Articles

What Factors Should Wealth Managers Consider While Handling Their Client’s Wealth?

by Shashank Bhaskar Finance Adviser

People worldwide face various financial issues, irrespective of their status. Some may find it difficult to arrange for wealth, whereas the rest face difficulties in management and investment. They have many priorities to cater to and save money for future emergencies. While the future is unpredictable, it is safer to start saving and investing at present.

Many individuals, especially high net worth clients, require wealth management services in India and abroad because of complicated investments. They have many customised financial products available for investment purposes which can provide them decent returns. Here are some essential factors that wealth managers must consider while handling the wealth of their clients:

  1. Investment time horizon: The time horizon of the investment varies between individuals and companies. While an investor might agree for investing for long periods over a decade, others might have a shorter investment tenure to get quick returns. An individual may be too rich or powerful but has a fixed lifespan. It contradicts organisations with the same rights but an infinite existence. 

Managers associated with wealth management in India accumulate wealth for their clients and make arrangements for transferring funds after their demise. 

  1. Multiple tax considerations: High net worth individuals usually have interests in overseas investments, making them liable to pay taxes on their profits depending on the country. The wealth manager should consider these investments separately, depending upon the investment taxation methodologies and rules. 

The wealth manager incorporates various techniques of wealth account portfolio management. It can give individuals returns aligned with their investment objectives after managing all relevant taxation requirements.

Another responsibility of a wealth manager is to observe the various investments’ performance over some time. In most cases, the client receives continuous additional reports that use qualitative and quantitative techniques to ensure the portfolio’s correct execution. It is essential for the client considering the wide range of risk profiles, features, and variables adding to the overall complexity of a portfolio.

Wealth managers offering this long-term support ensures that the clients’ goals are met not just in the short term but also in the long time.

High net worth investors keen on getting customised investment solutions for their assets can use a wealth management account to invest in a diversified range of asset classes and improve their financial planning. They can also increase their returns and ensure financial security.


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About Shashank Bhaskar Innovator   Finance Adviser

14 connections, 1 recommendations, 63 honor points.
Joined APSense since, August 9th, 2018, From Mumbai, India.

Created on Mar 5th 2021 03:23. Viewed 69 times.

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