A wealth manager is a consulting professional and an innovator in wealth management. He or she manages a client’s portfolio and offers investments and financial investment solutions. His or her areas of expertise revolve mainly around economics, taxation, law, finance, etc. Training in wealth management is necessary to practice this profession.
Qualities required being an asset manager
To be an asset manager, you need the following qualities: good listening, organizational and analytical skills, dynamism, rigour, as well as human and interpersonal skills. It also requires precise knowledge in multiple and complex fields such as law, real estate, economics or taxation. In order to propose safe investments to our clients, we must also master all the ins and outs of our profession. Being rigorous in the evolution of the legislation in these matters is very important. Apart from that, understanding the client’s situation is essential to establish an investment plan. Therefore, knowing how to understand the risks the client is willing to take will be crucial. A wealth manager must have common sense and know how to propose products that are best suited to the client’s expectations.
Training in wealth management
Training as an asset manager requires a degree in law, economics or business school, but with specialisation and a highly recommended Master’s degree:
– Master’s degree in engineering and asset management
– Master’s degree in Engineering and Asset Management
– Master pro private law specialising in private wealth management
– Master pro wealth and financial management specialising in private wealth management
– Master pro wealth and financial management speciality
The roles of the wealth manager
The wealth manager is an expert in wealth engineering, and is mainly specialized in tailor-made investments guiding and making financial investments for clients. He fulfils several missions within a bank, a specialised company, a notary, an insurance company or even independently. His objectives are generally as follows:
– to evaluate a client’s assets
– review a client’s resources and family situation
– assimilate and study the customer’s expectations
– Understand whether the client wishes to make safe or more profitable investments.
– determine an investment strategy
– monitor new legislation that impacts the assets of its clients
– propose concrete solutions to optimize customer assets