Setting Goals and Prioritization

Setting goals according for the client in the wealth management process is most crucial as the manager’s plan is based on the same. The goal may be tangible intangible in nature and these goals often vary from individuals to individuals at the various stages of life. The following are different stages.

• Short-term High Priority Goals: These are the goals that comprise needs that have to met on a short term basis like investment in education for higher qualification or for housing loan.

• Long-term High Priority Goals:  The goals are stretched over a long period of time, for example investment for higher education of a new born child.

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