Essential Tips For Wealth Management

This article is one out of seven that I wrote about wealth. The whole series include a great deal of free valuable information regarding key factors that can help you in turn become wealthy. The rich do things diversely. That difference may be the one I want to explain here. Let�s scrutinize together these strategies that can make you additional money and help you improve your income.



In fact, in line with the Global Wealth 2012 Report manufactured by the Boston Consulting Group (BCG) in May in 2010, while global wealth grew single.9 percent to $122.8 trillion this year, the very best boost in wealth both in percentage and absolute terms was observed in the Asia-Pacific ex-Japan region, growing 10.7 percent to $23.7 trillion next year. Moreover, BCG projected that Asia ex-Japan's wealth would grow from 19 percent to about 26.5 percent of total global wealth in 2016. The compounded annual growth rate of Asia ex-Japan's wealth is going to be 11.one percent during 2011 to 2016, over twice in the growth rate of global wealth, helped by strong GDP rise in China and India, rising savings rate and stock markets in those countries. Within Asia ex-Japan, the best growth segment is within the household with $1 million or above, comprising of 48 percent of total. BCG expects this segment to develop to 54 percent of total in 2016.




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There are basically 2 types of advisors inside the financial services sector: Independent and Restricted. A Restricted Financial Advisor is really a term used for firms that incorporate some type of limitation around the advice they offer. Essentially the difference is that a Restricted firm would just offer information on a variety of lending options, whereas an Independent firm looks at the whole with the market.




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