The core purpose of wealth management is to improve financial situation of an individual or a company. It is a service provided by wealth consultants for financial planning and investment portfolio management .
Since the recession in 2000s, investors and affluent people had realized the need to work with advisors and companies in managing wealth. Wealth management consultants and firms have changed their approach by managing wealth of clients based on their life goals, spending patterns, and working environment.
The research on wealth management industry assists stakeholders to gain in-depth knowledge of the industry. It offers useful information about drivers, restraints, and opportunities of the market. The detailed segmentation and changing market dynamics have been discussed to provide extensive analysis of the industry. It assists investors and stakeholders by offering precise market statistics to implement various strategies to strengthen their position and sustain in the market.