Investment may be defined as an activity that commits funds in any financial / physical form in the present with an expectation of receiving additional return in the future. The expectation brings with it a probability that the quantum of return may vary from a minimum to a maximum. This possibility of variation in the actual return is known as investment risk. Thus every investment involves a return and risk. A portfolio is a combination of various assets and / or instruments of investments.
Wealth management is a high-level professional service that combines financial / investment advice, accounting / tax services, retirement planning and legal / estate planning for one fee. Therefore, it is more than just investment advice, as it can encompass all parts of investor‘s financial life. It’s never to early or too late, to start about investment and wealth management.