The terms wealth management and asset management are often used interchangeably, but they describe two fundamentally different functions within the financial system. Understanding the distinction matters, particularly for individuals moving from income accumulation into long-term capital stewardship. At a high level, wealth management is about the person. Asset management is about the capital. What Wealth Management Actually Covers Wealth management is a holistic advisory service focused on an individual or family’s entire financial picture. The objective is not simply growing money, but aligning financial decisions with long-term goals, risk tolerance, tax exposure, and life circumstances. A wealth manager may advise

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