Managing wealth when you don’t have the time

28-Sep-2015 #Globalwealth Source: Live Mint

Wealth management can be possible even when one does not have enough time. All one needs is a systematic approach and a financial advisor who can manage wealth on your behalf. It is necessary to identify investment goals which will help define the asset allocation among various asset classes. Also a detailed investment policy statement (IPS) is recommended which clearly defines investment goals, expected returns and the risk guidelines in terms of exposure to various asset classes and products.

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