Wealth Management
Updated 13 March 2021
Wealth management is an advanced type of financial planning that provides high net worth individuals and families with private banking, estate planning, asset management, legal resources, and investment management, with the goal of sustaining and growing long-term wealth.
Due to their high value, banks create separate branches, services and other 'benefits' to retain or attract these high net worth customers who are typically more profitable than other retail banking customers.