Wealth management is a similar path to financial planning. In fact, the major difference between wealth management and financial planning is the clientele. A wealth manager is commonly defined as someone who manages high-net worth clients (worth $1 million or more). Often these types of clients are broken down into two categories: high-net worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). HNWIs and UHNWIs require services like capital gains planning, estate planning, and risk management. Social Security benefits, retirement planning, and succession planning differ for HNWIs and UHNWIs than from the rest of the population because often they do not need all of their retirement savings. Wealth managers help people literally manage their wealth effectively, whereas financial planners tend to focus more on middle class clients who need help with lifestyle planning, budgeting, cash flow planning, and saving for college and retirement.
AAFM offers a certified designated program i.e. Chartered Wealth Management (CWM), is unique and the only Wealth Management certification in India. This certification comprehensively deals with all the aspects of Wealth Management like Investment Strategies, Life Cycle Management, Intergenerational Wealth Transfer, Relationship Management, Behavioural Finance, Alternative Products, Real Estate Valuation and Global Taxation.
In the recent times, the mandatory requirement posted by the financial services industry towards the skilful and knowledgeable candidates in the field of personal financial advisory services including Wealth Management Private Banking Family Offices has made it essential for a candidate to be well versed with all the aspects of Wealth Management and Private Banking.
This certification enables the candidates to meet the current skill set needed by the industry and stand out of the crowd.
This program is ideal for Students, Management Graduates, Finance Professionals, Bankers, Investment Advisors, Financial Advisors and Mutual Fund Advisors who want to make a career in the Wealth Management and Private Banking Arena which is one of the most respected and highest paid segments in Financial Services Industry.