What is the difference between asset management and wealth management

Answers

Answer 1

Answer:

here is ur answer

Explanation:

wealth management comes down to what services you need. Asset management is about choosing and managing investments. Wealth management, on the other hand, looks more broadly at a person's financial life and portfolio. Some financial advisors do both, allowing you to hire just one person for the job.

Answer 2

It all boils down to the services you require in terms of wealth management. Asset management is the process of selecting and managing investments.

Wealth management, on the other hand, examines a person's financial life and portfolio in greater depth. Some financial advisors do both functions, allowing you to hire only one person for the job.

Is asset management part of wealth management?

Wealth management entails supervising all of the client's financial elements, which may include asset management, taxes, estate planning, cash flow management, and all other conceivable uses of money. Thus, wealth management includes asset management and takes a comprehensive perspective of the client's finances.

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Related Questions

The Warehouse Management System (WMS) _____. (Select all that apply.)


locates products in the warehouse
locates products in the warehouse

records shipments in and shipments out
records shipments in and shipments out

tracks inventory
tracks inventory

schedules employees
schedules employees

Answers

Answer:

Records Shipments in and shipments out, Locates products in the warehouse.

Answer:tracks inventory

Explanation:

To become a successful entrepreneur, you should:
Select one:
O Prepare to risk all of your family assets.
O Plan to quit your job before starting.
O Choose a business that is in a field you enjoy.
O Expect to put down a lot of money.

Answers

I would say C because that would make the most sense. Hope this helps!

why do people call buildings buildings if they are already built.

Answers

I read somewhere that it’s called building because it’s a building

Please select the word from the list that best fits the definition Enjoy music in their free time

Answers

Answer:

Auditory Learners

Explanation:

I got it right on edge 2022.

Schaad Corporation has entered into an eight-year lease for a piece of equipment. The annual payment under the lease will be $2,500, with payments being made at the beginning of each year. If the discount rate is 14%, what’s the present value of the lease payments? Ignore income taxes in this problem

Answers

Based on the payments being made at the beginning of the year and the discount rate, the present value of the lease payments is $13,220.75.

What is the present value of the lease payments?

The fact that the payments are made at the beginning of the year makes this an annuity due.

The present value is:

= Amount x ( Present value of annuity due factor, 14%, 8 years)

Solving gives:

= 2,500 x 5.2883

= $13,220.75

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The accounting firm of johnson and johnson has decided to design a nonstatistical sample to examine the accounts receivable balance of francisco fragrances, inc. , at october 31. as of october 31, there were 1,500 accounts receivable accounts with a balance of $5. 5 million. the accounts receivable population can be segregated into the following strata:

number and size

of accounts

book value

of stratum

10 accounts >

$ 50,000

$ 750,000

440 accounts >

$ 5,000

3,000,000

1,050 accounts <

$ 5,000

1,750,000

jonathan l. gren, senior-in-charge of the audit, has made the following decisions:_______.

1. based on the results of the tests of controls and risk assessment procedures, a low assessment is made for the risk of material misstatement. 2. the desired confidence level is moderate. 3. the tolerable misstatement allocated to accounts receivable is $155,000, and the expected misstatement is $55,000. 4. all the balances greater than $50,000 will be auditedrequired-using the nonstatistical sampling formula included in the textbook, compute the suggested sample size for this test using table 9-5. gren confirmed the accounts receivable accounts selected and noted the following results (round your answer to the nearest dollar amount. omit the "$" sign in your response. ):stratumbook value of stratumbook value of sampleaudit value of sampleamount of overstatement>$

50,000$ 750,000$ 750,000$ 746,500$ 3,500>$5,0003,000,000910,000894,75015,250>$5,0001,750,00070,00068,4501,550using ratio projection, what is the total projected misstatement? what conclusion should gren make concerning the accounts receivable balance?

Answers

The total projected misstatement of the firm is $92225 and it can be concluded that projected misstatement is more than the expected misstatement.

