Global Asset Management involves creating and monitoring a set of investments for long-term wealth. All this is done based on what your tolerance for risk will be as well as your financial investments. What sets this type of financial endeavor apart, however, is that instead of striving for monetary growth through domestic stocks, you will be able to diversify your investment on an international level.

In other words, Global Asset Management is wealth management on a global scale. It seems like a straightforward notion, yes. However, there are so many nuances that set this apart from asset management on a domestic level. If trade-offs and stock buying internationally are a part of your wealth portfolio goals, then keep on reading below. Here, we share some of the basic things about global asset management as well as introduce you to the company that can assist you in this venture.

Read more about what does a wealth manager do.

The Nitty and Gritty of Global Asset Management

To begin, you need to enlist the assistance of portfolio managers. Not just any portfolio managers at that – you need professional licensed ones who are experienced in the science and art of building and managing portfolios globally. All of this is done with the ultimate goal of maximizing the return of your investments, at the appropriate level of risk that you can tolerate.

Passive vs Active Global Asset Management

As with domestic asset management, you and your portfolio managers can choose to either passively or aggressively earn from your assets. How do these two management styles differ? We explain the difference to you in the section below – keep on reading.

Passive management works with you buying and forgetting about your investment. It doesn’t matter how many funds you want to invest in when it comes to passive management. You can simply create your portfolio, optimize it to the best that you can, and just leave it to accumulate profit over a set period of time.

On the other hand, there is what one calls active management. This involves actively buying and selling of assets, as well as consistently trying to beat the performance for your best gain. Depending on your global asset manager – and with your approval, of course, either quantitative or qualitative models can be employed.

Global Asset Management Company

While also used as a general term for buying and selling stocks on a global level, Global Asset Management is also a respected authority in the very industry that it belongs to. Global Asset is the foremost company in, well, global asset management. They work closely with their clients to build a diversified and secure portfolio for the ultimate goal of financial freedom and security.

Global Asset Management: Key Points and Goals

Global Asset Management operates on three major pillars: security, tradition, and integrity. These work synergistically with the elements involved in global portfolio management.

Asset Allocation

Money, stocks, bonds – these are all considered as assets. Alternatively, real estate properties and commodities may also be considered as such. The goal of global asset managers is to successfully allocate these assets by providing balance and protection against risk. All this is to ultimately reach the goal of capturing gains and opening new opportunities for profit.

Diversification

Diversification is the very superstructure that global asset management stands on. It understands the need for creating several baskets of investment so that you, the client, will be able to have a more secure and broad spectrum of exposure in the market.

More than anything, diversification mitigates risk, and amplifies rewards. Global Asset Management understands that markets are volatile and one sector can outperform another at any given time.

Of course, your portfolio can be diverse domestically. However, geographical and economical divesification has proven to be more profitable and with lesser risks.

How to Start a Global Investment Portfolio

Opening an account and starting to explore opportunities in the global investment market is easy with Global Asset Management. Take a look at the steps that you can take to get started on your investments.

Step 1: Find an investment advisor

The first thing that you need to do is to find a reliable investment advisor. Over at Global Asset Management, you will be paired with an experienced and able advisor who will walk with you in every step of the way. This advisor cum portfolio manager will assist you and provide you with all the information that you need so that you can work together in building your assets.

Step 2: Create and build your portfolio

After discussing your appetite for risk as well as your financial goals with your portfolio manager, he or she will then set out to create a blueprint for the diversification for your assets.

Step 3: Monitoring

By now you and your manager should have already invested in several market baskets. The thing to do now is to rest easy in knowing that your manager is closely monitoring the market and will be the first one to advice you to buy or sell assets as opportunities present themselves.

Follow my blog with Bloglovin

Whether you’re looking for a reliable firm to manage your own assets, or are simply curious, keep on reading the list below. This is a list of the top companies in the wealth management field.

Recommended articles:

• Stock Market Sectors
• The Importance of Wealth Management
• How to Invest in South Korean Stocks

UBS Group

At the top of our list is UBS Group AG or UBS. Handling over $2.43 trillion assets under management (AUM), this company is one of the top in the global asset management landscape. Most of its clientele are in the Asia Pacific region and in Latin America. However, in the US, UBS Group only ranks fourth among its competition.

Handling a whopping number of 24,000 employees, this global wealth management firm has amassed over $4.3 billion from last year. The numbers continue to rise this year as it continues to expand its endeavors, earning the trust of the ultra-high net worth individuals and corporations.

Bank of America Global Wealth & Investment Management or GWIM

Coming in second to UBS is the Bank of America Corporation. This wealth management company has over $1.25 trillion AUM in its division. This particular company has two divisions under its wing: the Merrill Lynch Wealth Management and the US Trust Bank of America Private Wealth Management. This classifies its clients then as those who have either over $250,000 investable assets and those who are considered as high net worth classified by the Bank of America.

