Difference between investment management and wealth management

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Investment management focuses on managing investments to achieve financial goals, while wealth management encompasses a broader range of financial services to help clients grow and protect their wealth.

Investment management involves managing portfolios of stocks, bonds, and other securities to achieve specific financial objectives.
Wealth management includes investment management as well as financial planning, retirement planning, estate planning, tax planning, and other services.
Investment management is more focused on maximizing returns on investments, while wealth management takes a holistic approach to managing all aspects of a client's financial life.
Wealth management often involves a more personalized and comprehensive approach to financial planning compared to investment management.
Examples of investment management firms include Vanguard, Fidelity, and BlackRock, while examples of wealth management firms include UBS, Merrill Lynch, and Morgan Stanley.

Difference between investment management and wealth management

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