The difference between a wealth manager and a financial advisor can sometimes feel like splitting hairs, but it’s important to understand the distinction. From my experience, a wealth manager tends to offer a more holistic service, addressing various aspects of a client’s wealth. They usually work with high-net-worth individuals focusing on comprehensive financial planning that includes investment management, estate planning, and tax strategies. A financial advisor, on the other hand, might concentrate on specific financial products or offer general advice to a broader audience. I used to think they were the same until I engaged better and realized the depth a wealth manager provided. They sort of act like the quarterback of your financial life, coordinating different aspects and making sure everything aligns. For further information, you might find this a nice read. On a related note, understanding your specific needs can help determine which service is more appropriate for you.