Talk:Wealth management

Difference between wealth and asset management
Perhaps the article should more clearly outline the differences between wealth management and asset management. --ToyotaPanasonic 13:46, 16 January 2007 (UTC)

US Perspective of this article
This article is from a US perspective only. It references US laws as if they affect the whole world of wealth management. Wealth management is a discipline that exists outside of the US...both for local populations as well as the concept of international wealth management for international people (globe trotting expats, etc). These should be discussed in the article. Scott says 10:33, 11 September 2007 (UTC)

Difference between wealth management and Private Banking
The articles first states that "WM is a high level form of private banking", then gives an average WM's clients worth of 150K to 1M$ while the average PB's clients worth would reach 5M$. It doesn't make sense, does it ? Taiotoshi 13:28, 6 November 2007 (UTC)

This is incorrect - the article discusses the issue of segmentation of "Wealth Management" versus "Private Banking". The key to understanding this is to compare say a CitiGold or HSBC Premier (focused on Mass Affluent customers) versus HSBC Private Bank (focused on those with a minimum of US$1m in Assets under management by the bank). The two segments are very different in both scope, services, products, branding, etc. WM is not as Taiotoshi suggests 'a high level form of private banking' but a high level form of retail banking. Private banking fits into a category all on it's own. This categorization is 100% correct. Brett (talk) 08:49, 24 February 2008 (UTC)

- You're right Brett. The article is not clear and doesn't really explain the difference between Wealth management and private banking and should be amended accordingly... Blacksabbath4343 (talk) 03:37, 28 May 2011 (UTC)

Relationship between this article and Investment management
Should this article, Wealth management, be considered a sub-category of Investment management? That's how it seems to me, yet it isn't structured in this way. Any thoughts? RK (talk) 01:22, 6 July 2009 (UTC)

Private Banking/Wealth Management
Wealth Management advisors typically limit their services to clients that have more than $5 million in investable funds. Some banks require an even higher amount of funds in order to focus attention and limited resources on investing clients. For example, subject to a number of considerations, Goldman Sachs largely limits its Wealth Management efforts to clients that have more than $25 million in investable funds. Source: An Introduction to Investment Banks, Hedge Funds, and Private Equity: The New Paradigm, Chapter 6, Asset Management, Wealth Management, and Research.

Wealth Management is a term used in the banking industry to describe a bank which provides banking, financial and wealth management services to private individuals who have a considerable amount of wealth. These private individuals are often High Net Worth Individuals or Ultra High Net Worth individuals. The other term used to describe this form of banking is “Private Banking”.. Some of the wealth management services include savings, discretionary portfolio management, establishment of trusts, fund administration, inheritance as well as tax planning and advisory. SocGen

Wealth management can mean different things in different geographic regions. The US and Europe have traditionally stood at two extremes in this regard. In the US, wealth management is more closely allied to transaction-driven brokerage and is typically investment-product driven. In Europe, the term is more synonymous with traditional private banking, with its greater emphasis on advice and exclusivity. Source: Global Private Banking and Wealth Management: The New Realities.

Although David Maude tries to differiantiate Wealth Management from Private Banking business but his associates – Anna Omarini and Philip Molineux – whith whom he co-authored some of his book – Global Private Banking and Wealth Management – chapters gives contradictory definition. Omarini and Molineux ignores his client segmentation maybe because they are Europeans.--Wall Street CEO (talk) 09:59, 9 October 2011 (UTC)

"The Global Private Banking Benchmark 2011 is the industry’s only detailed deep dive into the efficiency and effectiveness of wealth management as a business model servicing high net worth clients." At the top of this benchmark is brokers (Merrill Lynch and Smith Barney) for mass affluent.--Wall Street CEO (talk) 12:05, 9 October 2011 (UTC)

I can't split these pages because rankings and market overview sections should be in both articles. All we can do is rename this page to wealth management because private banking is just a subset of it.--Wall Street CEO (talk) 12:25, 9 October 2011 (UTC)

Wealth Management versus Hedge Funds
Hedge funds manage great wealth -- they only care about accredited investors (having $1 million in prior investments is absolute minimum) -- so they basically do wealth management. So why there is no connection between the corresponding Wikipedia articles? 95.27.95.215 (talk) 22:07, 27 January 2013 (UTC)

Financial life management
Per Articles for deletion/Financial life management, I have expanded the article with an explanation of the term "Financial life management". I'm not really thrilled with it, so I invite rewrites. Since all of the sources were about a single company's study and corresponding re-branding efforts, most of this information was not useful or notable. The NYT one at least contextualized it as a possible larger trend, so that's the main one I've included. Rather than do a copy/paste merge for such flimsy gain, I've attempted to summarize here as new content under the heading "Life goals". My thinking is that this will leave room for additional expansion of other "financial wellness" related buzzwords, should that be needed. Grayfell (talk) 02:36, 29 November 2015 (UTC)

Oh, the last version of Financial life management before I turned it into a redirect is here: Grayfell (talk) 02:41, 29 November 2015 (UTC)