A Beginner’s Guide to Wealth Management by High Street Wealth Management : RushPRNews - Newswire & Global Press Release Distribution

Bookmark and Share

A Beginner’s Guide to Wealth Management by High Street Wealth Management

October 26, 2013

A Beginner’s Guide to Wealth Management by High Street Wealth Management

London,UK (RPRN) 10/26/13 — If you’ve recently come into a large amount of money, you might have heard the words ‘wealth management’ thrown around a lot. If you’ve never had this kind of money before though, you might find yourself asking ‘what exactly is wealth management?’ If you’re struggling to find any solid answers, here’s a beginner’s guide to wealth management to lay down some of the facts for you.

Who is Wealth Management Aimed At?

Most wealth management companies work with high net worth individuals, otherwise known as ‘HNWs’. These individuals have assets worth over £1 million, and these assets could include everything from property to artwork and other possessions. Basically, anything the HNW owns that has monetary value is considered to be an asset. HNWs include successful business people, celebrities, people who are rich through inheritance and a whole host of others who have earned their fortune in various different ways.

What Does a Wealth Manager Do?

HNWs often have complicated financial arrangements as they usually have money in lots of different places, whether that’s in stock markets, savings accounts or in other investments. Often the complexity of these financial arrangements are too much for HNWs to manage on their own, so they employ the services of a wealth management company like High Street Wealth Management to handle their finances for them.

Wealth management by no means involves handing over your finances blindly to someone else, and clients of these companies usually have strong relationships with their wealth managers, communicating via the telephone or even in person on a regular basis. If a HNW is looking into making a new investment, or wishes to make changes to their financial arrangements in some other way, they will contact their wealth manager who will deal with the complexities of the matter and offer their advice and guidance.

Is Wealth Management Right for Me?

If you have assets worth more than £1 million and you’re looking to grow your wealth, then wealth management is a good option. If your assets are only just worth over £1 million though, you could struggle to find a wealth management company willing to work with you. Most companies don’t offer their services to the ‘affluent’ – i.e. those with assets worth between £100,000 and £1 million – so if you’re only just edging into the HNW category, then wealth managers might not be interested in having you as a client.

There’s speculation that wealth management companies are ignoring over half the UK’s liquid wealth by not taking on ‘affluent’ clients and devoting all of their time to HNWs. In fact, they’re losing out on the chance to manage £3 trillion of the country’s liquid wealth by only dealing with HNWs, as combined, those considered to be ‘affluent’ actually dominate the richest people in the country.

This could change over time though, and it could be the case that wealth management companies might be more willing to take on less individually rich clients in the future in order to tap into the £3 trillion of unmanaged liquid wealth in the UK.

Media Contact Name: James Raglan
Main image credits: http://www.capitalfortune.com/expats/uae/british-expat-mortgages-for-uk-ex-pats-in-abu-dhabi
Click here to see all news from this author/company


RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.


Experience simple, fun karaoke at Vator Splash 2015

LOS ANGELES 10/05/15 · Come October 15, join us at Vator Splash...

Enjoy Karaoke in the comfort of your home with Moment

Los Angeles, CA 10/04/15 · We all have a singing moment. After hours...

Co-Founder of OXYwater Sentenced for Wire Fraud and Money Laundering

Washington, DC 10/01/15 · A co-founder of Imperial Integrative Health Research and...

Creative Bioarray Improves Tumor Cells Quality for Life Science Researchers

New York, NY 10/01/15 · - Creative Bioarray (http://www.creative-bioarray.com/ ), an innovative biotechnology company who...

Wake up your event audience with Livecube’s latest engagement technology

NEW YORK 09/30/15 · Livecube transforms how people connect and share ideas...

Wiknix: tech magazine provides latest gadgets news

New York, NY 09/26/15 · It can be hard to know who to...

New Farm-to-Table Chef Joins Canada's Favourite Spa

GRAFTON, ON 09/25/15 · Ste. Anne's Spa (www.steannes.com) has just hired Jeffrey...

Moment Soundbar brings family together with Karaoke home entertainment

Los Angeles, Ca 09/17/15 · With the rising cost of family outings, more...


Los Angeles, Ca 09/16/15 · Moment is the world’s first compact soundbar that...

Moment, the minimalist soundbar to replace all soundbars

Los Angeles, CA 09/15/15 · Moment™: A case of less is more. Moment,...

Join Moment’s Indiegogo crowdfunding campaign on September 22

Los Angeles, Calif. 09/04/15 · Plug and Play Karaoke sound bar with DTS...

ASTEP Launches Latest Corporate Lecture Series in NYC

NEW YORK, NY 09/01/15 · PwC, EY, LinkedIn, Hogan Lovells and Cisco among...