Overview of Wealth Management

What is Wealth Management?
Financial Center Singapore
Financial Center Singapore

Wealth Management is often associated with investments such as stocks, bonds or real estate.  These are the “returns, income, growth” aspects of Wealth Management.  In other words, investments seek to gain or generate more money in the future.

Wealth Management is fortunately more than just returns.  It is also understanding the risks.  Sometimes investments do crash, or the breadwinner of the family fall seriously ill and die unexpectedly.  Wealth Management allow us to prepare for such unfortunate events. Managing such risks through Asset Management, Insurance & Risk Management can reduce the financial, emotional and administrative burden for oneself, family and business associates.

What are the areas in Wealth Management?

There are many areas within Wealth Management.  Below is a list of Wealth Management functions.

  • Financial Advisory
  • Investments Services
  • Financial Services
  • Fund Management or Portfolio Management
  • Asset Management
  • Custodian Services
  • Trust Services
  • Estate Planning
  • Tax Services
  • Banking
  • Insurance
  • Brokerage
  • Trading
Where can I start as a Wealth Manager?

You can be a Wealth Manager in Banking, Insurance Agencies, Independent Financial Advisory Companies, Stock Brokerages and Asset Management Companies.

What are the Wealth Management Roles Available?

In Wealth Management, you can be the wealth manager who is directly responsible to communicating with clients and discussing about wealth management.  Examples: Personal Banker, Private Banker, Financial Planner

You can also be providing wealth management expertise to the wealth manager and the client.  Examples: Investment advisor, treasury advisor, assistant relationship manager.

Other than directly advising the clients, there will be many support services such as products, marketing, operational, administrative and channel relationship roles.

General Classification

  • Banking & Non-Banking
  • Front Office, Middle Office, Back Office
  • Financial Advisor & Non-Financial Advisor
Why are there so many different job titles?

There are many job titles.  In Banking, Wealth Managers can also be called Personal Banker, Personal Financial Consultant, Priority Banker, Private Banker, Client Advisor and many more. Discover the job titles here.


“Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make”

~ Bill Gross

Related Pages

Overview An quick glance on Wealth Management, the Wealth Management Industry and key things to know

Investment 101 – A quick guide about investments.  Covering traditional asset classes such as equities & bonds, basic financial and economic knowledge, and more

Sales 101 – Having the best product or knowledge is useless unless you are able to communicate the solutions well.  Learn about how to sell financial products quickly.

Abbreviations – Ever wonder what is RM, PB, IA, KYC, IRQ, UT, FED, TT?  We got them covered here.

Jargons – Alpha, Beta, Delta, Unit Trust, Equities, Debts, Fixed Income, Inflation, Rate Hike, Hedge, Options.  Confused?  We are building up.

Personal Title – Did you ever greet a person by Miss or Mdm? Dr. or Prof?  Sometimes Datuk, Bapak, Ibu?  Find out more here.

Banks in Asia All the major banks you can find in Asia.


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Coming Soon

  • What is Personal Banking
  • What is Priority Banking
  • What is Private Banking
  • What is Financial Advisory
  • Banking vs Non-Banking
  • Mass Affluent vs High Net Worth
  • The History of Wealth Management
  • The Interview Process
  • The Financial Sales Job
  • Wealth Management Banking Career Path
  • Wealth Management Banking FAQ
  • Salary, Bonuses, Commission and more
  • Training, Education & Certification
  • Lists of Banks
  • Job Titles Explained
  • Banking vs Non-banking Advisory
  • Financial Advisory vs Trading