Home Financial & Banking Terms What is Wealth Management?

What is Wealth Management?

Wealth Management

Wealth management is about how one manages one wealth. It is a very interesting domain and the services of managing one’s wealth in done both at the micro level as well as the macro level. It can be done by individuals, Banks , various financial institutions, etc Some companies even provide online services related to wealth management.

Wealth Management in India

In India, wealth management awareness has not been spread deeply among the individuals. Even, the wealth management services provided by Banks or Insurance companies are only finding a way to sell their products among the public, instead of creating awareness and the avenues to manage their wealth prudentially.

Factors affecting Wealth Management

We manage our wealth to fulfill our financial goals and have exposure in various products to optimize the returns of our investment. The products selected for the portfolio depends on the risk appetite of the investor. Also the monthly income of the investor has to be taken into account. It should be noted that the products suitable for a 22 year old will not be appropriate for a 52 year old. Similarly the products that suit a person with monthly income of Rs,25000/- will not suit a person whose monthly income is Rs.60000.

The factors that should be considered while designing  a person’s wealth portfolio are :

  • Age
  • Health
  • No of dependents
  • Monthly income
  • Time left for the financial goal
  • Amount to be spend to meet the financial goal
  • Net worth
  • Existing Liabilities.
  • Residential status.
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Sreya Ray is working as a Manager at State Bank of India. She is a voracious reader and a passionate writer. Her life is complete with her daughter and the support of her husband and the inspiration of her parents. Sreya loves multi-tasking and is a dreamer. If she don't create anything on a day,She feels that she had wasted my day.


  1. Wealth management is a must for every individual looking to manage their finances in the best possible manner. Like the article mentioned, it’s obviously based on how much money the person earns and what expenditure they have, and also their age group. The article was an interesting read. Gave insight on the various aspects of wealth management.


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