Wealth Management comprises comprehensive wealth planning throughout the life of an individual. Generally speaking, wealth management services are required by High Net-worth Individuals (HNIs), small business owners and wealthy families that have already accumulated a substantial corpus of funds. This field has grown both in scope and expertise over the past few years, as more and more investors have sought the services of accredited financial advisors to channelize their funds into the most profitable investment avenues.
Skills required: Knowledge of financial products, Communication Skills, Relationship-Management Skills, Marketing and Sales Skills, Problem-Solving Skills.
CFP (Certified Financial Planner) is one of the fastest growing areas in finance. This program instructs candidates in Financial Planning essentials – assessing the client’s present financial status, income goals, preferred asset allocation, liabilities, cash outflows, allocation for retirement, etc. This is an outline of one of the basic cornerstone of a Wealth Management professional. Furthermore, the CFP curriculum deals with Risk Analysis, which helps demarcate areas of vulnerability of the client and finally, with wealth transfer and Tax and Estate Planning issues. As such, the CFP course gives a detailed coverage of all issues related to Wealth Management over the entire life cycle of the client. For more details on CFP Course.