Wealth Management is a term that originated in the
1990s in the United States within Broker Dealers, Banks, and
Insurance Companies. Wealth Management has generally evolved
from high net worth financial consulting for persons who are
top clients of any firm. Wealth Management is classified as
an advanced type of financial planning that provides individuals
and even families with private banking, estate planning, asset
management, legal service resources, trust management, investment
management, taxation advice, and portfolio management. Thus,
wealth management encompasses asset management, client advisory
services, and the distribution of investment products.
Persons
engaged in wealth management usually work for brokerage
firms, large banks, trust departments, or investment and
portfolio management firms. Smaller firms such as Registered
Investment Advisors also tend to provide a wide array of
family office services.
Wealth
management is a high level form of private banking that
provides various types of investment, insurance and bank
products and services. With the repeal of the Glass-Steagall
Act in 1999, financial firms were finally able to provide
all three of the above services from the same offices. With
the emergence of wealth management as a career opportunity
as well as a professional service in high demand, educational
programs such as the New York University certificate program,
the Swiss Finance Institute MBA in Wealth Management and
the American Academy of Financial Management CWM Certified
& Chartered Wealth Manager program are providing customized
wealth management executive training to corporations and
individuals alike. Singapore Management University (SMU),
in collaboration with Wealth Management Institute (WMI)
and Swiss Finance Institute (SFI) offers a MSc in Wealth
Management to existing and aspiring wealth managers. As
wealth management serves a much more affluent community,
many government licensed lawyers, CPAs, Chartered and Certified
Wealth Manager's and CFPs are involved in this type of high-net-worth
consulting. Keep in mind that only Lawyers and CPAs have
a government license to provide legal or tax advice on complex
wealth management, estate planning, tax law, retirement
or other legal issues such as business succession or divorce.
As a note, an RIA (registered investment advisor) with the
SEC or a person holding a RIA licence can charge fees for
investment advice.
Currently,
wealth management in the global financial services industry
is mainly product-based with different parties providing
financial products via independent channels. However, the
Internet is transforming the global wealth management market
by integrating individual financial services that can be
distributed online through a central hub (which could be
a portal or an aggregator).
Gold
as an integral part of your Wealth Management
Gold
stocks are up 489% in the last three years.
It
is very hard to believe. But it's absolutely true. And I'm
not cherry-picking a few good ones for this gold stock report...
This is referring to the entire gold mining index (the Gold
BUGS Index), made up of 15 of the world's major gold stocks.
And
that 489% moon shot is just one indicator of gold's shining
performance in recent years - to say nothing of its even
brighter future.
Take
a look at these nuggets...
The
price of gold itself is up over 50% from its lows in 1999
Graded gold coins are up 70% in the last three years, and
Futures and options on gold have soared... Who knows how
many thousands of percent you'd have made by investing in
gold? You'd have stopped counting, and you'd be on a beach
somewhere in the Caribbean about now...
Today we'll look at some of the other major factors that
make gold a great investment right now - plus examine some
specific ways that we as investors can best take advantage
of the situation and invest in gold. Let's get started...
Gold
Stock Report...6 Reasons to Invest in Gold
1.
It's super cheap. Gold is cheap, while stocks are expensive.
Even though gold prices are going up , it will hit around
$900 an ounce very soon.
2.
Governments will make our money worth less to pay off their
record debts. Dollar is losing its value like anything.
Governments can print money to pay off their debts. But
they can't create gold. The supply of paper money can be
infinite. But the supply of gold is extremely limited (they
say that the entire gold production in the history of the
world could fit on the basketball court at Madison Square
Garden). And it's difficult to extract. Bill Gates could
buy all the gold mined in the world in a year from his checkbook.
3.
Gold should do well in major international conflicts. The
price of gold was fixed during World War I and World War
II. But silver, for example, rose by over 100% in both world
wars. It's been rising for the duration of the War on Terrorism.
It all comes back to #2, above...governments ultimately
print money to pay for wars.
4.
Gold should do well in extreme bear markets. Silver more
than doubled in value from 1932 to 1936 during the Great
Depression (the price of gold was fixed by the government).
The next long bear market was 1968-1980. Silver rose from
around $2 in 1968 to a peak near $50 in 1980.
5.
Gold stock will rise during inflation... and during deflation.
Investing in gold is good inflation protection... gold rises
as the value of the dollar falls. But what many people don't
understand is that gold stocks will do even better during
deflation, as the government lowers interest rates significantly
and wildly prints money (creating inflation) to offset that
deflation... leading to substantially higher gold prices.
This is where we are now, and gold has done what it's supposed
to do.
6.
When you buy gold investments, you lower risk in your investment
portfolio. In the past, gold has tended to do the opposite
of stocks...it skyrocketed in the 1970s, when stocks did
horribly. Then in the 1980s and 1990s, when stocks soared,
gold lost over half its value. Now in the new millennium
gold has soared while stocks are still below their year
2000 highs. Holding a portion of your portfolio in gold
stock will smooth out your portfolio fluctuations.
Looking
into all these factors , you should make Gold as an integral
part of your wealth management program. Mind you.. It will
an "anchor" for all your investments.
