Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
This question is about what a manager does.
Asset Manager vs. Wealth Manager
An asset manager is a financial professional who seeks to aid an investor in gaining more money, while a wealth manager is a financial professional who aims to protect a client's wealth over the long run.
An asset manager advises and manages a client's investments. This includes things like stocks, bonds, mutual funds, EFTs, and other investments. Their primary objective is to help a client increase their wealth by determining what investments are the best options for a particular client. They may also assist in asset allocation or choosing how to divide a client's investable assets into different asset classes.
A wealth manager helps clients in a more broad financial sense. They look at a client's overall wealth and take steps to maximize it and protect it for the long term. Their services include tax planning, education planning, legacy planning, estate planning, insurance, charitable giving, and retirement planning.
Here are the key differences between an asset manager and a wealth manager:
An asset manager focuses on advising and managing a client's investments
A wealth manager focuses on taking steps to increase and secure a client's wealth for the long term
An asset manager helps their clients invest in stocks, bonds, mutual funds, EFTs and other investments
A wealth manager performs services like tax planning, education planning, legacy planning, estate planning, insurance, charitable giving, and retirement planning
Asset managers tend to have higher salaries and bonuses than wealth managers
Choose from 10+ customizable resume templates
Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