How to calculate the projected misstatement?

The total projected misstatement will be calculated thus:

= $3500 + ($15250/$910000 × 3000000) + (1550/70000 × 1750000

= $3500 + $50275 + $38750

= $92225

The projected misstatement is more than the expected misstatement. Therefore, there is an unacceptable risk that the true misstatement is more than the tolerable misstatement.

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in the hvacr trade tubing is joined together by what?

Answers

Answer:

Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.

How old do you have to be to start working at a true job.

Answers

Answer:

As a general rule, the FLSA sets 14 years old as the minimum age for employment, and limits the number of hours worked by minors under the age of 16.

Which living expense needs to be included in the budget of someone renting an apartment?.

Answers

Answer:

insurance

Explanation:

a living expense that should be included in the budget when someone is going to rent an apartment should be the insurance

hope this helps

2. List three interpersonal skills that sales associates need.

Answers

Answer:

problem solving, communication, organizational

Explanation:

these help you be the best business associate there is.

Evaluate the advantages and disadvantages of horizontal, vertical and conglomerate mergers.

Answers

Some of the advantages are related to increased market share and product diversification, while the disadvantages are less flexibility and culture shock.

What is an organizational merger?

Occurs in the legal merger of two or more companies with the aim of forming a new organization.

The horizontal merger occurs between two competitors, the vertical between a buyer and a seller, and the merger of conglomerates occurs in companies from different areas of activity.

Therefore, despite the advantages of increasing market value and positioning, the merger between companies can be a risky strategy if it is not established in a planned way.

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match each educational qualification with its description
certification a on the job training experience
apprenticeship general two-year college degree
doctoral degree four-year college degree
bachelors degree advanced, specialized degree earned after masters
associates degree an endorsement from a professional,
nongovernment organizations

Answers

The educational qualifications and their descriptions are:

Certification - general two-year college degree.Apprenticeship - a on the job training experience.Doctoral degree -  advanced, specialized degree earned after masters.Bachelors degree -  four-year college degree.Associate degree -  an endorsement from a professional, nongovernment organizations.

What are some educational qualifications?

A certificate involved going to college or an institution of higher learning for two years. An apprenticeship doesn't involve going to school, but gaining experience from working.

A bachelors degree is a four year qualification that is gained from college and a doctoral degree can only acquired after one gets a masters.

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Which of the following describes mannerisms? question 2 options: style of speaking or behaving dressing appropriately values and standards working effectively with others

Answers

Answer:

It's A:  

Styles of speaking or behaving

Explanation:

Manners do not include of getting along with your staff. Manners are something that is taught by speaking and your actions.

Mannerism can be described as the style of speaking or behaving and dressing appropriately. It is a habitual gesture, speech pattern, or method of behaving.

What is Mannerism?

A particular trait or style, especially in behavior or speech: a frequent or typical manner, mode, or way of doing something.

These “micro-behaviors” could be anything from a simple throat-clearing to a very particular tic (i.e., biting nails when nervous).

Thus, option A is correct.

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The ethics enforcement process includes initial screening of complaints by the.

Answers

The ethics enforcement process simply have to do with the initial screening of complaints by the Grievance Committee.

What is ethics?

It should be noted that ethics simply means the ability to distinguish right from wrong.

In this case, the ethics enforcement process simply have to do with the initial screening of complaints by the Grievance Committee.

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How did economists Currie and Walker conduct research to decide whether pollution or poverty was responsible for worse outcomes among babies born in high-pollution areas

Answers

Currie and Walker used behavioral responses to pollution such as maternal mobility to conduct research to decide whether pollution or poverty was responsible for worse outcomes among babies born in high-pollution areas.  

What is Pollution?

Pollution is a contamination of a healthy environment that can cause damage to the health of individuals and the environment. When a foreign substance is introduced to the environment, either by air or land or whatever means, we say the environment has been polluted.

