TECNIA INSTITUTE OF ADVANCED STUDIESProgramme: MBA – 2009MEENAKSHI GUPTA
Wealth Management: An analysis of wealthmanagement plans for existing and potentialHNWI investors
Wealth management is a professional service which is the combination of financial/ investment advice, accounting/tax services, and legal/estate. Asinformation and awareness is rising more and more people wants to enjoy the benefits of investing in various asset classes.
It involves giving suggestions by wealth management firms to potentialinvestors on the basis of their profile and financial objectives so that investor can get huge returns on their investment and then continuously monitor thechanges in investors profile, risk and financial objectives so that changes can bedone in investors portfolio
Number of HNWIs around the world and value of their assets has beenreduced. Number of HNWIs globally is estimated to be around 9.5 million inyear 2006, an reduction of over 14.9% over previous year