Wealth managers are responsible for helping individuals manage their assets and plan their finances according to their personal needs and wishes.
They help people deal with important issues such as how they will be living after retirement, how they will send their children to college, and how they will be able to fund their wedding.
Wealth managers must invest their clients’ assets in equities, shares, bonds, real estate, gold and other potentially lucrative commodities.They must use their knowledge on finance to determine what financial decisions to make, while keeping in mind the need of the client
Salaries vary quite considerably within the field of wealth management.
While the mean salary for wealth managers in United States of America remains US $70,000 per annum, 10% of these professionals find themselves earning more than US $200,000.
Entry level salaries are generally quite low, but there is room for increase in salary.
Fresh post graduates can earn in the range of Rs. 4 lakh per annum to Rs. 6 lakh per annum,