From its almost 20,000 wealth managers in all its 750 branches, this is easily the most popular manager of the affluent citizens of the US.

Morgan Stanley Wealth Management

Next on the list is the Morgan Stanley firm. It is considered as the third largest wealth management company in the world, handling over $1.1 trillion AUM.

Its affluent customer-base is among the top tier all across the globe, totaling to about 3.6 millions clients. This number is divided among the 16,000 financial advisors that it keeps in its payroll.

Just last year, Morgan Stanley has raised a profit of over $17.24 billion, and the numbers aren’t going down this year. This company took off with a really great start in the first quarter of this year, amassing over $4.4 billion in revenue.

Wells Fargo

You might be more familiar with this firm through its private banking branch, but Wells Fargo is also a fierce competitor in the field of high net worth wealth management. It has a banking operation that is blown up, representing 10% of the corporate total.

This firm has made all the right moves in the past year ever since acquiring Wachovia banking operations. Since 2018, Wells Fargo & Company manages a total of $564 billion in AUM. Under its wing is over 15,000 wealth managers across all its 1500+ branches.

J.P. Morgan Private Bank

We move on to another popular asset management firm: JP Morgan Chase & Co. It handles a total of $677 billion in AUM.

This company has around 1,200 wealth managers in 47 branches worldwide. In the past year, JP Morgan Chae & Co has raked in $12.9 billion in net revenue–a quite impressive feat.

HSBC

Another giant in the field is HSBC, a multinational banking and financial servicing firm. With a total of $512 billion in AUM under its care, it remains to be one of the trusted options for clients worldwide. This firm has is in a total of 26 locations and has been around for over 150 years.

The Vanguard Group

We move further down the line with the Vanguard Group at around $335 billion in AUM. What sets this company apart is that it is a client-owned company, not a publicly-traded nor privately owned one like its competitors.

Operated by a different set of rules and with a more client-centric focus, Vanguard is more forthcoming to clients in the lower-income bracket than any other company in this list. It offers various investment opportunities such as ETFs and even low-cost mutual funds.

Charles Schwab

Finally, we end this list with the Charles Schwab Corporation. This company manages over $315 billion in AUM. It is recognized by the Wall Street Journal as one of the Top 40 wealth management firms all across the US.

It employs a total of 3,100 wealth managers and operates in 335 branches all over the country. If we were to classify Charles Schwab’s wealth management scheme, it would probably fall under the investment management sector. It has increased its management and administration fees, resulting in a drastic increase in its revenue in the prior year.

Read more about Global Asset Management Korea.

Eventually, you might come to need assistance. However, to be frank, there isn’t much support offered in the online community that is tailor-fitted to your needs.

This is where the wealth management process comes in handy.

The importance and scope of wealth management

Simply put, this is a service that banks on investment advisories. You, the client, will be paired with an advisor who will take on a wealth manager role. During this consultative process, your goals, capabilities, and risk personality will be assessed to find the best path of investment for you.

The need of wealth management has become more potent in today’s economic climate. With industries rising and falling on a regular basis, it is important to align yourself with someone who can give you financial and legal advice when it comes to managing your assets.

Of course, your investments aren’t the only ones covered in the consultations with your wealth manager. Aspects such as estate planning, accounting, retirement plans, etc. are also practices that will be included.

The benefits of wealth management

Now that we have a pretty good understanding of wealth management, it’s time to explore its benefits.

1. It will help you strategize a financial plan

With the services of a wealth management company in Korea, you’ll be able to handle all of your assets properly. Of course, you know your needs and goals best, so the task of a wealth manager is to make sure that the flow of your investments aligns with those goals.

What wealth management does is make sure that your investments are pooled to be lucrative and safe.

2. It will help you sort your priorities

Wealth management is all about implementing a proper structure in your financial wellness. To do this, it initially takes into account all of your goals and plans. By doing so, it forces you to dig deep and ask yourself questions such as, “What do I want to get out of my estate? How can I implement a thorough tax planning tactic? How much money do I want to receive after retirement? What’s my risk-taking personality when it comes to making investments?”

Asking yourself these (as facilitated by your wealth manager) will be done for the purpose of discovering your financial goals.

3. It will help you feel more secure with your money

Financial stresses are all too real in today’s luxury-conscious lifestyle. Your financial advisor will help you address all these and more. Being experts in the field, they will help put your mind at ease even during the roughest financial conditions.

Armed with theories, real-life experience, and a timeline that is tailored to your needs, a financial advisor is a perfect ally for all financial considerations.

