After enjoying the winter days... i never thought i will be facing the good old summer again so soon. And dont know how it will be in the coming months. If its only an anomoly, then no need to worry, if not then we need to alarm all those responsible for this to happening.
Well today, i come across an oppurtunity to know more about wealth management. It will be good for many, if i can put down some simple fundas that goes into this.
Wealth management is an holistic approach in managing the money for the high net worth individuals. This is not an easy business, as lot of research goes into this for managing. At the same time it has its own significance, as it boosts the economy, provides cash flow for companies, and not to forget the employment it generates. There are many wealth management products which suit the individual in all three categories of low, high and ultra net worth individuals. And the pareto principle of 80/20 too follows here that the 20% of money is rested in the hands of 20% of people, whom we can classify as high net worth individuals. Going in detail about these products is out of scope for the post, though i will come with one in coming days.
Actions are more important than words...With this quote i would like to say bye for today...
1 comment:
Hi nagu (kanna)
You must be feeling the heat now a days because the ac in your office may not be operational or you are not going to office for a change.
"And the pareto principle of 80/20 too follows here that the 20% of money is rested in the hands of 20% of people, whom we can classify as high net worth individuals."
The statement of Pareto's law written by you(above)is wrong.It should be :
"And the Pareto principle of 80/20 too follows here that the 80% of money is rested in the hands of 20% of people, whom we can classify as high net worth individuals."
Regards
Saket
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