Wealth management is a bank service to manage personal or family finances that includes investment planning, asset development, tax payment planning, debt management, risk management, and asset allocation. There are three main types of wealth management such as: Wealth protection and preservation, Wealth distribution and transition, Wealth growth and accumulation. Here are some types of wealth management services that you can find such as: insurance, hedge funds, Trust funds, Business ventures, investment management, estate management or inheritance management.
