PAM Guide to Wealth Management

Chapter Two - What are the different types of private wealth adviser and what do they do?

Private wealth advisers come in many different forms. It is even difficult to generalise about one category of adviser. Some private banks or financial advisers, for example, will offer a more personal and comprehensive service than their competitors.

In choosing an adviser, what is important is the chemistry between you and the adviser, whether you trust the adviser, whether they are best placed to help you meet your financial goals and his or her relationship with other professionals you may need to use.

Some private wealth advisers attempt to be generalists in that they offer to advise you on all your financial planning requirements. Others are specialists in particular parts of the wealth management process, such as discretionary private asset managers, lawyers, or trust companies.

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The PAM Directory is a comprehensive guide on comparative data focusing on asset managers, investment managers, private banks, stockbrokers, wealth managers and multi-family offices, who provide discretionary and/or advisory portfolio management services for private clients.

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