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A 36-year-old Nigerian lecturer in Yibin, Sichuan Province

Most people work to be able to give themselves and their loved ones a good life and a secure future, but only a few are able to achieve that: those who can manage their wealth properly. I believe wealth management is a systematic process employed by individuals to keep them on track to achieve their set financial goals.

Wealth management, contrary to popular opinion, is not only for high-net-worth individuals but for anyone with long-term financial goals and a desire to have a secure future. There are various types of investments to choose from depending on an individual’s appetite for risk. Investments

In my opinion, it is better to employ the services of an expert who will bring the benefits of their training, their experience working with other clients, and access to information.

are categorised based on potential yield over time and the risk involved. There are lowrisk investments, medium-risk investments such as fixed deposits and real estate, and high-risk investments such as stocks.

While some people may choose to manage their wealth personally, in my opinion, it is better to employ the services of an expert who will bring the benefits of their training, their experience working with other clients, and access to information. In getting a wealth manager, a lot of things should be considered. Some of these are the reputation of the manager, their investment philosophy and whether they align with yours, their fees as well as what they intend to offer, as all these could determine whether your wealth will be managed properly or not.

There are several benefits to having one’s wealth properly managed by an expert, of which the most important is having a personalised financial portfolio tailored to the specifics of one’s income, age, financial goals, risk appetite, and timeline and ultimately providing expert advice on the best financial products based on one’s uniqueness.

Personally, I believe that one of the major benefits of wealth management is freedom from unnecessary debt, as improper management of one’s money could lead to financial burden and debt. Another importance of wealth management is that it helps to prioritize financial decisions and reduces financial stress. Additionally, it could also help to build a sustainable wealth plan.