Wealth Management

Cited from Investopedia:

BREAKING DOWN 'Wealth Management'

Wealth management is more than just investment advice, as it can encompass all parts of a person's financial life. The idea is that rather than trying to integrate pieces of advice and various products from a series of professionals, high net worth individuals benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money and plan for their own or their family's current and future needs.

While the use of a wealth manager is based on the theory that he can provide services in any aspect of the financial field, some choose to specialize in particular areas. This may be based on the expertise of the wealth manager in question or the primary focus of the business within which the wealth manager operates

Strategies of a Wealth Manager

The wealth manager starts by developing a plan that will strive to maintain and increase the client's wealth based on that individual's financial situation, goals and comfort level with risk. After the original plan is developed, the manager meets regularly with clients to update goals, review and rebalance the financial portfolio, and investigate whether additional services are needed and with the goal of remaining in the client’s service throughout his lifetime.


Here at Scarborough Financial, we use detailed financial planning software powered by e-money called Wealth Vision.

This holistic approach allows you to see how different scenarios, financial choices, and assumptions affect your plan and give you a comprehensive look at the big picture.


Here is a short video highlighting the benefits of this style of planning.