Wealth

Management

Submitted By:
Supriya Dwivedi

Introduction

The term Wealth management formed with two words Wealth &
Management. The Meaning of Management They have already
seen in the steering introduction. The meaning of Wealth is
Funds, Assets, investments and cash it means the term Wealth
management deft with funds Asset, instrument, cash and any
other item of similar nature. While defining Wealth Management
They have to think in planned manner. Wealth Management is an
all inclusive set of strategies that aims to grow, manage, protect
and distribute assets in a much planned systematic and integrated
manner.
The term Wealth management now a day has a lot of importance.
So many Banking companies are engaged in this business of
Wealth management. The premier insurance industry is now
booming because so many bankers are also adopting and playing
safe in the business of insurance the term called is Bankassurance. Now a day Wealth Management has a lot of craze in the
corporate world. In a survey it was found that India had 500,000
millionaires by end of year 2014 which had grown up by 21%
from an year earlier (Asia pacific Wealth report).

Objectives
1)

Through the past results, to identify the

potential of wealth management sector.

2)

Understanding companys procedure in wealth

management department.

3)

To know the comparative position of the

companies offering wealth management services.

4)

To have a general notion on different asset

classes available in financial market.

5)

To have a conceptualized view on wealth

management services.

Literature Review

Reichenstein, William, and William W. Jennings. 2003.

Integrating Investments and the Tax Code. New York: Wiley.
This book captures much of our thinking on wealth management
topics. It offers a unified approach to many articles we have
written on such topics as asset allocation, valuing retirement
benefits, and optimal savings vehicles. We advance several core
principles. First, before-tax and after-tax dollars are different; that
is, asset allocation should reflect embedded tax liabilities. Second,
we evaluate asset location and the choice of savings vehicles. We
focus on education and retirement savings goals rather than
intergenerational concerns. Third, we encourage professionals to
manage an individuals extended portfolio that includes the values
of off-balance-sheet assets, such as Social Security payments and
defined-benefit plans. The extended portfolionot simply the
financial portfoliois the proper focus of the private wealth
manager. To some extent, the book is an extended riff on the
themes of Reichenstein (1998).

Research Methodology
The design of the plan adopted for the study is stated
below : 1. Data Collection Methods:
a)
Primary Data

b)
Secondary Data

2.

Type of Research Design

My research design was descriptive method.

3.

Sampling Design
Probability Sampling
Area Sampling
Bank of Baroda Lucknow

Importance
When

thinking about high net-worth individuals,

there's a tendency to view them as people without
problems, living a life of luxury. Because they've been
able to amass a significant amount of wealth over time,
they're set for life - or so the thinking goes.

In

fact, having a high degree of wealth is far from a

care-free status. Owning wealth means needing to take
care of it, whether through implementing tax planning,
setting up an orderly estate or creating a successful
investment plan. This might explain the soaring
popularity of wealth management.