02
Jan
You might have come across terms like financial planning and wealth management. While all these terms indicate services relating to managing your financial matters, it can be confusing to understand the exact differences. The primary difference between financial planning and wealth management is the goal. Financial planning is a broad concept that aims to meet short-term goals like making a down payment along with long-term objectives such as saving for retirement. Wealth management, on the other hand, focuses on the long-term goal of preserving and growing your wealth over time. Both financial planning and wealth management helps you manage your…