Wealth management is assessing and making decisions about your wealth to meet your financial objectives. It would be best to manage your wealth (measured by your assets and cash) to grow it or keep it from diminishing in value.A wealth manager can do this for you by gathering information about your circumstances and tailoring a personalized strategy that utilizes a variety of financial products and services.The wealth manager then arranges for the services required to handle the funds belonging to their client.Services available through wealth management offer a one-stop shop for all sorts of financial advice. Wealth management firms offer a broad and sophisticated range of financial services to their wealthy clients. A financial advisor often charges a fee that is equivalent to 1% of the assets they are managing. However, the cost decreases as your investment increases.