The Difference Between Wealth Management and Asset Management
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- เผยแพร่เมื่อ 19 ก.ค. 2021
- Mary Callahan Erdoes, J.P. Morgan Asset & Wealth Management CEO, explains the differences between asset and wealth management. She's on the latest episode of "Bloomberg Wealth with David Rubenstein." The interview was recorded on June 7.
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I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
Currently the market seemed tougher on boomers. I on the other hand am use to buying and holding assets which seemed to be obsolete in the current market, plus inflation is catching up with my portfolio. I am close to my retirement and it worries me.
You shouldn't blindly jump on every opportunity in the market. Aim to obtain adequate understanding of the potential factor that contributes to your financial growth.
It all depend on how long you are willing to hold on for, stock will likely tank up. But making serious gain will not be problem if you are or working with a pro.
I work with a brokerage expert who helps me through this tensed and pressured market. Its been over 10months under his expertise and I have accumulated over $600k from all my holdings. His advance knowledge in wealth management and tax planning has really optimized my finances and security. My retirement is looking glowy.
An experienced brokerage expert should first seek to understand the financial values and goals of clients before providing innovation solutions that aligns with those goals.
Yeah..that's correct. The expert I am working with had to enquire into my financial objectives and also my risk tolerance before providing strategies for me. He also provide me with investment opportunities. He is in-the-know on market trends, tax laws and financial regulations. That gives me much confidence.
Risk management should always come first, the reason many traders lose money is not simply due to inexperience or a lack of knowledge of the market, but because of poor risk management
Right, but then proper risk management doesn't guarantee profitable trading. If you want to acquire better trading results emphasize more on trading when liquidity is present. Nevertheless you need to be able to analyze good market entries and exit
Losses are necessary, as long as they are associated with a technique to help you learn from them
Identifying good market entries and exit has been a very troubling for me. What does it take to analyze good market entries and exit like you mentioned???
Substantially it takes assistance from an expert to perceive good market entries, demand and supply zone. I don't even worry about market entries and exit since I trade with trading Expert. She runs the risk management and research while I get good earnings through her strategies
Risk management is one of the most, if not the most, principal component to always look out for
I thank myself for never giving up even when it was very hard I kept pushing through until I made it out. My advice is that If you do your own investing, have you ever thought whether you should turn things over to a financial advisor? If you have significant assets, you have probably felt anxiety when making choices with your money. Perhaps you sensed that you might make better investing decisions if you knew just a little more and could invest without emotion. If this is the case, consulting a financial advisor makes perfect sense.
You’re right! Working with a financial advisor will genuinely set you up for success in life. I’m delighted I was able to hire a financial advisor named John Desmond Heppolette, earlier this year. Because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone.
John Desmond Heppolette has been a significant step in my financial life journey, providing valuable knowledge, actionable advice, and motivational content. His supportive community has boosted my confidence, work engagement and has inspired me to strive for excellence. His assistance is a secret weapon for great financial growth, and his online presence is a must-see for anyone looking to improve their financial situation.
John Desmond Heppolette, really seem to know this stuff. I found his web-page when I made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
Absolutely! A financial advisor can help you create a tailored investment plan that aligns with your unique financial situation and goals.
0:25 the difference between wealth management and asset management. they've been used interchangably but they have distinctions. AM is we manage money on behalf of the individuals - institutions sovereign wealth funds, pension funds. we manage them an ETF, stock, bonds, hedge funds, PE. this is the heart of fiduciary business. Wealth management is that, plus understanding someone's entire balance sheet: mortgage and loan and credit card - their entire life.
Sounds like it should be reversed honestly
It’s always better to have a financial plan. To avoid having to manage your life. Working with a licensed planner and fixed-income strategist in LA. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income
People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like LUCY ROSE CARTER
I wasn’t sure with investing money for a new car, but I’ve made over $58k since 2022 from learning from Lucy and still bought my dream car. Thanks😭
Is it possible to get in contact with someone like that?
