# Wealth Management

*Careers & Credentials — Finicade finance glossary*

Wealth management serves high-net-worth clients with investment management plus tax, estate, philanthropy and lending coordination. Fees typically run around 1% of assets, falling as balances rise. The value is in integration and behaviour management rather than in stock selection, which is why the strongest practices lead with planning and treat portfolio construction as the commodity it has become.

**Also known as:** private banking, private wealth management, HNW

**Related terms:** [Assets Under Management](https://finicade.com/glossary/assets-under-management), [Financial Advisor](https://finicade.com/glossary/financial-advisor), [Estate Planning](https://finicade.com/glossary/estate-planning), [Family Office](https://finicade.com/glossary/family-office), [Management Fee](https://finicade.com/glossary/management-fee)

Source: https://finicade.com/glossary/wealth-management