What Is Wealth Management?

Wayne Demeester Wealth Management pic
Wayne Demeester, Wealth Management
Image: soltisadvisors.com

Brigham Young University graduate Wayne Demeester is a financial executive with 30 years of experience. As managing director for the Bellevue, Washington-based firm Definitive Advisors, LLC, Wayne Demeester focuses on providing wealth management services to high-net-worth individuals.

The term wealth management refers to consultative services delivered by investment and financial advisors to increase the monetary prosperity of their clients. Wealth management differs from traditional investment advice because these advisors typically provide comprehensive services, overseeing multiple or all financial aspects of a client’s life.

Services commonly provided by wealth management firms include accounting and tax services as well as retirement and estate planning. Additionally, wealth management may include advising on charitable donations as well as risk management within investment portfolios.

In addition to utilizing their own knowledge to make decisions, financial professionals who practice wealth management may also work in conjunction with a client’s insurance team, accountant, and legal representative to control his or her fiscal interests.

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