Wealth Management Is Key In Planning, Setting Goals And Managing Wealth

By Soko Directory Team / Published July 23, 2021 | 7:30 am




KEY POINTS

Wealth management is important when preparing for a retirement: few people think about retirement. Some think the money they receive every month will never stop coming




Wealth management is an investment advisory service that combines Investments and other financial services to address the needs of affluent clients through a consultative process, where the advisor gleans information about the client’s wants and specific situation.

Everyone wants to have wealth but few know how to get there. Having wealth is not a one-night stand unless of course, you win a lottery, but then you will only have money and not wealth. Making and managing wealth is a long process.

Making it in life financially and be wealthy requires you to follow the right formula and the right people. It all boils down to the people you keep closer to your circle when making financial decisions. Walk with the wolves and learn how to howl. Fly with the eagles and learn to scale the heights.

You can never be wealthy through praying and just hoping for the best. The time of manna falling from the high heavens only happened once. Pray. Yes. But wake up and work your hard to make it. Even the holy book says faith without action is dead. Have hope and actualize it.

The first thing you should know is that the universe gives you what you can handle. Money miracles will occur once you demonstrate to the universe that you can handle your finances properly. Show mastery over your finances. The universe will give you more.

Who doesn’t know that without pain there is no gain? If you are willing to do only what’s easy, life will be hard. But if you are willing to do what’s hard, life will be easy. You cannot just sit there and expect miracles to happen. You want money, wake up and work for it.

Making and retaining wealth requires wealth managers. Wealth management has various advantages such as the following:

Access to multiple services: A financial advisor/ manager can help you monitor your financial standing and make changes when necessary. They help you know where you stand financially and the areas you can invest in.

Wealth management is great during major life changes: With an unpredictable economic environment, coupled with the Covid-19 pandemic, a wealth manager comes in handy to advise on the transitioning into new waters without making losses.

Read More: What Does I&M Wealth Management Product Mean To You?

Wealth management is important when preparing for a retirement: few people think about retirement. Some think the money they receive every month will never stop coming. Wealth managers can help you have a plan and how to invest as you prepare to retire.

Wealth management helps you set goals and be confident. Investing blindly without having goals and understanding the dynamics is the worst mistake one will ever do to their money. Wealth managers are key in helping with the setting of goals and instilling confidence.

Unlike friends who might be successful in other sectors, wealth managers are experts with the knowledge and power to tailor your investment needs in a sector that will suit your needs.

Where should you turn for wealth management services?

Have you heard about I&M Bank? The bank has unveiled its Wealth Management and Advisory Business, in a move expected to drive business growth through revenue diversification.

According to the lender, the service, targeting high net worth and premium customers and potential customers will be offered through I&M Capital, a subsidiary of the I&M Group PLC, which is also the holding company of I&M Bank Ltd, and is a licensed fund manager by the Capital Markets Authority.

The I&M wealth management offering comprises Customized investment solutions, Asset Management, Retirement Income, and Financial Planning seeks to help clients diversify their assets to balance their financial risks.

It also entails a tailor-made investment strategy that comes with a wide range of products. The products include fixed income securities, portfolio restructuring, and optimization, investment loans for Government Securities, insurance products, equities, and offshore Investments offered in collaboration with Bank One Mauritius, a subsidiary of I&M Group PLC.

Visit them today.

Read More: Unpacking Wealth Management And What It Means For Investors





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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