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What Is Wealth Management?

Looking for help managing your money? Wealth management, a high-level professional service typically offered by banks, encompasses financial and investment advice, in addition to banking services.

You don’t have to be wealthy to utilize wealth management tools. Keep reading to learn about wealth management and how you can take advantage of these services.

Types of Wealth Management Services

couple practicing wealth management

Wealth managers and financial advisors offer a variety of wealth management services, which may include the following:

learn how to increase your savings with wealth management

How Can I Increase My Savings?

Compared to Gen-Xers and Boomers, only 37% of millennials are saving up to leave the workforce. The percentage of millennials that isn’t saving to leave is instead putting money toward living the lifestyle they want. 

Building your savings is doable—putting money in a 401(k), IRA or savings account can help you save money for whatever financial goal you may have. By increasing your savings, you can prepare for retirement, create a financially solid estate and build your business. 

Learn How to Save with Synchrony Bank

Synchrony Bank has the right savings products to allow to you manage your money in the best possible way. While we do not offer wealth management services, we do have a variety of savings products to help build your savings.

Having received various awards for one of the best savings accounts, money market accounts and CD accounts, Synchrony Bank can help assist you with your financial needs. Call 844-345-5789 or open an account today and learn more about our savings accounts.

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Sources:

Investopedia: http://www.investopedia.com/terms/w/wealthmanagement.asp

Investopedia: http://www.investopedia.com/terms/t/tax-efficiency.asp

Investopedia: http://www.investopedia.com/university/estate-planning-guide/estate-planning5.asp 

The Balance: https://www.thebalance.com/what-is-the-definition-of-a-trust-3505391

CNBC: https://www.cnbc.com/2017/05/23/heres-what-millennials-are-prioritizing-instead-of-retirement.html


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