Wealth Management Industry Overview - Why Does the Industry Exist

Wealth, it turns out, is a lot of work to manage. To tackle all of this, High Net Worth Individuals (HNWIs) turn to wealth managers, sometimes called private bankers.

Wealth Managers are like servers at a high-end restaurant: they provide high-touch services (advice, etc.) and access to financial products (e.g., assets to invest in or high-end banking products). The ‘products’ themselves come from other players, like Retail Banks, Asset Managers, and Investment Banks. We cover those in other videos as well.

Key Sections
1:15 - The origins of wealth management
1:40 - The needs of high net worth individuals (HNWIs)
2:01 - Understanding wealth management as a full-service distributor of financial products
2:40 - Topics our other wealth management videos will cover

#wealthmanagement #privatebanking #HNWI #investment

📚 This video serves as an excerpt from the Wealth Management Industry Learning Primer, meticulously curated by the digital e-learning content provider, Primerli https://www.primerli.com/. The full module, comprising 10 bite-sized videos and quick quizzes, is tailored to empower professionals to grasp the industry intricacies in under an hour.

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