What is the difference between Portfolio Management and Wealth Management?

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Accepted Answer

Portfolio Management focuses on managing investments in a portfolio, while Wealth Management involves comprehensive financial planning and management for high-net-worth individuals.

Portfolio Management involves managing investments in a portfolio to achieve specific financial goals.
Wealth Management includes comprehensive financial planning, investment management, tax planning, estate planning, and other financial services for high-net-worth individuals.
Portfolio Management is more focused on maximizing returns and managing risks within a portfolio.
Wealth Management takes a holistic approach to managing a client's overall financial situation and goals.
Examples of Portfolio Management include managing a mutual fund portfolio, while Wealth Management may involve creating a customized financial plan for a wealthy individual.

What is the difference between Portfolio Management and Wealth Management?

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