When Currie and Walker did research on the effect of pollution among babies born in the high-pollution area, they used behavioral responses to pollution to conduct it. They considered maternal mobility and the effects it would have on the baby.

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answers.
1. Becky and Tom are engaged and have set a date for the ceremony. Becky has, at her own expense
and with Tom's knowledge, rented a chapel for the wedding and a reception hall, bought a dress
and invitations, contracted for flowers, a photographer, and a caterer. Now Tom has told her that
he is breaking off the engagement. Does Becky have a legal recourse to recover her expenditures?

Answers

Yes, Becky has a legal recourse to recover her expenditures.

What is Expenditure?

This is defined as a payment with either cash or credit to purchase goods or services.

Since the service wasn't rendered , Becky can recover her expenses legally although she may not recover all as an agreement between her and the business owners will be reached.

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Because the government owns most of the urban land and uses it for fire, police, government buildings, parks, and roads, as well as holds zoning and tax violation rights over the rest, the government applies ____________ over urban land.

Answers

Based on the given scenario the government applies eminent domain over urban land.

What is eminent domain?

Eminent domain can be defined as the way in which government take over private property or private land  so as to turn those private property into public use.

Government can use eminent domain to collect a person or an individual property or land without the approval or consent of the owner of the property.

Inconclusion the government applies eminent domain over urban land.

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______ is selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits.

Answers

Answer:

Franchising is selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits.

Explanation:

A company sells equipment for $5,000. The original cost was $50,000. The
accumulated depreciation is $45,000. The sale results in
O A. a gain of $1,000
a
B. neither a gain nor a loss
O c. a loss of $1,000
D. a gain of $5,000

Answers

Assuming the company sells equipment for $5,000 and the original cost was $50,000. The sale results in: B. neither a gain nor a loss

Gain or loss

First step is to calculate the book value using this formula

Book value=Original cost-Accumulated depreciation

Let plug in the formula

Book value=$50,000-$45,000

Book value= $5,000

Second step

Since the proceeds (equipment) is the amount of $5,000 in which the book value is as well $5,000 there is neither gain nor a loss.

Inconclusion the sale results in: B. neither a gain nor a loss.

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A product has three distinct layers. The most basic layer is the ________, which consists of all the benefits the product will provide for consumers or business customers.

Answers

The most basic layer of a product is the core product which consists of all the benefits the product will provide for consumers or business customers.

What are core products?

Core products or services are company products/services that are close to the company's core competencies. It describes the satisfaction that a consumer gets from consuming a product.

Core product involves the benefits the product will provide for consumers.

The three layers of products are :

AugmentedActualCore

Hence, the most basic layer of a product is the core product which consists of all the benefits the product will provide for consumers or business customers.

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Hugh has made an appointment to speak with a local librarian about their job. What kind of exploration is Hugh setting up?
career presentation
informational interview
job shadowing
internship

Answers

Answer:

The answer would be an informational interveiw

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

What is a main disadvantage of leasing a vehicle compared to buying a vehicle? the up-front cost the monthly payments the length of payments the cost of insurance and gas

Answers

An upfront cost is the amount of money owed at the start of a transaction or business engagement.

Why Is Understanding Upfront Costs Important?

A prospective homeowner can confidently choose a piece of property that is appropriate for their financial condition by thoroughly comprehending upfront fees as well as ongoing costs such as monthly mortgage payments and property taxes.

Because house ownership expenses exceed the reported purchase price, a good real estate agent will walk their client through the various amounts they will owe to ensure that the buyer is not caught off guard by significant upfront costs.

Thus When comparing up-front costs, buying is more advantageous than leasing which is more costly.

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Hugh has experience as a firefighter and a degree in chemistry. What company might be interested in hiring Hugh?

