Wealth management is a comprehensive service that helps individuals and families manage their financial resources effectively. It involves creating personalized strategies to grow and protect wealth over time. Wealth managers often provide advice on investments, retirement planning, tax strategies, and estate planning, ensuring that clients meet their financial goals. A key aspect of wealth management is understanding each client's unique situation and aspirations. This may include assessing their current financial status, discussing future objectives, and recommending suitable financial products. By working closely with clients, wealth managers aim to build long-lasting relationships and provide tailored solutions that align with their financial goals.