Wealth management is a life planning process whereby individuals achieve their financial goals related to a certain desired lifestyle for themselves and/or their dependents by maximising individual’s resources and capacity. Individual must have a clear idea of the financial goals that are specific and measureable.
Financial goals and a desired lifestyle vary from one individual to another. The way our money is spent or used is likely to vary at the different life stages. To grow wealth successfully, we need to consider some details about planning the use of money. As we aspire to achieve our goals, money is the vehicle that can take us from where we are now to where we want to be.