The first thing that comes to mind when you hear the word “wealth management” is the word risk.
And while the term has been around for a while, its been on the rise in recent years.
For some, that means that you can avoid potentially high risk investments by getting out of the market altogether, like a hedge fund.
For others, it means that they can’t risk taking on new investments without a clear path of return.
There are, however, some investors who think that you shouldn’t invest at all unless you have a certain level of income to back up your investment decisions.
So, what exactly is wealth management?
And what is risk?
To answer those questions, I spoke to David Shultz, the founder of Wealth Management Consultants.
We talked about the difference between investing and wealth management, and how to keep the two separate.