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Wealth Management: Why It Is Crucial to Financial Security

Learn what wealth management is and how to evaluate a potential wealth manager.

By Robin Hartill, CFP – Updated Oct 2, 2024 at 2:42PM

Key Points

  • Wealth management services cater to affluent individuals for comprehensive financial needs.
  • Minimum assets for such firms typically start around $500,000 with services scaled by net worth.
  • Key wealth manager qualifications include CFA and CFP designations, signaling expertise.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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