4. It will help you come up with a retirement plan

Even the most workaholic among us look forward to a day when we’d simply live off the money we’ve previously worked for. With retirement as a big consideration in most people’s wealth timeline, it is no wonder that wealth management addresses this concern at the get-go. After all, it’s become increasingly difficult to live off on pension alone with our standard of lifestyle.

With your money under the strict monitoring of a wealth manager, you should be able to live off the fruits of your investments much earlier than you expected it to be.

5. It will help you set the pace and risk-level for your investments

If tailored services are what you are looking for, then you won’t go wrong with employing the assistance of wealth managers. Unlike most financial services, there is no cookie-cutter option when it comes to wealth management. Each client gets to enjoy a personalized level of counseling and dedication. If at any time, you will have questions regarding an investment or need legal advice about the division of assets, you can easily approach your wealth manager to sort things out.

6. It will help you secure your family’s future

With the correct wealth management portfolio, you will no longer have to worry about your family’s future. With proper investment schemes in place, you can rest assured that your family will be well taken cared of–even long after you have expired.

7. It will help you lead a healthier relationship with money

Despite having someone constantly looking after your financial well-being, having a wealth management fund will encourage an even healthier relationship between you and money. For most people, being closely monitored and seeing significant growth in investment are enough motivation to make better money decisions, after all.

At Global Asset Management Seoul Korea, work closely with clients to assure their financial security. We understand that for many, investment decisions can seem intimidating and complex. Our mission is to simplify the process and put you at ease. We do this by putting matters of financial management into clear, easily understood language and using straight forward investment portfolios. We further simplify matters by ensuring costs and fees are completely transparent.

These days, you hear a lot of the phrase “asset management” especially in meetings that involve private companies, as well as business-related articles. You even hear this particular term being uttered by financial advisors when consulting with their private clients.

Don’t be confused nor should you be intimidated by the term. In reality, wealth management is very forthright. To the person who is rich and affluent, wealth management is merely the technique of finding ways to manage or even augment his or her financial standing. And then, from the view of the wealth manager, wealth management is the capability of an individual or a team to provide a wide range of services to a well off client in a consultative manner.

Basically, it is a consultative service that makes use of other financial-related skills to tackle and properly address the wishes of wealth clients. It is an advisory service wherein a wealth manager talks to the client about his specific wants and needs, and then, crafts a custom-made strategy that makes use of the right financial services to properly address the client’s concerns.

A wealth manager, wherefore, is a kind of financial guru that uses the entire gamut of financial services available to him or her — which may include but is not limited to investment counsel, estate development, accounting and even planning for retirement — to properly manage a client’s resources for an agreed-upon fee.

This kind of management service varies from one country to the other — it would be wholly different in Seoul, Korea compared to Manila in the Philippines.

Understanding the Job of a Wealth Manager Better

For all intents and purposes, a wealth manager is someone who does more — way more — than just dole out sound investment management advice. Simply put, a wealth manager takes care of a client’s financial standing. The basic concept of a wealth manager is compared to taking bits and pieces of information or advice from a number of different financial experts, affluent clients would be better off just getting all that from just one individual. A wealth manager is often given the task of coordinating the services that are essential to managing the client’s resources in a way he or she sees fit.

While the fundamental concept of a wealth manager is someone who is versatile enough to deliver services from any financial field, there are those that actually elect to become experts in a particular one. This is primarily based on the knowledge, proficiency, and experience of the wealth manager or the main business that the wealth manager functions and exists in.

In particular situations, a wealth manager may have to organize information from different financial gurus as well as those coming from the client’s personal circle like his or her battery of lawyers and accountants to bespoke a campaign to effectively. As a matter of fact, there are even wealth managers that provide banking services or healthy advice regarding philanthropic endeavors.

A wealth manager may work under the umbrella of a scaled-down business or a much larger one that deals with matters concerning the financial realm. A wealth manager may be known by a number of different titles such as a financial consultant or financial adviser. There are event times that a wealth manager is called as an investment management manager. Depending on the client’s specific needs, he or she may be provided with services from a singularly focused wealth manager or may have access to a cache of different team members.

All that being said, it is not a given that financial advisors would be particularly great or successful at being wealth managers. There are a lot of financial advisors that are experiencing success at running or managing resources that are not especially inclined to diving headfirst into the profession of being a wealth manager.

It also must be noted that employing the services of a wealth manager is not for each and every affluent individual. Rather, it is especially useful and apt for wealthy people that have a wide range of needs that need tending to.

So basically, to sum it all up: the term wealth manager or wealth management is often seen or heard in this day and age. It’s not an intricate or complex business term. Rather, it is a consultative process that aims to manage, develop and spread the resources of affluent individuals in a manner that suits their specific wants and needs.

