How private wealth managers differ from financial planners

12/14/2011 | Nerd's Eye View blog

Michael Kitces, who was part of a volunteer committee at IMCA to analyze what a private wealth manager really does, explains the difference between private wealth managers and financial planners. "I was increasingly convinced that private wealth management -- when reasonably and appropriately defined as specifically serving (very) high net worth clients -- does deserve a stand-alone certification, because it really does build upon a different set of knowledge and skills," he writes.

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