Difference Between Asset Management and Wealth Management

Asset management vs Wealth management

The primary difference between asset management and wealth management is that asset management refers to the management of investments on behalf of the client, while wealth management refers to the management of all financial aspects of the client.  

Both share different focuses as well. Wealth management concentrates on a wider range of financial services. They work with clients where wealth is typically already present, unlike asset management, which has a narrower approach that focuses on gaining higher returns for the client.  

What does an asset manager do?

In short, an asset manager oversees and manages an individual’s or company’s assets.

These financial professionals work avidly towards monitoring asset performances and maximizing investment returns for their clients. Asset Managers are also responsible for implementing tactics to increase ROI, recommending corrective measures, and even liaising and negotiating with suppliers.  

What types of investments do asset managers generally trade?

• Bonds
• Stocks
• Commodities
• Real estate
• Mutual funds
• Capital

Top 8 Asset Management Companies

1. Vanguard

2. BlackRock

3. Fidelity Management & Research

4. The Capital Group Cos. Inc.

5. Amundi

6. T. Rowe Price Group Inc.

7. Franklin Resources

8. Wellington Management Company

Does Intrinio work with asset management firms?

Yes, Intrinio works with hundreds of asset management firms located around the world.

Asset management firms rely on our comprehensive equities data packages and use our financial data to build powerful investing tools and calculators. There are endless possibilities with the integration of our financial data.  

Find out how platforms like Everysk Technologies and WhaleWisdom leverage our massive collection of stock market data.

What does a wealth manager do?

Wealth managers are financial professionals who provide their special services to high-net-worth families and affluent investors seeking wealth management help.  

A wealth management advisor is someone you can trust that will help you meet your financial goals in several areas and provide you with advice for future planning. Whether your goals involve retirement planning, tax services, investment management, or estate planning, your wealth manager will do their best to grow and preserve your wealth.  

What types of services are offered by wealth managers?

• Tax and accounting services
• Investment management
• Legal services
• Complex financial planning
• Insurance
• Retirement and estate planning
• Family legacy planning
• Debt management
• Trust services
• Charitable contribution
• Long-term financial planning
• Education planning

Top 8 US Wealth Management Companies

1. The Polk Wealth Management Group

2. 545 Group

3. Team Global

4. The Erdmann Group

5. Jones Zafari Group

6. Griepp/Jones/Palmer

7. The 650 Team

8. Hollenbaugh, Rukeyser, Safro, Williams

Where to access clean market data

At Intrinio, we’re recognized for being one of the top data providers that specializes in high-quality data, immediate customer service, and modern tools for a variety of fintech platforms and businesses. Our dedicated team wants to help you find the best data package that fits your unique needs. Reach out to one of our data specialists today to find out more about our equities market data packages. And to learn more about all our financial services and data please visit intrinio.com.

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