LUCY ROSE CARTER
GOOGLE the name
I know Lucy, she is a CFP and I first saw her on the BBC talking about the crypto and real estate. And I just had to look her upon the WEB. I’ve made real good money since.
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
Amazing to see another who invest with Mrs Anne Marie, I'm currently on my 5th trade with her and my portfolio has grown tremendously. Her weekly signals are highly profitable
“We help them get average returns while charging them fees that negate the returns”
Whenever I hear someone in the financial industry say “wealth management”, I often find myself asking, “whose wealth”? Mine or yours?
@@clacicle haha right? I wonder what the allure is for hedge funds and private wealth management, I understand it more for private equity as you get access to non traditional assets
Wealth management and asset management target also individuals with like more than 1 million assets
Guarantee you never had a good wealth manager or you would change your tune very quickly. They’re an essential part of your team if you can find a good one.
Its important to keep in mind that many ultra wealthy people would rather pay fees for professional advice. Either because they lack the expertise or are so wealthy they would hardly notice the fees. These services are really for particular clients.
Wealth Management is Hard core sales
This woman is so classy and knowledgeable and it shows. Some of the things he said there, I had to learn the hard way. For the newbies, if you need any, be it wealth manager, asset manager, Investment advisors, broker or any fancy name they're called, remember to always look out for practical and not necessarily "smart" people. Had a terrible experience with one and it opened my eyes to the realities. Funny thing is barely 2 years into doing the right thing, I am doing well and close to making a million off my investments. Be safe out there guys.
...Very sound and realistic. I have been into this sphere for sometime now and though I won't say I have lost a fortune, I have squandered quite a lot... I always seem to follow the wrong crowd... You mentioned using a not so sound professional initially, if its not a problem, can you tell me who the present one is, how you found him/her and how you guys work... I need more details...please I urgently need one...
story of my life. wrong people will leave you worse off
@@archiemcdougald5466 Funny enough, I can honestly relate. Met mine through a colleague at work. I don't know if I am permitted to go into details here, but you could look up "Stephen Joseph Kohlhofer". I'm not so sure he takes on new people right now, but you could try.
@@trishawallor wow I know this smallish man. Once attended a fundraiser he was also in attendance in Vancouver,, Great speaker with a funny accent,, He's in the States though, I doubt he works with non residents,,,
@@trishawallor Thank you...
I've never heard it put so succinctly and so well.
@@verathom7637 scammer spotted
I. V
Why does every video having to do with money attract AT LEAST one commenter touting crypto, and that post gets a minimum of a dozen comments, all of them obviously commercial spam. Are those all clickfarms and chat bots?
Yes, it's a big issue on YT. Report it each time as unwanted spam.
Yes. Click farms chat bots and scams.
@Mary beautifully explained in simple words about Asset and wealth management... 👏👏👏
th-cam.com/video/MurcSjBf7ag/w-d-xo.html
The cave you fear to enter holds the treasure you seek... I was privileged to learn & invest in Forex trade, Binary Options (Digital currencies).... I was amazed by the profit received after the end of my trading sessions it's encouraging.
It's always better to have a financial plan. Working with a licensed Financial adviser/Manager is a good step to financial stability. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
People downplay the role of a FA, until they are burnt by their mistakes. That's why I've been working with a reliable FA/mentor like BEATRICE O Wendy.
@@ZenoKerryI wasn't sure with investing money for a new car, but I've made over $58k since October 2023 by the help of Beatrice O Wendy and still bought my dream car. Thanks
@@ginalatham2Is it possible to get in contact with someone like that?
@@aaron32118She often interacts on Facebook.
David is the best finance interviewer.
He's feeding her softball questions.
💯
Idk. That lady that always interviews Warren Buffet is pretty good too
Dave, thanx a lot for having that lady explain us, where to bring our money ...
appreciate !
I absolutely love your interviews #David 😃
th-cam.com/video/MurcSjBf7ag/w-d-xo.html
How long does an episode last, only 24 min or longer where can I found complete episode
Wealth Management: Once you have an Asset it begins.
Asset Management: One’s an Asset is desired and it’s subsequent acquisition & management.
Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.
Awesome explanation
I plan to create a website about private banking and this is a great video for my future website. I've probably spent 5 hours researching different sources for explainations for difference between asset management vs. wealth management. This is video easily the winner. One website, (not video), mentioned that asset management only is for institutional investors. Getting information about private banking online and the different offerings, it really is a very turbid field. =)
Wow! Amazing advertisement pitch for JPMorgan Chase.
Very eloquent ..super smart woman….
Any web in which we can learn a bit of what she said related to save early? Any article? Book? Thanks in advance!
Article? Book? Are you effing serious? Yt is full of financial advice videos. You might even say it's overflowing. It's there for the taking, and the best part, it doesn't cost you a penny, or whatever the smallest possible coin is in your country.
Sure, but you have to be careful to avoid grifters/scammers on YT. Most people are interested in giving you garbage advice and then trying desperately to sell you their courses. Usually these are trashy trailer-park types of people that rent expensive cars and houses and wear poorly-fitting cheap suits to "flex" and prove that their strategies worked for them, so they're going to work for you!@@jdrancho1864
i can smell the wealth and class on this woman xx
they paid her 25 mil last year lmao
Great interview
Great financial advisor
Asset management also involves retail products, like Blackrock iShares or Charles Schwab funds. What she is talking about is only AM for institutional clients.
Do you notify benificiaries,
I have been a banking client of JPM and a private client. Fired them both times. They are not incompetent. They are dishonest.
asset management focus on asset allocation into different investment instruments.
Wealth management focus on overall balance sheet. Managing asset and liabilities.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@@neolHoward Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time.MARTHA ALONSO HARA, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@@neolHoward MARTHA ALONSO HARA
Good video
This woman makes a mindboggling amount of money
Very good explanation.
I'm planning to request a sponsorship and partnership with Fidelity. I would also like to request at some point a sponsorship from JP Morgan. I recommend JP Morgan have business discussions with Fidelity if they are interested in my business as well as they are part of one of their portfolios. 👀
Luv it when she says “ to help Ppl “ 😂🎉❤
Okay well I have trust 142 there's 24 other trust within that trust and I know that I am involved with JP Morgan so what do we need to do because I've never seen a penny of any of my money not one penny and for the beneficiary to have that many trusts in the government be their trust fund administrators for them to have taken parts of my money invested into long-term security for me to have to pay the taxes on it but never see a return makes no sense to me at all
Memerlukan lebih ramai orang jadi sebarkan video ini lebih banyak
nice
So we're going to borrow money from me since I'm the private sector of the government too how does that make any sense we're going to borrow money from me
Good video. As for me i have made huge profits on my investment since i started trading with Julia David, her trading strategies are top notch.
I'm surprised you know her too, I've been making a lot of profit investing with her for a few month now.
Wow, amazing to see others who trade with Mrs. Julia David, I'm currently on my 5th trade with her and my portfolio has grown tremendously.
I am fascinated by the accuracy of her predictions. One must think she reside in the market lol. Great trades yesterday though
Do you mind hooking me up with her, I'm new at this.
She's on telegrams. with the user name below
We've saved for me for 45 years plus if you want to count historical
Hay quá
Now go see out how much JPM nickled and dimed their clients with small fees in 2020/2021 - and she still uses the word “fiduciary” lol
Let the hand rubbing commence!
Since you seemed to know so much about it why don't you tell me what my trust portfolios are in a total worth including stocks and everything
What if your advise is wrong? Then what?
I would say that's very rare to happen for a bank that's been doing it for a long time
Why are their so many comments this is a bug..
wowww beautiful contents..... love your channel, subbed ! a fellow creator,,
I worked in JPM wealth management. Churn and burn.
Nonang has a bank use to answer now.535 Thai baht
Treasury was recommended after accounting degree confirmation
Incredible! This content is a true masterpiece. I recently read a similar book, and it was an absolute gem. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
I was poor but then investing in high stakes really helped you should try too, you should get advise from people
Oh I see that is very good and possible. Shing chan is who helped me to be better. Contact him at wherever, whenever he is available
0:20
✌🏼
Funny that she dances over why the Wealth Management business isn't also a fiduciary business
I'm confused so perhaps you may explain it to me:
Why doesn't she want to say they're fiduciaries? Doesn't this indicate they'd put their client's interests over their own? Or do they not do that, so she doesn't want to get in trouble for saying it?
