we are to look at it on a technical perspective, wealth is best defined as the value of all the assets and future cash flows of a person, household, or company. It is concerned with generating passive income in order to maintain a lifestyle and meet desired financial goals.
In order to optimise and protect wealth and ensure its proper allocation and growth, wealth management is necessary. This discipline pertains to the delivery of a full range of financial services with the aim of helping clients achieve their financial and life goals through proper management of their financial resources. You can discover more about this discipline and start working as a wealth manager by getting into this course.
This study will provide you a good start in the practice of wealth management, giving you an overview of the subject and the role of the wealth manager. It will also take you through the wealth management process, which usually involves identification of client needs, goals and expectations setting, and planning of wealth management strategy. Additionally, the course will touch upon such aspects as investment products, estate planning, asset protection, tax planning, cash flow management, retirement solution, and risk management.
The primary objectives of the wealth management certification course are to: (a) let you know what wealth management is and the purposes it serves; (b) inform you about the range of services wealth management encompasses; (c) help you understand how the wealth management process works; and (d) teach you effective wealth management strategies and habits.