What is it?

It is an asset optional service for people who is having a high net worth. It is a perfect blend of financial planning and specific financial services like individual wholesale banking services, estate planning, legal and tax guidance, and asset managing services.

Approach

There are a number of meanings for the word "wealth", but wealth management is all about managing one's wealth. In general, wealth management services are especially for high net worth individual, as they mostly deal with preservation of wealth and further amassing.

Here comes the question –“Is financial planning and wealth management is alike?”

The answer for this question will be a “Big No,” as they are fundamentally very similar and there are dissimilarities too. The wealth management is managing existing wealth whereas financial planning is creating/aiming a mass wealth. Implied Financial Planning gives you the correct guidelines for managing your wealth.