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What Is Included In Wealth Management? Thumbnail

What Is Included In Wealth Management?

You have worked hard to become a high-net-worth individual (HNWI) or a high-earner-not-rich-yet (HENRY), now it’s time to make your money do the heavy lifting. That’s exactly what a net worth advisor like the ones here at Delta Wealth can help you do. Wealth management advisors help you get your finances in order so you can continue growing your net worth without sacrificing your desired lifestyle. 

At DWA, our wealth management process involves much more than just saving for retirement. It helps you live the life you want now without having to worry about your money down the road. To help you get started,  we are breaking down wealth management, what goes into it, and a few of our different management types and strategies. 

What Are Wealth Management Services?

Wealth management services help affluent or high-net-worth individuals create an investment strategy that meets their needs. At the center of wealth management services are two parties:

  • A wealth management advisor (or on some occasions a team of advisors)
  • The client themself

The relationship between an advisor and client should be a strong one. After all, you will be entrusting your financial future (at least part of it) with your advisor. It’s important to get to know your advisor and to engage with them both professionally and  on a personal level. You will want to consider what qualities you value and how you would define a good working relationship. Once you do that, you can find an advisor who fits the build. At Delta Wealth Advisors, we have an experienced team of advisors who have done and seen it all. You can be confident that our employees understand the complexities and nuances of any financial circumstances. 

What Does A Wealth Management Person Do?

A wealth management advisor can do as much or as little as you’d like them to. You may be asking this question to try and determine if you even need an advisor, or maybe you want to know exactly what responsibilities they would take off your plate. Either way, the scope of most financial advisors includes monitoring things like:

  • Retirement Planning
  • Estate Planning
  • Investment Strategy
  • Savings Strategy
  • Cash On Hand 
  • Tax Implications 

Net worth advisors can help you with all of those things and more. After all, you are the one hiring them. Their job is to help you achieve your financial goals. 

It’s important to note, while everyone’s needs are different, typically the best wealth management advisors will suggest taking some form of a holistic financial approach. This helps to diversify a client’s portfolios, mitigate risk, and customize their strategy specifically to their wants. For example, someone who plans to retire in 2 years will most likely have a different investment and saving philosophy than someone expecting to retire in 20 years. To get a better idea of what goes into individual wealth management plans, let’s look at the different types of wealth management assets. 

What Are The Different Types of Wealth Management?

The different types of wealth management assets include: small business investments, private real estate, stocks, bonds, and cash.  

Small Business Investments

Investing in small businesses is a great option for long-term growth. You can aim to earn anywhere from 3-10x on your investment. However, associated risks include a higher chance of losing capital when compared to less ambitious investments. 

Private Real Estate

Private real estate offers a steady, tax friendly source of income. You can expect to earn more than with stocks and bonds, and maintain more stable pricing during market downturns. One downside to private real estate is its illiquidity. So if you hope to move on from it as an investment in the short-term, it might not be the best foundation for your net worth strategy.  

Stocks and Bonds

The capital markets offer an excellent opportunity for liquidity, income, and growth. They can help you meet life’s unexpected needs while also planning for tax consequences. One of the more significant downsides is that they are subject to public panics and manias, resulting in pricing volatility. 


Even when planning for your financial future, cash is still king. It’s important to have enough of it to live the kind of life you want in the present. Plus, it is essential for funding economic recessions. The only downside of having too much cash is the limited earning potential for any excess wealth.    

Delta Wealth Advisors, Your Net Worth Partners

When it comes to getting your finances in order, it’s pretty clear why wealth management is important. There are so many different factors and moving parts to consider when crafting your net worth strategy. Plus, your time could be spent doing something more valuable or more enjoyable. Leave all the planning and headaches to us at DWA. 

Our team of professionals are well-versed in wealth management and have years of experience. When you choose DWA, you choose peace of mind that your financial future is in good hands. 

To learn more or get started, schedule a call with us today!