Talk:Wealth management
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[edit] Difference between wealth and asset management
Perhaps the article should more clearly outline the differences between wealth management and asset management. --ToyotaPanasonic 13:46, 16 January 2007 (UTC)
[edit] US Perspective of this article
This article is from a US perspective only. It references US laws as if they affect the whole world of wealth management. Wealth management is a discipline that exists outside of the US...both for local populations as well as the concept of international wealth management for international people (globe trotting expats, etc). These should be discussed in the article. Scott says 10:33, 11 September 2007 (UTC)
[edit] Difference between wealth management and Private Banking
The articles first states that "WM is a high level form of private banking", then gives an average WM's clients worth of 150K to 1M$ while the average PB's clients worth would reach 5M$. It doesn't make sense, does it ? Taiotoshi 13:28, 6 November 2007 (UTC)
This is incorrect - the article discusses the issue of segmentation of "Wealth Management" versus "Private Banking". The key to understanding this is to compare say a CitiGold or HSBC Premier (focused on Mass Affluent customers) versus HSBC Private Bank (focused on those with a minimum of US$1m in Assets under management by the bank). The two segments are very different in both scope, services, products, branding, etc. WM is not as Taiotoshi suggests 'a high level form of private banking' but a high level form of retail banking. Private banking fits into a category all on it's own. This categorization is 100% correct. Brett (talk) 08:49, 24 February 2008 (UTC)
