The Difference Between Wealth Management and Asset Management

The video discusses the roles of wealth and asset management at JPMorgan, highlighting their differences. Asset management involves managing money for various entities, while wealth management includes a broader financial planning approach. The video emphasizes the importance of making wealth management accessible to a wider audience and the critical role of early financial advice to avoid emotional investment decisions.

What is the primary distinction between wealth management and asset management?

How does wealth management encompass a client's entire financial situation?

What are some of the services included in wealth management beyond managing investments?

In what ways have wealth management firms adapted their services for a broader audience?

Why do most individuals achieve lower returns on their investments compared to the average market return?