Wealth Management
Related Topic :
There are many most people, after they retired from their job, must be sold their property to stay alive. Like a Michael Jackson, a king pop star sold his luxury house to finance his life. A retired government administrator, retired to live with a mediocre money, stay at home type 36 and often have to queue up to the clinic because his health has greatly declined. This may not happen if they implement Wealth Management said in his life.
History of Wealth Management Born
Based on LPPcom journal which issued in Indonesia, January 2009 wealth management term became popular in two years, year 2000 early. Wealth management services emerged in early 2000, when the foreign bank which operations in Indonesia, start to offer wealth management services. But actually, wealth management as the science older than the financial risk management, even more older than heart disease emerging in early 1900s.
In history, wealth management will be initiated by the private bankers at the beginning early 1900s. Embryio of wealth management will be initiated by the private bankers at the beginning establishment of international financial centers like London, Amsterdam and Paris on the 17th and 18th centuries. Altough the wealth management began in London and move to Switzerland when last days of Louis XIV's wars, and finally shifted to United States with its landmark Wall Street in the 19th and 20th century, but the safest place for the rich to storing wealth remains in Switzerland, UBS became the mainstay Switzerland in the international banking world.
Wikipedia wrote at their page when talk about wealth management. There is no generally accepted standard definition of wealth management, but a basic definition would be financial services provided to wealthy clients, mainly individuals and their families. Next paragraph, we can according to Wikipedia to understanding about it. "Wealth Management is an advanced investment advisory discipline that incorporates financial planning and specialist financial services".
Basically, wealth management is a family financial management that everyone can do. It's just that regulate own property by considering all the opportunities and risks that may be encountered, is clearly not the case that is easy. To manage that, Financial Managers must have a stock of knowledge sufficient about all sorts of existence financial investment instruments.
Not to mention the need to keep abreast of economic which will affect the global performance of the various instruments investment, as well as other factors that affect the value of wealth. Since not many people have the knowledge about that, business of wealth management developed into services beginning with the emergence of financial services financial planner.
The Formula’s :
Financial Planning = Plan Earning money + Manage lifestyle
Generally, the kind of service that available for this consist of traditional and sophisticated. Traditional lines include banking, investment, foreign exchange, insurance, pension funds, real estate, while the sophisticated includes alternative investments such as commodities, gold, private equity, art, sports instruments, derivatives / structured products, hedge funds.
Some banks provide wealth management services inherent in its products, including priority hotline subscription newspapers / magazines, airport lounges, golf, safe deposit boxes, platinum credit cards, health care, services hajj and zakat, etc..
History of Wealth Management Born
Based on LPPcom journal which issued in Indonesia, January 2009 wealth management term became popular in two years, year 2000 early. Wealth management services emerged in early 2000, when the foreign bank which operations in Indonesia, start to offer wealth management services. But actually, wealth management as the science older than the financial risk management, even more older than heart disease emerging in early 1900s.
In history, wealth management will be initiated by the private bankers at the beginning early 1900s. Embryio of wealth management will be initiated by the private bankers at the beginning establishment of international financial centers like London, Amsterdam and Paris on the 17th and 18th centuries. Altough the wealth management began in London and move to Switzerland when last days of Louis XIV's wars, and finally shifted to United States with its landmark Wall Street in the 19th and 20th century, but the safest place for the rich to storing wealth remains in Switzerland, UBS became the mainstay Switzerland in the international banking world.
What is the wealth management?
Basically, wealth management is a family financial management that everyone can do. It's just that regulate own property by considering all the opportunities and risks that may be encountered, is clearly not the case that is easy. To manage that, Financial Managers must have a stock of knowledge sufficient about all sorts of existence financial investment instruments.
Not to mention the need to keep abreast of economic which will affect the global performance of the various instruments investment, as well as other factors that affect the value of wealth. Since not many people have the knowledge about that, business of wealth management developed into services beginning with the emergence of financial services financial planner.
The Formula’s :
Financial Planning = Plan Earning money + Manage lifestyle
Kind of Services Provided
Kind of services that had given to “very richmen” not only investing only. But there are many services will they received to make their life so comportable. So often, the planner strive to fulfill all the wishes of his client. Start from traditional need to sophisticated, from business to spiritual affairs. From the financial to lifestyle.Generally, the kind of service that available for this consist of traditional and sophisticated. Traditional lines include banking, investment, foreign exchange, insurance, pension funds, real estate, while the sophisticated includes alternative investments such as commodities, gold, private equity, art, sports instruments, derivatives / structured products, hedge funds.
Some banks provide wealth management services inherent in its products, including priority hotline subscription newspapers / magazines, airport lounges, golf, safe deposit boxes, platinum credit cards, health care, services hajj and zakat, etc..
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