Mark Salem on the Fundamentals of Wealth Management
Mark Robert Salem, wealth management expert, provides an overview of the fundamentals of wealth management and how they should guide client strategies.
Fort Myers, FL, 15th October 2022, ZEXPRWIRE, People and families of high net worth likely rely on a wealth management service to diversify their investments and maintain their wealth responsibly. Those with millions, or even billions, of dollars often have complex portfolios and complicated tax situations. As such, relying on their wealth management team to ensure their finances are in order and aligned with their personal goals is of critical importance.
While there are no two people with the exact same goals, one thing is certain: there are many ways to meet financial goals and the strategies to achieve them tend to be similar.
To gain a better understanding of the fundamentals of wealth management, Mark Robert Salem, a wealth management expert who helps clients identify and implement various financial strategies, discusses three of the most important wealth management principles.
Advanced planning typically involves a range of services, such as wealth enhancement, wealth transfer, wealth protection, and philanthropic strategies. What makes it important, however, are the skills involved. Planning a long-term strategy for managing a client’s wealth and keeping the strategy flexible by anticipating scenarios that could affect it are crucial skills for wealth managers. Futureproofing your strategy will allow you to weather most storms and plan for worst case scenarios, enabling your client to still meet goals in spite of different types of challenges.
“With proper planning and a bit of proactivity, wealth managers can protect their clients’ individual and family assets from future threats,” explains Mark Robert Salem. “This requires that your client is up front about their long-term goals so that we can develop strategies that actively work toward those objectives with measurable steps along the way.”
Wealth managers and financial advisors must run their accounts like a business. They must be empowered to decide the clients they work with, which services to recommend to their clients, and when to collaborate with others in their organization to met their clients’ needs.
“Clients want to be able to trust their wealth managers or financial advisors. This would be difficult if their wealth managers or advisors aren’t free to recommend to them the best products and services,” Mark Robert Salem explains.
Empowering independence in wealth managers or financial advisors also reiterates the benefits of the organization by attracting top talent and, in turn, more clients. Choosing a wealth management company that allows their managers to design creative plans that are not one-size-fits-all style is key to making an informed decision.
In recent years, especially during the height of the pandemic, the landscape of business and investment has changed. This is why today’s wealth-building strategies must be aligned with family interests.
“Although purpose-driven investment has been the theme in wealth management, particularly in family offices for quite some time, it has shifted to mean more than just steering clear of investing in companies engaged in unsustainable activities,” says Mark Robert Salem. “It also means aligning your family’s overall goals and interests with investment patterns. This is why investment decisions should be based on the family’s purpose and chosen for how well they align with the family’s values.”
When clients and their family office have set a purpose, and everybody is of one mind, then wiser, more informed investment decisions will follow.
Wealth management has never been as important as it is today. With so many threats to wealth, including inadequate investment planning, poorly invested assets, lack of insurance coverage, and litigation, wealth managers and financial advisors must come equipped with the right knowledge, a clear understanding of the fundamentals of wealth management, and the drive to help their clients succeed and grow.
ZEX PR Wire offers massive Press Release, News, Authored Articles, Editorial services, geared at generating massive exposure for your unique project, business, or concept.
ZEX PR WIRE is a premium press release distribution provides end-to- end solutions to produce, optimize and target content and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, ZEX PR WIRE serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.
Disclaimer: ZEXPRWIRE is a newswire distribution network. Articles and other content published by ZEXPRWIRE are the legal responsibility of the author and ZEXPRWIRE accepts no liability for the content of such material. ZEXPRWIRE publishes content for informational purposes and makes no representations regarding, recommendation or invitation to engage in, any form of financial or investment activity, and does not endorse the content of any material published.
ZEX PR WIRE allows users to submit their press releases through our online platform. Once submitted, our team reviews the content for quality and relevance. Upon approval, the press release is distributed to our extensive network, including major news outlets, industry-specific publications, and online platforms.
You can streamline the distribution process while still benefiting from human oversight. This ensures that your press releases meet quality standards, increasing the likelihood of media coverage and enhancing your brand's visibility.
ZEX PR WIRE accepts a wide range of press releases, including product launches, company announcements, event promotions, new partnerships, industry insights, and more. However, we do not accept press releases containing offensive or illegal content. For more information on this please visit https://zexprwire.com/editorial-guidelines/
Pricing for using ZEX PR WIRE varies depending on the distribution package you choose. We offer different plans to suit various needs and budgets. For detailed pricing information, please visit https://pr.zexprwire.com/pricing
You can view the total number of site submissions, status for each submission (live/pending), hyperlinks for each live PR, details pertaining to your package and number of press releases remaining, and view count for each live PR through third-party tracker integrations. (You may change the content according to what we provide in analytics).
ZEX PR Wire operates between 10AM to 7PM IST. During these hours, press releases may be distributed immediately after editorial approval of the press release. Otherwise, it will be published the next day. Additionally, several publications might require more than one day to be completed.
It generally takes 24- 72 hrs to publish the press release and generate the report
Yes, ZEX PR WIRE allows you to schedule the distribution of your press release for a specific date and time. This feature enables you to plan your PR campaigns strategically and ensure that your news reaches the right audience at the right time.
If you have any further questions or need assistance, you can reach out to our customer support team through direct Whatsapp ,chat on the web or can write to us at [email protected]. We are available to help you with any queries or concerns you may have.