Wealth management or wealth management advisory is a form of investment management and financial planning that provides solutions to a wide array of clients ranging from affluent to high-net-worth and ultra-high-net-worth
Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients.
The risk management process is a framework for the actions that need to be taken.
- Step 1: Identify the Risk
- Step 2: Analyze the Risk
- Step 3: Evaluate or Rank the Risk
- Step 4: Treat the Risk
- Step 5: Monitor and Review the Risk
Financial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default.
Often it is understood to include only downside risk, meaning the potential for financial loss and uncertainty about its extent.
Financial risk is the possibility of losing money on an investment or business venture. Some more common and distinct financial risks include credit risk, liquidity risk, and operational risk.