Wealth manager provides financial and investment advisory, accounting and tax services, retirement planning, insurance policies, legal and estate planning services to high net worth clients. The wealth manager understands the requirements of the clients and addresses them with the best available financial solutions. The scope of wealth management is broader than investment advice as the HNIs depend upon wealth managers for all their financial needs and for planning their family’s future. This service is suitable for wealthy individuals with a wide range of diverse requirements. Wealth managers need to coordinate with outside financial experts as well as clients’ agents like accountants etc., to formulate an optimal plan for the clients. Although the wealth managers are expected to be experts in every financial service and product, in reality, each manager specializes in particular areas, depending upon factors such as expertise or experience of the managers, primary business area in which they are operating, their comfort level with particular products, etc.