wealth management vs financial planning

Wealth Management Vs Financial Planning

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financial planning

Financial planning focuses on creating a comprehensive roadmap to achieve specific financial goals. It’s suitable for individuals and small businesses looking to manage their daily expenses, save for retirement, plan for major life events, or optimize their tax strategies. A financial planner helps you build a step-by-step plan but typically leaves the execution up to you.

wealth management

On the other hand, wealth management takes a more holistic approach, integrating financial planning with investment strategies, estate planning, and tax optimization. It’s tailored for high-net-worth individuals seeking to preserve and grow their wealth over the long term.

difference between wealth and financial