What does a Wealth Manager do?

Answer:
If you happen to win a massive jackpot or lottery,

you might just consider hiring a Wealth Manager to help you decide how best to invest and manage your new-found wealth.

A Wealth Manager is, simply put, a financial advisor/planner for large amounts of money and assets.

A Wealth Manager usually has responsibility for managing all banking, investments, estate planning, asset management, and more. Sometimes very wealthy individuals or corporations and institutions hire Wealth Managers to manage different investment aspects.

The term "Wealth Manager" is a recently coined label (U.S., 1990's) which came out of high level, high income, high wealth Broker Dealers, Bankers and Insurance Companies.

Persons employed in Wealth Management positions are often Certified Public Accountants, Chartered Financial Analysts, or Chartered Wealth Managers with securities designations.