Overview: Wealth Management Process
The wealth management process is a structured and comprehensive approach designed to help individuals achieve their financial objectives. It integrates various aspects of financial planning, investment management, and tax optimization to deliver personalized financial solutions. The process typically involves the following key stages: 1. Assessing the Client’s Current Financial Position This foundational step involves a…
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Understanding Senior Citizens’ Savings Scheme -SCSS
Originally posted on October 26, 2022, updated on June 4, 2025 The Senior Citizen Savings Scheme (SCSS) is a government-backed savings plan designed for individuals aged 60 and above, or those aged 55-60 who have retired. It offers a fixed interest rate (currently 8.20%) and allows for either individual or joint accounts (with spouses). The…
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Investment Planning for Retirement: Make Informed Choices
Retirement can be great joy all through your life if you have sufficient money to spend. One of the greatest difficulties after retirement you may face is handling of lump-sum money you have received from PF, Gratuity, Leave encashment, commutation of pension etc. Retirement planning begins with determining your long-term financial goals and tolerance for…
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Structure and Components of the Wealth Management Business
IntroductionWealth management is a comprehensive financial advisory service designed to address the complex needs of high-net-worth individuals (HNWIs). It integrates a variety of financial services and strategies to preserve and grow clients’ wealth over time. Wealth Management Business Structure Wealth management firms generally operate under two primary structures: independent firms and wirehouse models. Compensation Models:Wealth…
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What is a debt-fund?
A debt fund is a mutual fund scheme where the money is predominantly invested in fixed-income securities like government securities, debentures, corporate bonds, commercial papers, and other money-market instruments. The issuer of debt instruments pre-decides the interest rate you will receive as well as the maturity period. Hence, they are also known as ‘fixed-income’ securities.…
Wealth Management: A Comprehensive Overview
Wealth management is a multifaceted and holistic approach to managing an individual’s financial resources, aimed at achieving specific life goals. It extends beyond traditional investment advice to include financial planning, retirement strategies, estate planning, and tax optimization. The primary objective is to create a personalized financial roadmap that helps clients navigate complex financial decisions and…
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