Wealth management is a vast sector that includes various activities. How can wealth management be precisely defined? What are the different services offered? There are many wealth management jobs, whether in the banking, insurance or real estate sectors. What do they consist of and how are they paid? They involve knowledge in the financial, legal or marketing fields as well as good pedagogical and commercial sense. Discover the recommended training courses to access wealth management jobs.
What does mint database heritage represent?
The set of assets acquired or inherited represents the patrimony, a term taken from the Latin partimonium meaning coming from the father. Everyone is at the head of a patrimony whose origin can be an inheritance, a transmission or a sale. It is therefore a set of tangible or intangible assets in the possession of an individual. A patrimony is composed of assets:
physical assets : real estate, land, cars, furniture, etc.
professional assets : business assets...
financial investments : stocks, bonds, cash, etc.
intellectual property : works of art, copyright, etc.
Assets also include liabilities that correspond to loans taken out and current debts: consumer credit, latent debts, but also tax obligations, including taxes.
The definition of wealth management
Wealth management consists of making the tangible or intangible assets held by a family grow . This includes the creation of private wealth, its development, its growth, as well as its transmission. The strategies and actions implemented to achieve this objective consist of reducing expenses, ensuring the protection of assets, maximizing profits and transferring them to third parties. The operations can be financial or legal.