Wealth management specialists provide financial advice and guidance to clients seeking assistance in handling their assets and monetary resources. These specialists typically work with clients who have a high net worth. The wealth management specialist identifies the client’s major priorities or objectives and develops an investment plan or asset management strategy that supports those goals. They often recommend or promote specific products and services offered by their firm or financial institution. Their work commonly involves the use of wealth management tools and financial planning software programs.
Wealth management specialists typically have at least a bachelor’s degree in finance, accounting, or a related field. A professional designation such as CPA is an asset. They must have an in-depth understanding of wealth management strategies and principles, and be knowledgeable about all relevant regulations and standards. These roles generally require a variety of financial licenses and certifications.
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