Wealth Management

Definition ∞ Wealth management involves providing comprehensive financial advisory services to clients, typically high-net-worth individuals, covering investment planning, retirement planning, estate planning, and tax services. The objective is to grow and preserve a client’s financial assets over the long term. Wealth managers assess client financial goals, risk tolerance, and current holdings to construct tailored strategies. It offers a holistic approach to financial well-being.
Context ∞ News in the financial sector increasingly covers the integration of digital assets into traditional wealth management practices. Discussions often revolve around the allocation of cryptocurrencies within diversified portfolios and the regulatory considerations for advisors offering such services. The growing interest in digital assets presents both opportunities and challenges for wealth management firms adapting to evolving client demands and market innovations.