Wealth management services is an investment advisory discipline that integrates financial planning, investment portfolio management, and several other financial services. Wealth management services is a consultative process whereby advisors obtain information about the client’s wants and tailor a bespoke strategy utilizing appropriate financial products and services. Wealth management is also referred to as a form of high-level private banking.
Wealth management services are a type of investment advisory service that uses financial services to address the needs of clients.
Despite having a regular source of income, it’s easy to get out of control with expenses and end up with cash shortages at the end of the month. Wealth management prevents this difficulty and helps you do the most with your wealth so that you reach your goals without running out of cash all the time.
Wealth management is more than just a piece of investment advice, as it can encompass all parts of a person’s financial life. The idea is that rather than trying to integrate pieces of advice and various products from a series of professionals, individuals benefit from a holistic approach in which an advisor coordinates all the services needed to manage their money and plan for their own or their family’s current and future needs.
While the use of a wealth advisor is based on the theory that he or she can provide services in any aspect of the financial field, some choose to specialize in particular areas. This may be based on the expertise of the wealth manager in question, or the primary focus of the business within which the wealth manager operates.
In certain instances, a wealth management advisor may have to coordinate input from outside financial experts as well as the client’s agents (attorney, accountants, etc.) to craft out the optimal strategy to benefit the client. Some wealth managers also provide banking services or advice on philanthropic activities.
Wealth management services might include several of the following: investment management, insurance, estate planning, taxation, cash flow management, debt management, leasing, stock brokering, superannuation, mortgages, banking, charitable giving, financial structuring, gearing and specialist products
At Biz Summit, using our market-leading advice and funds selection, we create personalized multi-asset portfolios. This will help you diversify and reduce volatility through a differentiated stream of returns.
Key Importance of Wealth Management Services
The benefits of wealth management are numerous.
Plans are designed to help you achieve future goals in the short, medium and long-term, while still giving you enough money to live a lifestyle that is important to you.
This can have a positive consequence that can reach up to future generations.
Rather than wasting lavishing wealth, you can make the most of it work for you and your dependents.
There are many things where you have little control that can affect your wealth.
Stock market setbacks, the global economy, redundancy, and illness all affect your wealth financial situations.
And of course, certain things that you control such as investment decisions, housing choices and life decisions also have a big impact on the amount of money you have.
Let’s simply put it in this way, if you make bad financial decisions, your wealth will be negatively affected.
But you may not always recognize when a decision is a bad decision unless you have experience and training in that field, this is why you do better with finances when you receive advice from a professional wealth management service provider.
This is especially true when investing in stocks or other forms of investment.
A big part of good financial management is deciding how to distribute your wealth for the benefit of future generations.
Your wishes may not always be considered unless you have received the type of advice that will implement in a way that can’t be changed.
When it comes to receiving the inheritance, many families end up in a bitter struggle, especially when there are divorce and remarriage.
Resolving problems so there are no disputes after you leave usually requires the service of an astute wealth management advisor that is experienced.
In conclusion, wealth management can help you to control debts that may be endless.
Reasons to work with us
A wealth management advisor or wealth manager is a type of financial advisor who utilizes the spectrum of financial disciplines available, such as financial and investment advice, legal or estate planning, accounting, and tax services, and retirement planning, to manage a client’s wealth.
At Biz Summit, we have a crop of dedicated financial advisors that will help you build, preserve and manage your wealth.
We can help you build a personalized plan around your full financial picture designed to help you pursue multiple goals, grow your wealth, and take care of the people who matter most to you.
Personalized investment management
Your advisor can help you choose an investment strategy based on your preferences and feelings about risk, proactively monitoring those investments so that they continue to meet your changing needs.
We apply a wide range of tax-smart techniques to help you figure out ways to reduce your taxable income and keep more of what you’ve worked for.
Privacy, Security & Account Protection
We understand that you trust us by disclosing personal information. That trust is maintained by ensuring that your information is secure. Our team of dedicated staff are committed to the privacy and protection of your personal information. We take a great deal of care to secure your information.
At Biz Summit, we take our time to properly assess your investments and we are always available to speak with you about your concerns. Our advisors take their time to know you and understand your financial goals.
While leveraging our extensive service and product offerings, our financial advisors design custom wealth management strategies tailored specifically to your objectives.
Our wealth management process provides a long-term strategy for your financial future.
We understand that people’s needs are different. So, at the initial stage, we sit with each client and discuss each client’s unique values, priorities and expectations. Questions are asked and answered which will enable the advisor to make informed decisions about the client’s needs. We work with clients to create a financial plan and help them to define their personal and financial goals, understand their time frame for results, and their comfort with risks.
Detailed planning is an essential part of the overall financial plan and we give it the same attention as other stages of your financial planning.
The results obtained after the process of discovery and data gathering are reviewed and a financial plan is designed to meet the client’s goals and objectives. This is an important step as it deals with analyzing assets, liabilities, cash flow, risk management, current investments (if any) and matters relating to tax.
Presentation and recommendation
After the process of analysis, the recommendations from our advisors are presented to the client for review and approval. The recommendations address each client’s expectations and objectives. We take extra care to ensure that our clients understand the recommendations and alternatives and we also help them to make informed decisions.
This is the process where we convert the opted choice of the client to achieve the desired objectives. At this point, a pro-active approach is taken to help clients meet their financial and life goals. Our implementation process is thorough and personalized to meet your needs.
Results of the implemented financial plan are continually assessed to ensure each client’s objectives are being met and we are always available to update the financial plan to suit our client’s changing personal needs. We operate a communication plan that is tailored to our clients. These include the schedule of review meetings, ongoing education and client events. Our doors are always open, our phones always on and we are just a click away from our email.
Our professionals work with you to build that plan that will help you reach your goals.
We offer a broad range of services that evolve as the market does.
OUR WEALTH MANAGEMENT SERVICES
From stocks and bonds to mutual funds, our advisors help you build a well-diversified investment portfolio designed to meet your specific objectives.
At Biz Summit, a wide range of investment option is available to you as we help you develop a long-term financial plan.
Retirement planning deals with identifying sources of income, estimating expenses, implementing a savings programme, managing assets and risks that arise. It doesn’t matter the stage of your career, be it early years or a few years from retirement. At Biz Summit, we have the resources and the experience to help you plan for a good life after retirement.
Take control of your wealth and your legacy.
We all know how important it is to have a will. A trust offers even greater control and privacy. With our team of reliable and dependable advisors acting on your behalf, we help you manage your trust to avoid probate while allowing you to be even more specific about how and when assets transfer to your heirs. A trust can save time, court fees and potentially reduce estate taxes.
At Biz Summit, our skilled professionals deal exclusively with trust issues, providing solutions tailored to individual needs.
Wills and Estates Planning
At Biz Summit, our team of experts can help you craft out a financial plan that distributes and manages your wealth as you wish. When you work with us, we help ensure that wealth becomes a legacy that secures your family’s future and their future generations.
You should speak to us and let us help plan your estate.
Asset Management Services
The aim is to help our clients grow their portfolio while at the same time mitigating the risk that arises during that process. At Biz Summit, we offer asset management services to individuals, government entities, corporations and financial intermediaries. We make well-timed investment decisions on behalf of our clients to grow their finances.
Our advisors work with you to ensure an orderly succession of assets. Some of the ways we achieve that are: identifying and defining either the individuals or companies you want to manage the distribution of your estate; defining who you would like to benefit from your estate; advise on possible succession strategy: advise on chosen succession strategy;
For more information, you can reach us on +234 8188888893 or email: email@example.com