Looking for an asset management company? Give us a call.

You may have heard this term used once or twice before by well-heeled individuals who talk about how they’ve managed to amass such prosperity. When asked how they are able to maintain their high net worth and continue to increase it, they usually mention the term wealth management. What is wealth management? Why do the rich rely on it when it comes to their financial stability?

Defining Wealth Management

When you string together these two words – wealth and management – it is pretty easy to see what the phrase means. It is literally the management of wealth. It is a service that is offered by professionals who help their affluent clients take care of their wealth. The primary goal of such a service is to help clients grow their wealth through a variety of sub-services that include portfolio management, financial planning, tax planning, and many more.

This particular service also helps clients understand what is needed when it comes to taking care of their finances and their assets. Since each client has different needs and expectations, their wealth management strategy can differ greatly from those made for their peers. The wealth manager makes sure that each client who requires such a service gets the kind of assistance they want and need with the help of customized services and advice.

Who Requires the Help of a Wealth Management Professional?

One question people ask when it comes to wealth management is how much money do you need to have for you to need a wealth management company’s help? The answer is pretty simple. You need to have a lot of money before you can be considered as someone who is in need of a wealth manager. Basically, you have to have a high net worth before you can actually say you need help with managing your wealth.

An individual who has a high net worth usually has cash upwards of $1 million. People who belong to this category are called HNWIs or high net worth individuals. HNWIs are also defined by the SEC as accredited investors. These are people who earned a minimum of $200,000 for the past couple of years.

The HNWI status actually comes in three distinct categories – high net worth, very-high net worth, and ultra-high net worth. While the first category requires you to have at least $1 million in liquid assets, the second one requires you to have at least $5 million. To be considered an ultra-high net worth individual, you need to have at least $30 million in cold hard cash (Read more on Asset Allocation).

What Does a Wealth Manager Do?

If you are in any of the three HNWI categories, then you should definitely considering hiring a wealth manager. There are many wealth management companies who have trained and experienced professionals who can help you handle your riches for you. In fact, a lot of companies focus only on managing the finances of those who belong to the HNWI category.

A wealth manager is essentially a financial adviser that does more than just offer investment advice to their clients. These professionals offer their HNWI clients services that cover all aspects of their financial life. Apart from the aforementioned services, they also help with tax and accounting needs, estate planning, retirement planning, and even family legacy planning (Read more on Growth vs. Value Investing).

How to Choose the Right Wealth Manager

To ensure that you get the best wealth manager to help you with your needs, there are a few things to consider. These include the following:

• Their Certifications – Check to see what types of certifications a wealth manager has. The best ones are usually certified public accountants (CPA) with Certified Financial Planner (CFP) and Chartered Financial Consultant (ChFC) certifications. When a wealth manager has all three, it means they are at the top of their field and have undergone the necessary training and exams needed for these.
• Track Record – Certifications are only the tip of the iceberg, so to speak. To get yourself a good wealth manager, they should also have a sterling track record when it comes to how well they have been serving their clients.
• The Firm They Work With – More-often-than-not, the best wealth managers are associated with a reputable wealth management company. Wealth management companies, after all, hire only the best and the brightest to work for them to ensure that their high-level clientele are happy with how their wealth is being managed. To ensure that you get one of the best in the industry, you should try to check out the top wealth management companies around.
• Your location – If you are looking for a wealth management firm to work with, it is probably advisable that you find one where you live. If you live in the US, find a wealth management company in the US to help you. If you live in Seoul, Korea, a wealth management company in Seoul Korea is your best bet. This will help make it easier for you to get in touch with them quickly if you need some last minute advice on an investment or if you are facing a financial decision that you can’t make your mind up on.

The Importance of Wealth Management

Some people may believe that a financial adviser and wealth manager is just someone you pay to give you advice you can find yourself. What they don’t realize is that these professionals can do more than give you advice on your investment. They offer a lot in terms of the following:

• Overall financial advice – Wealth managers and wealth management companies give clients more than just information on which stocks to invest in or what to add to their portfolios. They offer a whole plethora of services that help a client meet their financial goals.
• Remove the guesswork from all financial worries – Need help with your taxes? Want to learn how to set up your retirement fund? Want to know how you can become a philanthropist? Your wealth manager can help you with all of these.

The Bottom Line

If you are someone who belongs to any of the three high net worth categories mentioned earlier, you should definitely find a wealth management company to help you. Not only will you get the help you need to maintain and increase your wealth, but you also get a professional whose aim is to help you manage and figure out all of your financial conundrums.

Looking for a solid Global Asset Management company? Welcome, you have come to the right place.