STEPHEN MILLER – ALLEGIANT CAPITAL GROUP AS A FINANCIAL PLANNER AND WEALTH MANAGER
Financial advising includes wealth management and financial planning. Wealth management and financial planning are often switched for each other but there is a difference between the two. A financial planner or wealth manager needs to be good in Maths and have analytical skills.
Financial planning is mostly sought by the middle class to upper-middle class people to manage and plan their funds to go as far as possible. Wealth managers are required by high or ultra-high net worth individuals. They need risk management, require knowledge about capital gains which is given by wealth managers. Wealth management’s main goal is to grow the earned or existing wealth to preserve it.
The decisions are mostly taken considering the investment portfolio one already has. Opportunity-oriented financial management is included in wealth management while financial planning is goal-oriented. Financial planning is done at the initial stage or says when an individual wants to meet certain goals and manage his finance accordingly. The goals can be short-term or long-term. Managing finance daily helps in being self-sufficient in life. There are many job opportunities for financial planners as compared to wealth managers.
The active participation of the financial planner is of utmost importance in such cases. While in wealth management the active participation of the beneficiary or recipient is required. Stephen Miller Allegiant capital group plays a dual role according to the requirement.
Wealth management includes wealth preservation strategies and tactics, wealth growth strategy, asset allocation, risk tolerance, and assessing wealth. Financial planning includes cash flow management, tax planning, retirement planning, risk management, debt management, etc. Financial planners and wealth managers must have basic education till graduation.
There are many other licensing exams conducted by federal boards. Wealth management aims at a holistic approach considering all the aspects of an individual’s financial health, unique strategies are applied to increase the existing wealth and plan future goals. It also includes estate planning for high-net-worth individuals or businessmen.
Stephen Miller – Allegiant capital group have been serving their clients in crucial areas – Financial planning, investment planning, wealth management, and retirement planning. They help in taking correct steps in saving and investing money for the future. Practical advice makes perfect financial planning for individuals.
Stephen Miller-Allegiant Capital Group 