You’ve probably heard of heritage. From the moment you own property, you are concerned by this notion. But what exactly is the definition of wealth management? And why is it interesting to manage your assets?

And why call on a wealth management advisor? We address all these questions in our article and provide you with explanations.


What is heritage?

Having wealth is the fact of owning material goods. This word comes from the Latin patrimonium and means coming from the father.

These are therefore often, as the name suggests, goods that we receive through our family inheritance. These can be passed on, sold, or bequeathed. It is also possible not to inherit it but to build up your own heritage.

When we talk about heritage, this can be constituted for example:

  • land or real estate (house, land, building, apartment, etc.)
  • objects (furniture, vehicles, works of art, collections, etc.)
  • copyright
  • usufruct rights
  • inventions covered by a patent
  • professional assets (goodwill, property dedicated to the exercise of the function, etc.)
  • or financial investments (savings, stocks, bonds, etc.)

This list brings together the main things you may need to own. Whether by inheritance (house, land, furniture, etc.) or by the constitution (purchase of a building for your profession, car, shares, savings, etc.) .

Wealth is divided into two categories: assets and liabilities.

Assets consist of physical and immovable property. Liabilities relate to debts and loans to be repaid.


Wealth management, what definition?

Having wealth is a real opportunity! But knowing how to manage it is even better. And yet, it is not always easy to act in the most adequate way.

Wealth management has a single objective: to grow your capital to prepare for the future.

In practice, it is generally delegated to a wealth management advisor who knows your situation and your assets. He then takes care of understanding your objectives, analyzing what can be done, and advising you on how to grow your wealth.

To carry out his mission, your adviser can follow several axes:


The heritage audit

This is, in short, the starting point of the collaboration between the expert and his client. After making contact, they see each other and proceed, as a logical consequence, to an audit of the applicant’s assets.

This phase allows the adviser to know a little more about the situation of his interlocutor. He thus collects all the information he needs to support him properly. Together they assess the client’s assets and liabilities for a census.

It is therefore a complete diagnosis of the applicant’s financial and tax situation.

Thanks to this summary, the service provider becomes aware of the targeted economic objectives and ensures that there is no underlying threat. He also finds out about his client’s financial knowledge and his appetite for the various investments that he can then offer him.


Heritage engineering

Following the audit, the advisor has all the elements necessary to proceed. He then takes the time to study the situation in detail and comes back to his client when he has been able to establish an action plan.

By looking more closely and approaching the case from different angles, he can give him appropriate advice and effective solutions. This by calling on his knowledge of taxation, notary or even financial management.

Wealth engineering gives rise to investment ideas or, for example, tax exemption.


Open architecture

The technique of open architecture aims at the objective of not being limited to a single type of investment.

On the contrary, the financial manager proposes here to open up the possibilities in order to avoid concentrating the solutions in one and the same place.

Having collaborations with other establishments and management companies, it can access other types of markets. A way to place your assets where the opportunities will be.

By diversifying his client’s investments, he increases his chances of being in the right place at the right time and thus increasing his wealth.


Delegated management

Delegated management, also called “managed management” or “management under mandate”, can be implemented if the client wishes to delegate the complete management of his assets. He thus grants a management mandate to his adviser who, in return, will take care of all of his savings and assets.

He doesn’t have to worry about it anymore and can be at peace. Its assets are strategically placed by a financial expert who monitors their movements and fluctuations.

It is a real accompaniment that tends to reassure the customer and to better manage his patrimonial objectives.


Why hire a wealth management expert?

When you have a heritage, it can be difficult to make the right decisions about its management. However, we all have our projects and our objectives for the future: to ensure the studies of our children, to live a peaceful retirement, to plan the creation of a business, etc.

To prepare for all of this, you might need an expert standing by your side. This is to ensure that you make the best choices in terms of financial investments and benefit from them over the long term.

Indeed, a wealth management advisor will be able to identify the levers of action to activate to serve your interests. So you don’t just save to accumulate your assets. You also make sure to profit from it and generate more income.

By working hand in hand with you, an expert helps you develop a strategy for your investments and suggests opportunities to focus on.

This gives you the assurance that your wealth is protected and that everything is done to make it grow.


How to find your wealth manager?

To establish a real collaboration with your manager, it is essential to take the time to choose the right person. You need to form a connection and a relationship where you feel confident.

The professional you choose will accompany you in your finances and will work with you to help you achieve your goals. It is, therefore, necessary to be comfortable with him and to follow him through his expertise and his advice.

You now have a good definition of what wealth management is.

Keep in mind, however, that this cannot be improvised. Managing your assets yourself requires having real knowledge of finance and taxation.

The knowledge that is complicated to keep up to date in view of regular economic movements. By asking for the help of an expert, you are sure to benefit from the advice of optimized financial management professional.


Things to remember about wealth management:

Wealth includes all of your assets, whether tangible or intangible. Wealth management, according to its definition, allows you to build an investment strategy to invest your finances intelligently.

Its goal is simple: to enable you to achieve ambitious goals set for the long term.

To help you make them a reality, you can call on an advisor who will guide you in your decisions according to a meticulous and personalized procedure.

A keen connoisseur of economic news, your manager will be the ideal ally to grow your assets. Take the time to make the right choice, surround yourself with someone you trust, and remain vigilant about the decisions made.


As a reminder, our investment strategy is based primarily on our great mastery of various tools. Then on our ability to study and analyze financial markets. We finally add all our technical and commercial expertise. That acquired for almost 30 years in the management of our client’s portfolios.

Remember: your future deserves the best!