Finance:
The Differences Between
Asset Management and
Wealth Management
Willah Joseph
Mudolo

The Differences Between
Asset Management and
Wealth Management
In the most basic sense, wealth
management is a much broader
area, covering all aspects of the
financial health of each client,
whereas asset management has a
more specific focus.
What Is Asset
Management?
Asset management focuses
specifically on the management of
assets and investments. An asset
manager looks after a client’s
investments, using expert knowledge
to identify suitable new assets
for investment with the aim of
increasing the wealth of the client.
Asset managers are often registered
brokers or dealers and may offer
in-house products as well as direct
market knowledge. Most asset
managers charge clients based on
commission for product sales.
What Is Wealth
Management?
Wealth management has a wider
focus than asset management,
including an array of financial
planning services including tax
planning, estate planning and
retirement planning, as well as asset
management and investment advice.
Wealth managers are usually
registered investment advisers and
charge clients a retainer fee as well
as individual fees for assets under
management.
The terms ‘asset management’ and ‘wealth management’ are often
used interchangeably. However, there are several key differences
between the two disciplines.
Finance:

Willah Joseph Mudolo | 3
Wealth managers are usually registered
investment advisers and charge clients a retainer
fee as well as individual fees for assets under
management.

Willah Joseph
Mudolo
You can learn more about
wealth management by
visiting the blog of Willah
.Joseph Mudolo