Private Wealth Frequently Asked Questions (FAQ)

Wealth management differs from financial planning in terms of the scope of money management offered and the average net worth of clients, although many services overlap. Wealth management advisors typically serve clients with a higher net worth who hold complex investments, such as trust funds and diverse stock portfolios. Financial planning focuses on basic investment strategies, such as a retirement plan and personal budgeting, to cover future expenses like health care and life insurance.

Wealth management differs from financial planning in terms of the scope of money management offered and the average net worth of clients, although many services overlap. Wealth management advisors typically serve clients with a higher net worth who hold complex investments, such as trust funds and diverse stock portfolios. Financial planning focuses on basic investment strategies, such as a retirement plan and personal budgeting, to cover future expenses like health care and life insurance.

Wealth management differs from financial planning in terms of the scope of money management offered and the average net worth of clients, although many services overlap. Wealth management advisors typically serve clients with a higher net worth who hold complex investments, such as trust funds and diverse stock portfolios. Financial planning focuses on basic investment strategies, such as a retirement plan and personal budgeting, to cover future expenses like health care and life insurance.