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Top benefits of Wealth Management Solutions

Grow your Wealth with Advice from your Personal Citigold Realtionship Manager

With volatility across financial markets globally becoming an order of the day, managing ones finances is often a daunting task. ‘Which markets should I participate in? What assets should I invest in? Is this the right time? What asset mix should I have in my portfolio? Is it time to sell?’, are questions investors often find themselves asking. A little help can go a long way in ensuring peace of mind and a guided support in ensuring a discipline to your investments. Here’s where a professional Wealth or Investment Manager could come in.

Investopedia defines Wealth management as a high-level professional service that combines financial and investment advice, accounting and tax services, retirement planning and legal or estate planning for a set fee. Wealth Management goes beyond just investment advice, instead encompassing all aspects of one’s life. The idea is to integrate one’s lifestyle with realistic financial goals to meet current and future needs.

A typical Wealth Management process evolves as shown in the chart below. Underlying all of these strategies, is the primary goal to make money work for you and ensure you have it when you need it.

An ideal Wealth Management service can,

  • Help you make sound investment decision. Wealth management solutions focus on developing a customized investment portfolio based on your needs. A wealth manager helps you identify near term and long term goals, priorities and match these objectives with ideal investment opportunities.
  • Offer you solutions to meet your risk tolerance. A customer profiling is often the first step in the process of Wealth Management. It becomes one of the driving forces across decisions made within the planning process. At Citi, this process starts with your dedicated Citigold Relationship Manager putting you and your needs at the core. Your Relationship Manager will have an in-depth conversation to understand your current financial position, goals and needs, to determine the suitable investment portfolio for you.
  • Ensure diversification. Over time, it is inevitable that both your personal circumstances and market conditions will change. This is why your Relationship Manager will conduct regular reviews of your investment portfolio to ensure that your plans remain firmly on track.

This process ensures you have a comprehensive solution, summarized as

  • Innovative financial management to help build and manage your wealth
  • In the short term, identify and capitalize on new target markets with optimized investment plans to accomplish financial goals
  • Over the longer term, diversify your investments across countries and prepare investment plans based on risk and returns
  • Insure your interests with solutions to help you protect what matters most

Wealth management can be an efficient support in ensuring peace of mind when it comes to financial matters. A well experienced provider can ensure you build your wealth in a healthy and sustainable manner.

Content exclusive to Citi by Wealth Monitor. The views expressed here are those of the authors and do not necessarily represent or reflect the views of Citibank UAE. The information in this website does not constitute investment advice or an offer to invest or to provide management services and is subject to amendment without notice.