I’m a college student studying finance and numerous professors and peers that I would be “really good at wealth management.” Only problem(s): I don’t know what I did to give them that idea, and every time I google what wealth managers do, it goes over my head as I’m only a sophomore and only have studied introductory business topics thus far. TIA!
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There’s a few different things,
Most of it is investment management, so helping people decide what to invest in, how to plan for retirement, how to allocate funds, diversify properly etc…
Other parts of it just include like balancing income and expenses, helping people know like your kid goes to college in 6 years, or you want to get 3 rental properties so you can do this, plan for taxes, estate planning etc…
I also don’t know what someone would do to indicate they’d be good at wealth management… usually it’s unfortunately little to do with how good you are at managing anything, and more if you can get clients. It’s more of a sales and relationship building thing. Just convince rich people to let you manage their money, then they put it in mutual funds and shit which require no real knowledge.
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