businessman making pyramid shape of wooden dices with dollar sign on them.
Investing is more important than ever. The year 2020 has been a challenging one for many people, and it showed that even a seemingly stable economy could collapse under sudden circumstances. That being said, it’s important to have a steady second source of income to ensure financial stability.
Is 2021 the Year to Start Your Investment Journey?
It should be. Investment helps you take charge of your financial security. It helps you not just to grow your wealth but also create an additional stream of income to meet your financial goals.
However, not everyone has the ability to manage their money and plan for their current and future needs. To devise an applicable investment plan, you will need to seek the help of a financial expert.
Wealth managers work with you to identify financial goals and map out a plan for achieving them that’s built around solid investments that have the potential to grow over time.
What Is Wealth Management?
Wealth management services are advisory services that cater to the investment needs of clients. Affluent clients, in particular, need assistance in outpacing inflation and meeting their investment goals at an acceptable level of risk.
Wealth managers offer a wide range of financial services and products that aim to enhance their client’s financial situation.
Why Should You Hire a Wealth Manager?
One of the main advantages of wealth management is that it pays off in the long run. Great wealth managers will not only help you make money on your investments but will also help you avoid potential investment risks, guide you to better decisions than you might make on your own, and construct personalized financial plans to help you reach your financial goals.
ADCB’s Wealth and Asset Management Solutions Review
Now that we’ve demonstrated the value of working with a wealth management advisor, the next is to choose the right wealth manager for your needs.
Abu Dhabi Commercial Bank (ADCB) is one of the leading investment management banks in the UAE for citizens and expats alike. The bank provides brokerage, banking, wealth management and investment services to individuals and corporate clients. The experts at ADCB can help you create long-term goals, plan for retirement, manage your assets, and more.
ADCB provides the flexibility of creating your investment portfolio using ADCB Managed and ADCB Select.
ADCB Managed Funds
In a managed fund, your money, along with that of other investors, is pooled together in one place and invested in assets. It provides you with access to markets and strategies that an individual investor may not have access to.
Managed funds are a great way for beginners new to investing to start their journey. It also makes it easier to manage risk as it is spread across multiple investments instead of one. You can earn income from it and get capital gains when the value of the unit in the fund increases.
Another advantage of managed funds is that it is managed by fund managers who have extensive experience in the selection and maintenance of investments. They are in constant touch with the market they invest in, which is an advantage for investors with little or no experience.
ADCB Asset Management
The process of developing, operating, maintaining, and selling assets is called asset management. ADBC offers a curated list of best of breed mutual funds and ETFs.
Exchange-traded funds (ETFs) gather the financial resources of many people and use them to purchase tradable assets such as bonds, derivatives, and shares. ETFs can be a great investment as it minimizes the risks by spreading your finances over equities of different companies.
Mutual funds, on the other hand, are a professionally managed investment fund that pools the financial resources of many people to purchase securities. They are a popular choice among investors, and their advantages include dividend reinvestment, risk reduction, convenience, and fair pricing.
Advice fromthe Expert
The best way to decide if you will benefit from wealth management services is to consult an expert. Learn more about the personalized investment solutions that are available to you today!