Explanation of financial terms

Wealth management refers to the process that individuals or institutions adopt a series of strategies and methods to comprehensively plan and manage their financial assets and investment portfolios in order to achieve financial management goals and maximize wealth appreciation.

It covers asset allocation, risk management, tax planning, retirement planning, estate planning and so on. It aims at minimizing risks, maximizing benefits and minimizing taxes through scientific investment analysis and comprehensive management, and building a comprehensive wealth inheritance system on this basis. Wealth management services are provided by professional investment consultants or financial institutions, aiming at providing tailor-made investment and financial management for individuals or enterprises.