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Wealth Management: What should be in my wealth management plan?

Your wealth management institution will normally give you a written plan based on the information provided by you.

Ensure that all facts and figures are accurate and that the strategies and recommendations meet your goals.

The plan should:
  • Outline your current financial position and financial goals

  • Explain the overall strategy to achieve your goals

  • Recommend investments and other strategies to manage your money

  • Describe how the investments and strategies recommended will achieve your goals

  • Discuss the risks associated with each investment choice

  • Disclose all fees and commissions


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Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)


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Notes
Knowledge Base ID :   1443
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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