A. A national district court looking for a video surveillance tech
B. a state agency looking for a fire inspector
C. a drug rehabilitation facility in need of a nurse
D. a city police force in need of a dispatcher

Answers

Answer:

B. a state agency looking for a fire inspector

Explanation:

Because he is a firefighter with a degree in chemistry and a fire inspector is the best fitting company to hire hugh.

Answer:

B, a state agency looking for a fire inspector!

______ is recommended for promotion when a high degree of service or support, known as ancillary services, is required after the sale of the product.

Answers

Answer:

hard work recommended for promotion

True or false: The inventory method selected by management does not have to correspond to the physical flow of goods to be in accordance with GAAP.

Answers

Answer:

True or false: The inventory method selected by management does not have to correspond to the physical flow of goods to be in accordance with GAAP. True (The inventory method is an assumed cost flow and does not have to correspond with the actual physical flow of goods.

Chain restaurants such as Domino's can use e-commerce sites to eliminate supplier-side data entry errors by _____.

Answers

The restaurants uses the e-commerce sites to eliminate supplier-side data entry errors by enabling the buyers to directly enter their own order information.

What is a supplier side data entry errors?

This refers to any type of entry errors in a transaction that result to erroneous supply of quantity of goods, and are caused by error from sales representatives or the buyer input.

However, the use of e-commerce sites eliminate these data entry errors by enabling the buyers to directly enter their own order information.

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How does self-motivation fit into the career readiness model?.

Answers

A self-motivation was ablt to fit into the career readiness model because it is an attitude.

What is a self-motivation?

It refers to the personal ability to motivate and drive oneself to take initiative and action to pursue set goals and complete tasks.

Therefore, the self-motivation was ablt to fit into the career readiness model because it is an attitude that is innate in an individual.

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A fan base is, in most ways, quite similar to a customer base.
A. False
B. True

Answers

The correct answer is ‘True’.
True in some ways. A fan supports the person statistically however a customer supports a person financially

Shannon's kettle corn is a small refreshment stand located near a
football stadium. its fixed expenses total $400 per week and the variable
cost per bag of popcorn is $0.50.
complete the table on the following page for the various activity levels
for one week. (round your cost per unit values to 2 decimal places.)
500
1,000
1,500
+
number of bags of popcorn
total fixed cost
fixed cost per bag of popcorn
total variable cost
variable cost per bag of popcorn
total cost
total cost per bag of popcorn

Answers

Assuming the variable cost per bag of popcorn is $0.50. The table for the various activity levels for one week is: Total Cost Per Bag of Popcorn 1.30; 0.90; 0.77.

Table for various activity levels

Number of Bags Of Popcorn            500 1000 1500

Total Fixed Costs                              400        400        400

Fixed Cost Per Bag of Popcorn       0.80       0.40      0.27

(400/500=0.80)   (400/1000=0.40)     (400/1500=0.27)  

Total Variable Cost                            250        500       750

($0.50×500=250) (0.50×1,000=$500) (0.50×1,500=$750)

Variable Cost Per Bag of Popcorn   0.50        0.50      0.50  

Total Cost                                           650         950      1150

(400+250=650)  (400+500=950)  (400+750=1150)

Total Cost Per Bag of Popcorn         1.30       0.90     0.77

(0.80+0.50=1.30)  (0.40+0.50=0.90)  (0.27+0.50=0.77)

Inconclusion the total Cost Per Bag of Popcorn 1.30; 0.90; 0.77.

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which line represents the flow of final goods and services?

which line represents the flow of consumer spending?

which line represents the flow of land, labor, capital, entrepreneurs?

which line represents the flow of rent, wages, interest, and profits?

Answers

The Household line represent the flow of final goods and services and consumer spending while the Business line represent the flow of rent, wages, interest, and profits.

What is the circular flow diagram?

This is an economic diagram that illustrate the flow of money through the economy.

The four parts of the circular flow diagram includes:

individuals,firms, market for goods and services,market for factors of production.

In conclusion, these economic diagram illustrates the system functions through the interactions of households and firms.

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