Private Wealth Management

From Wikipedia, the free encyclopedia

Private Wealth Management (PWM) is a service offered by financial institutions to individuals, families, or foundations with a large quantity of investment assets.

Traditionally, the moneyed engaged wealth management services. There is a need for sophisticated financial solutions and expertise for the increasing number of wealthy around the world.

The business is very client-specific, as clients have different risk-bearing capacities and long-term objectives. The service provider must deliver tailor-made financial solutions, investment advice and brokerage services.

[edit] Firms

Some of the major firms engaged in PWM services are:

• Goldman Sachs
• Morgan Stanley
• Deutsche Bank
• Mellon Financial Corporation
• Dundee Wealth Management

[edit] External links

• Web page for a course in Private Wealth Management at Wharton Business School