Wealth management or money management, when done correctly, has wide-ranging benefits for investors of all kinds – large and small. The reason, why wealth management has come to be associated with the rich and wealthy is because wealth is associated with the rich and wealthy. However, investors with modest income / wealth are also candidates for money management solutions.

Wealth management is more than just investment advice, as it can encompass all parts of a person's financial life. The idea is that rather than trying to integrate pieces of advice and various products from a series of professionals, high net worth individuals benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money

The wealth manager starts by developing a plan that will maintain and increase the client's wealth based on that individual's financial situation, goals and comfort level with risk. After the original plan is developed, the manager meets regularly with clients to update goals, review and rebalance the financial portfolio, and investigate whether additional services are needed and with the goal of remaining in the client’s service throughout his lifetime.