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From Wealth Preservation to Wealth Creation: The Changing Focus of Wealth Management

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Wealth management has always been a crucial aspect of financial planning, and its importance has only grown over time. However, the focus of wealth management has shifted over the years, from mere wealth preservation to wealth creation. This shift has been driven by changing market conditions, technological advancements, and the evolving needs of investors. In this blog post, we will explore the changing focus of wealth management and how it is adapting to the needs of modern investors.

The Evolution of Wealth Management

Traditionally, wealth management and asset management have been synonymous terms. The primary objective of wealth management was to preserve and protect the wealth of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). Wealth management was a conservative and risk-averse approach that focused on maintaining and growing wealth through traditional investment strategies, such as stocks, bonds, and mutual funds.

However, over the years, wealth management has evolved to incorporate new investment strategies and asset classes. The rise of digital asset management has introduced a whole new world of investment opportunities. Today, wealth management includes not just traditional investments but also alternative investments like real estate, private equity, hedge funds, and cryptocurrencies.

The Shift towards Wealth Creation

The shift towards wealth creation has been driven by changing market conditions and investor preferences. With interest rates at historical lows and traditional investments generating lower returns, investors are looking for new avenues to grow their wealth. Wealth management and investment management have therefore shifted towards more aggressive investment strategies that focus on maximizing returns rather than just preserving wealth.

Moreover, younger investors are more inclined toward taking risks and investing in alternative asset classes. They have grown up in a world where technology has disrupted traditional industries, and they are open to new ideas and approaches to wealth management. As a result, wealth management companies are adapting to the needs of this new generation of investors by incorporating digital asset management and alternative investments into their strategies.

The Role of Technology

Technology has played a crucial role in the evolution of wealth management. Digital asset management has enabled investors to invest in new asset classes like cryptocurrencies, which were previously inaccessible to the average investor. Wealth management companies are leveraging technology to create new investment products and services that cater to the changing needs of investors.

For instance, top wealth management companies now use artificial intelligence and machine learning algorithms to analyze market trends and make investment decisions. They are also using robo-advisory platforms to provide personalized investment advice and portfolio management services to clients. These technological innovations have made wealth management more accessible, efficient, and cost-effective.

Key Takeaways

In summary, the evolution of wealth management and investment management has led to a shift from wealth preservation to wealth creation. This shift has been driven by changing market conditions, investor preferences, and technological advancements. Wealth management companies are adapting to the needs of modern investors by incorporating digital assets management and alternative investments into their strategies. As a result, wealth management has become more accessible, efficient, and cost-effective than ever before.


This commentary is provided as general information only and is in no way intended as investment advice, investment research, a research report or a recommendation. Any decision to invest or take any other action with respect to the securities discussed in this commentary may involve risks not discussed herein and such decisions should not be based solely on the information contained in this document.

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Annelise Asborne

About the Author

Annelise is part of the founding team and Managing Member. She is a board member at the Great One Digital Holdings.Annelise comes with over 20 years of experience in finance, credit, real estate, risk, structuring, governance, and digital assets. Annelise was nominated to the board of Bob Evans (BOBE) and received a recommendation from ISS. She was also nominated to the board of Ethan Allen (ETH). Annelise is active in numerous industry organizations, corporate governance initiatives, and guest lectures at universities including Columbia, NYU, Baruch, William and Mary, and Fundan.

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