Glorified Sales , job wealth management. You have an advisor promising you the world by having you invest in a managed account at nice 1.5% fee. Oh and you need a minimum to invest 100k. These firms don’t really care about you, what they care about is having scalable revenue they can report on their earnings call.
Don't forget this company asks it's employees to work 12 hours shifts, 6 days a week. How is this reasonable?
「上記のギフトのいずれかを選択できます」、
No Nang Michen Manno
Great comedy
All she really cares about asset vs wealth management is how much fees being generated for her.
This is quite possibly the stupidest comment section I’ve ever had this misfortune of reading through. Not a single person in here has even the most basic understanding of investment management
I thought wealth management was just a fancy new word for "stockbroker" now that traditional stockbrokers have been dis-intermediated by online brokerages.
WM is an entirely different process. You aren't really involved in brokerages if you're in WM.
basically making the rich richer
Is there something wrong with that?
Do you think the “poor” deserve something the “rich” don’t?
Not by listening to this. This is about making money for the person making you "broker."
Celine Dion after canceling her Vegas shows
What is wealth?
If/When people decide to talk about global takeovers, what's it look like?
How many different ways can it be done?
The world is nothing but a structured system. One which is failing in many, many ways. It's a very timely, if not overdue, line of questions and S
scenarios to consider. The time takeovers could occur globally AND TOGETHER is far more important than the brilliance in the status quo. The question of removing it is more important, in my view.
The proverbial swimming with sharks mentality is always key...
A new community 'commune' system seems far and away more beneficial. It's happening in ways but not as intelligent or even challenged...yet.
Political systems are a detached albatross.
Military is almost grossly unnecessary outside the political theater. Best case, it's a result of the outdated political theater.
The REDUCTION of wealth back to an asset among people to use for the betterment of the industry, community & people is far more efficient and rational. Investments don't disappear but they get more modernized and easier for all.
The need for services in an exchange system to further give and receive is a logical modernized business transaction. Used and reused systems.
Minimized health care equipment managed BY PEOPLE with the systems, not BILLINGS.
Growing our own food with an exchange is another and it goes on and on.
I'm not even INTERESTED and see the possibilities, vulnerabilities.
No one is looking at ALL these watershed bubble popping POSSIBILITIES.
I hope #wealth will.
"Learnings"😂
Why does she sound like a TV politician a little?
She has that Nancy Pelosi vibe.
A Robot Woman...
Where is david looking???
Hahaha
Looks like he’s napping while she’s answering
now explain the difference between JP Morgan and a criminal syndicate.
Shut up
o c'mon, this is just a paste and tell
Hay quá
Currently the market seemed tougher on boomers. I on the other hand am use to buying and holding assets which seemed to be obsolete in the current market, plus inflation is catching up with my portfolio. I am close to my retirement and it worries me.
You shouldn't blindly jump on every opportunity in the market. To adequately understand the potential factor that contributes to your financial growth, it advisable you seek the tutoring and guidance of a professional.
It all depend on how long you are willing to hold on for, stock will likely tank up. But making serious gain will not be problem if you are or working with a pro.
Personally, I work with Jason Herman Pierce, he is a brokerage expert and a Certified Financial Planner. He guides me through this tensed pressured market. Its been over 10months under his expertise and I have accumulated over $600k from all my holdings. My retirement is looking glowy.
@@LiamThompson-cv9xy
How can I get in touch with your advisor? I am in dire need of an expert. My portfolios have been stagnant for a long while. I would love to diversify.
You just have to Google the name correctly, Jason Herman Pierce. From there you will find all the necessary information you need.
Now go see out how much JPM nickled and dimed their clients with small fees in 2020/2021 - and she still uses the word “fiduciary” lol