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The Wealth Management Industry

Wealth management is a sector of the financial industry in which professionals combine investment advisory with other financial services in an effort to support their clients. This form of advisory is typically tailored for wealthy clients in which financial professionals provide financial advice, tax services, estate planning, and occasionally legal assistance. 

In recent years, the emergence of “robo-advisors” has threatened the wealth management industry as financial services are becoming more automated. Consequently, wealth managers and other financial service providers find it increasingly more difficult to distinguish themselves from automated advisors. While it appears inevitable that technology will continue to increase its presence within financial assistance, wealth managers can actually use this technology to their advantage if they are willing to adapt.


Why Should I Have A Wealth Manager!

Although AI is becoming smarter and more financial services are becoming automated, the one thing that cannot replace technology is human connection. Apart from the number crunching, graphs, and analysis, wealth management services are driven and enhanced by having a person by a client’s side guiding them through their financial decision-making. A wealth manager is not just a service, but a person on your team who is there to work for and with you. 

Additionally, wealth managers, apart from say a financial planner, provide assistance for all of their client’s financial goals. Financial planners typically will provide specialized assistance for clients in one area such as developing a retirement plan or coordinating estate planning, but it usually stops there. If a client wishes to seek more advice in another area, they will be forced to seek a new financial planner. In contrast, wealth managers offer a wide range of services and maintain long-term relationships with their clients. 

Through a wealth manager’s vast area of expertise, they can actually use the same technology threatening their means of service to their advantage. Numerous programs and training courses offer different, yet effective strategies for wealth managers to enhance their financial advisory and communication skills.

Effective Wealth Management Training Programs

As wealth management covers a vast array of finance, it is highly important to study the nuances within the industry and all that it entails. Wealth managers understand real estate, retirement plans, risk management, investments, and more. Needless to say, there is a lot to cover so wealth managers can always look to refine their through the help of training and certificate programs.

Training Courses

Wealth Management Certified Professional

Wealth Management Certified Professional places a greater emphasis on developing tax-efficient strategies for portfolio management. 25 expert financial advisors created the training course in an effort to educate those aspiring to better understand the fundamentals of wealth management. While implementing the latest research on client relations, participants will develop their skills in retirement planning, estate planning, risk management, and more. Notably, in 2018 this course received the Brandon Hall Group Bronze Award for Excellence in Learning.

Investment Management From The University Of Geneva

This course offers unique insights into how the Swiss banks manage their portfolios and their approach for developing relationships with their clients. Wealth managers not only gain more exposure to strategies for investments and reaching financial goals, but the course expands this education to a global scale. Unlike other courses, there is a greater emphasis on global financial markets and using this awareness for developing strategic planning in reaction to both rational and irrational behaviors in the market. Additionally, the course is highly tailored for individuals looking to enhance their client relation skills in the field of wealth management.

Value Investing Bootcamp: How To Invest Wisely By Udemy

Both basic and advanced topics are covered in this highly-rated course for wealth managers. Areas of focus include an introduction to investing, finding and buying stocks, and analyzing financial statements. Wealth managers learn about taking a value-based approach to investing where the intrinsic value of companies are analyzing thoroughly prior to justifying investment. The course uncovers the very same strategies Warren Buffet applied to earn billions in the stock market. This is a great place to learn if you have just started learning, or if you have already solidified a foundational knowledge in the field as the course gradually introduces concepts.


Professional Certificate in Wealth Management From NYIF

The New York Institute of Finance (NYIF) is a great name to have on your resume, but more than that, receiving this certification shows that you have a comprehensive knowledge in the field of wealth management. Courses covered include hedge funds, mutual funds, and portfolio management so participants walk away with much more than a piece of paper. The program caters to all skill sets in route to providing all the planning and managing techniques necessary to be a successful wealth manager. 

Certified Private Wealth Advisor (CPWA) Certification from Yale University

While learning from the top Yale faculty and leading industry experts, the Wealth Management and Theory Practice program allow participants to earn the CPWA certification and develop a stronger understanding of wealth management. Though the program is considered intermediate to advanced, participants rave about the program’s efficacy, assistance for preparing for the certification exam, and participant support. Your entire process is completely asynchronous, so you have the freedom and convenience to approach learning at your own pace.

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